2024-03-29T01:27:52Zhttps://repositorio.bde.es/oai/requestoai:repositorio.bde.es:123456789/69432023-06-08T12:34:20Zcom_123456789_5661com_123456789_21col_123456789_5689
Does immigration affect the Phillips Curve? : some evidence for Spain
Bentolila Chocrón, Samuel
Dolado Lobregad, Juan José
Jimeno Serrano, Juan F.
Phillips curve
Immigration
Empleo y desempleo
Trabajadores : inmigrantes y emigrantes
E31
J64
Incluye bibliografía
The Phillips curve has flattened in Spain over 1995-2006: unemployment has fallen by 15 percentage points, with roughly constant inflation. This change has been more pronounced than elsewhere. We argue that this stems from the immigration boom in Spain over this period. We show that the New Keynesian Phillips curve is shifted by immigration if natives' and immigrants' labor supply or bargaining power differ. Estimation of the curve for Spain indicates that the fall in unemployment since 1995 would have led to an annual increase in inflation of 2.5 percentage points if it had not been largely offset by immigration
2008-06-24
Documento de trabajo
ISSN: 0213-2710 (en papel)
ISSN: 1579-8666 (en línea)
https://repositorio.bde.es/handle/123456789/6943
eng
Documentos de Trabajo / Banco de España, 0814
Reconocimiento-NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0)
In Copyright - Non Commercial Use Permitted
https://creativecommons.org/licenses/by-nc-sa/4.0/deed.es_ES
http://rightsstatements.org/vocab/InC-NC/1.0/
51 p. : formulas, graf., tab.
application/pdf
Banco de España
Madrid : Banco de España, 2008