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Inflation and migration: Theory, evidence, and implications for the Monetary Policy Committee
A new research paper by the New Zealand Institute of Economic Research (NZIER), commissioned by the RBNZ, outlines how migration can add to or reduce inflationary pressures depending on the size and direction of flows and the characteristics of migrants. The ability of the host economy to ‘absorb’ migrants – which is influenced by the state of the labour market, housing, infrastructure, and health and education services, etc – is also a significant factor. “Overall, there are no clear rules of thumb on the effects of migration on the economy as a whole and inflation,” RBNZ Chief Economist Paul Conway ... (full story)
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- Posted: Mar 20, 2024 1:42am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,344
