أعرض تسجيلة المادة بشكل مبسط

dc.creator Bentolila, Samuel
dc.creator Dolado, Juan José
dc.creator Jimeno, Juan F.
dc.date 2007
dc.date.accessioned 2013-10-16T06:57:04Z
dc.date.available 2013-10-16T06:57:04Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/17849
dc.identifier ppn:534869734
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/17849
dc.description This paper examines the evolution of the Phillips Curve (PC) for the Spanish economy since 1980. In particular, we focus on what has happened since the late 1990s. Since 1999 the unemployment rate has fallen by almost 7 percentage points, while inflation has remained relatively subdued around a plateau of 2%- 4%. Thus, the slope of the PC has become much flatter. We argue that this favorable evolution is largely due to the huge rise in the immigration rate, from 1% of the population in 1994 to 9.3% in 2006. We derive a New Keynesian Phillips curve accounting for the effects of immigration, a variable which is found to shift the curve if preferences and bargaining power of immigrants and natives di¤er. We then estimate this curve for Spain since 1980 and find that while the fall in unemployment over the last 8 years comes along with an increase in inflation of 2.2 percentage points per year, the increase of the relative unemployment rate of immigrants vis-?-vis natives accounts for an ofsetting 0.9 percentage points drop in the inflation rate per year.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kieler Arbeitspapiere 1333
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject J64
dc.subject E31
dc.subject ddc:330
dc.subject Phillips curve
dc.subject immigration
dc.subject Phillips-Kurve
dc.subject Einwanderung
dc.subject Schätzung
dc.subject Spanien
dc.title Does Immigration Affect the Phillips Curve? Some Evidence for Spain
dc.type doc-type:workingPaper


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أعرض تسجيلة المادة بشكل مبسط