FLOWS OF LABOR MIGRATION AS EXOGENOUS FACTOR IN MODELS OF MACROECONOMIC EQUILIBRIUM THEORETICAL AND METHODOLOGICAL ASPECTS)

Abstract

The article addresses the problem of refl
ecting the impact of international migration fl ows on
macroeconomic trends in present-variables models of
macroeconomic equilibrium. The forms of labor migration
and its impact on macroeconomic equilibrium were
analyzed in Keynesian and Valrasian models. It was
proved that the fl ows of international labor migration
could pose serious macroeconomic challenges only in
Keynesian model. In Valrasian model the net infl ow of
migrants causes the adaptive process.