The migration debate is often harsh and polarised, oscillating from calls for more open borders to promises to build new fences, and contrasting the views of those who emphasise the advantages and benefits from migration flows with those who consider migrants to impose an unnecessary strain on hosting societies. This column introduces a new eBook that offers a brief summary of what economists have learnt about migration in several crucial areas of policymaking, and identifies most of the important questions that still remain to be answered.
Francesco Fasani, 31 October 2016
Christian Dustmann, Francesco Fasani, Tommaso Frattini, Luigi Minale, Uta Schӧnberg, 18 October 2016
The current refugee crisis poses an enormous challenge not only to European countries, but to the fundaments and achievements of the EU as a whole. This column discusses how this latest crisis differs from the crisis in the early 1990s, and argues there is a drastic need for a new regulatory framework to replace dated coordination attempts. The framework should be based on two pillars: a coordinated policy that secures Europe’s outer borders and deals with asylum claims before refugees have (illegally) crossed into mainland Europe, and a more equitable allocation mechanism.
Giancarlo Corsetti, Lars Feld, Ralph Koijen, Lucrezia Reichlin, Ricardo Reis, Hélène Rey, Beatrice Weder di Mauro, 27 May 2016
The large wave of refugees arriving from the Middle East and Northern Africa is one of the major challenges facing the EU today. In this column, the authors of the 2nd Monitoring the Eurozone report outline their proposal for one measure to help deal with the refugee crisis – EU refugee bonds. EU-wide bonds are an appropriate way to finance the response to the crisis due to the immediate costs for some countries and the future benefits for others of integrating refugees.
Shekhar Aiyar, Helge Berger, Enrica Detragiache, Antonio Spilimbergo, 29 February 2016
The unprecedented inflow of refugees to Europe and their uneven distribution calls for coordinated policy actions. This column discusses the economic challenges of the refugee influx. The fiscal and growth impacts largely depend on the speed and success of labour market integration. It is important therefore to implement a range of policies that can foster refugees’ economic integration.