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Pré-Publication, Document De Travail Année : 2024

The heterogeneous Impact of US Monetary Policy: Evidence from Native and Foreign-Born Workers

Résumé

This paper explores the heterogeneous effects of expansionary monetary policy on native-born and foreign-born workers in the United States from January 2007 to January 2024. Using high frequency data and local projections, we find that foreign-born workers benefit more significantly from expansionary shocks, with greater improvements in employment-population ratios, unemployment rates and labor force compared to native-born workers. Our results emphasize the importance of considering foreign-born workers in the decision making process of the Federal Reserve.
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hal-04608416 , version 1 (11-06-2024)

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  • HAL Id : hal-04608416 , version 1

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Juan Francisco Albert, Hamza Bennani. The heterogeneous Impact of US Monetary Policy: Evidence from Native and Foreign-Born Workers. 2024. ⟨hal-04608416⟩
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