González, Luis Alberto Alonso; Sovilla, Bruno - In: Journal of Post Keynesian Economics 36 (2014) 3, pp. 541-554
This article analyzes the effect of remittances on aggregate demand and equilibrium income within a Keynesian model …. Our analysis demonstrates that the composition of aggregate demand varies because remittances produce an increase in … remittances in national currency. Consequently, we confirm that the remittance multiplier is (-1). …