In this paper we employ a wage‐setting approach to analyze the labor market effects of
immigration into Germany from 1980 to 2004. This enables us to consider labor market …

We investigate the labor market effects of immigration in Denmark, Germany and the UK,
three countries which are characterized by considerable differences in labor market …

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 much more …

The paper provides a unified analysis of globalization effects on the Phillips curve and
monetary policy, in a New-Keynesian framework. The main proposition of the paper is …

We illustrate the analytical content of the global slack hypothesis in the context of a variant of
the widely used New Open-Economy Macro model of Clarida, Galí, and Gertler (2002) under …

The paper provides an integrated analysis of globalization effects on the inflation-output
tradeoff and monetary policy in the New-Keynesian framework. The prediction of the …

Open-Economy models are central to the discussion of the trade-offs monetary policy faces
in an increasingly more globalized world (eg, Marínez-García & Wynne, 2010), but bringing …

The large influx of migrants to Nordic countries in recent years is challenging the adoptability
of Nordic labor market institutions while also adding to potential growth. This paper …

Recently migration patterns in the euro area changed markedly in response to increasing
unemployment disparities. This reinforced the interest in labor mobility as stabilization tool …

This paper reviews the analytics of the effects of globalization on the Phillips curve and the
utility-based objective function of the central bank. It demonstrates that in an endogenous …