Immigration, uncertainty and macroeconomic dynamics

This paper examines the macroeconomic effects of rising migration uncertainty in four advanced economies (i.e. US, UK, Germany and France). Migration uncertainty is first captured by the Migration Policy Uncertainty ( MPUI ) and the Migration Fear ( MFI ) news‐based indexes developed by Baker et al. ( Immigration fears and policy uncertainty , 2015), and then by a novel Google Trend Migration Uncertainty Index ( GTMU ) based on the frequency of...