The Postpandemic U.S. Immigration Surge: New Facts and Inflationary Implications

We thank Francesco Bianchi, Olivier Coibion, Thorsten Drautzburg, Andres Drenik, Wendy Edelberg, Daniela Hauser, Chris Huckfeldt, Ryan Kim, Brian Kovak, Antoine Levy, Alisdair McKay, Pia Orrenius, Giovanni Peri, Valerie Ramey, Gianluca Violante and Daniel Wilson for helpful comments and discussions. We also thank seminar and conference participants at the University of Texas, SED meeting, Midwest Macro meeting, SNDE symposium, SEA meeting, Federal Reserve System Economic Heterogeneity conference, Atlanta Fed Workshop on the Macroeconomic Implications of Migration, NBER Monetary Economics meeting, NBER Annual Conference on Macroeconomics, and IMF Workshop on Managing Migration in the Global Economy for useful feedback and suggestions. The views in this paper do not necessarily reflect the views of the Federal Reserve Bank of Dallas, the Federal Reserve System, or the National Bureau of Economic Research.