| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6617 |
| DP6617 Declining Home Bias and the Increase in International Risk Sharing: Lessons from European Integration | |
| Michael Artis; Mathias Hoffmann | |
| 发表日期 | 2007-12-20 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | 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? labour 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. |
| 主题 | Labour Economics |
| 关键词 | Immigration Phillips curve |
| URL | https://cepr.org/publications/dp6617 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535448 |
| 推荐引用方式 GB/T 7714 | Michael Artis,Mathias Hoffmann. DP6617 Declining Home Bias and the Increase in International Risk Sharing: Lessons from European Integration. 2007. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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