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Immigrants, Labor Market Dynamics and Adjustment to Shocks in the Euro Area

Gaetano Basso, Francesco D'Amuri, Giovanni Peri

NBER Working Paper No. 25091
Issued in September 2018

---- Acknowledgments ----

Prepared for the The Central Bank of Ireland (CBI) and the International Monetary Fund (IMF) Conference “Euro at 20”, and for the IMF Economic Review. We thank Alan Barrett, Olivier Blanchard, Emine Boz, Matteo Bugamelli, Giovanni dell’Ariccia, Pierre-Olivier Gourinchas, Mathias Hoffmann, Philip Lane, Juri Marcucci, Gian Maria Milesi-Ferretti, Doug Miller, Marianna Riggi, Paolo Sestito, Luigi Federico Signorini and the IMF Economic Review guest editors Philippe Martin and Sebnem Kalemli-Ozcan for their comments on a previous draft. The views expressed in this paper do not necessarily reflect those of the Bank of Italy. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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