Large immigration flows during the 1995-2007 period increased the weight of foreigners living in Spain to 12 % of the … crisis, substantially changed migration flows, so that, from the beginning of the 2010s, Spain experienced positive net … between Spaniards born in Spain and foreigners that entered in Spain during the last 20 years. Second, we estimate the …

The Phillips curve has flattened in Spain over 1995-2006: unemployment has fallen by 15 percentage points, with roughly … 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 …