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On the Response of Inflation and Monetary Policy to an Immigration Shock
Garcia, Benjamin - 2020
An immigration shock has an ambiguous effect on inflation. On one hand, aggregate consumption increases with a suddenly …. The response of an inflation-targeting central bank to an immigration shock is, therefore, not obvious. We study these … country that has experienced a substantial immigration flow in recent years …
Persistent link: https://www.econbiz.de/10012834823
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German public attitudes towards asylum seekers, immigrants in the workplace, inflation, and local budgets : evidence from a representative survey of the German population
Hayo, Bernd; García, Israel; Guillaume, Pierre-Méon; … - 2018 - First draft: 23 March 2018
This paper provides background information and basic descriptive statistics for a representative survey of the German population conducted on our behalf by GfK in the first quarter of 2018. The survey covers various topics, including: 1) attitudes towards asylum seekers; 2) migrating workers in...
Persistent link: https://www.econbiz.de/10011858941
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Secular stagnation : is immigration part of the solution?
Alves, José; Morgado, Sandro - 2022
of an aging population and a declining working age population, hence highlighting the pertinence of immigration as a … the pertinence of immigration as a possible solution. …
Persistent link: https://www.econbiz.de/10012815750
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Secular stagnation : is immigration part of the solution?
Alves, José; Morgado, Sandro - In: Journal of international development : the journal of … 36 (2024) 2, pp. 1426-1449
Persistent link: https://www.econbiz.de/10014516047
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Distributional Consequences of Monetary Policy Across Races : Evidence from the U.S. Credit Register
Alfaro, Laura; Faia, Ester; Minoiu, Camelia - 2022
We examine the consequences of monetary policy on racial disparities, focusing on the role of bank lending to firms through collateral and selection channels. Leveraging comprehensive loan-level data from the U.S. credit register (Y-14Q) of the Federal Reserve, we show that firms in Black...
Persistent link: https://www.econbiz.de/10013289001
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Macroeconomic shocks and racial labour market differences in the U.S.
De, Kuhelika; Compton, Ryan A.; Giedeman, Daniel C.; … - 2019
Using 136 United States macroeconomic indicators from 1973 to 2017, and a factor augmented vector autoregression (FAVAR) framework with sign restrictions, we investigate the effects of three structural macroeconomic shocks - monetary, demand, and supply - on the labour market outcomes of black...
Persistent link: https://www.econbiz.de/10012157899
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Optimal monetary policy in the presence of human capital depreciation during unemployment
Laureys, Lien - 2014
Persistent link: https://www.econbiz.de/10010497708
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Optimal monetary policy in the presence of human capital depreciation during unemployment
Laureys, Lien - 2014
Persistent link: https://www.econbiz.de/10012170252
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Monetary Policy and Racial Inequality
Bartscher, Alina K.; Kuhn, Moritz; Schularick, Moritz; … - 2021
This paper aims at an improved understanding of the relationship between monetary policy and racial inequality. We investigate the distributional effects of monetary policy in a unified framework, linking monetary policy shocks both to earnings and wealth differentials between black and white...
Persistent link: https://www.econbiz.de/10013241709
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Monetary Policy and Racial Inequality
Bartscher, Alina K.; Wachtel, Paul; Kuhn, Moritz; … - 2021
This paper aims at an improved understanding of the relationship between monetary policy and racial inequality. We investigate the distributional effects of monetary policy in a unified framework, linking monetary policy shocks both to earnings and wealth differentials between black and white...
Persistent link: https://www.econbiz.de/10013246912