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

Juan Albert () and Hamza Bennani
Additional contact information
Juan Albert: UV - Universitat de València = University of Valencia

Working Papers from HAL

Abstract: 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.

Keywords: Monetary Policy; Foreing-born workers; Immigration; Local Projections (search for similar items in EconPapers)
Date: 2024-06-11
Note: View the original document on HAL open archive server: https://nantes-universite.hal.science/hal-04608416v1
References: Add references at CitEc
Citations:

Downloads: (external link)
https://nantes-universite.hal.science/hal-04608416v1/document (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:hal-04608416

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().