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Beware of emigrants bearing gifts : optimal fiscal and monetary policy in the presence of remittances

Chami, Ralph; Cosimano, Thomas F.; Gapen, Michael T. - 2006

Persistent link: https://www.econbiz.de/10003321820

Beware of Emigrants Bearing Gifts : Optimal Fiscal and Monetary Policy in the Presence of Remittances

Gapen, Michael T - 2006

Intro -- Contents -- I. INTRODUCTION -- II. REMITTANCES -- THEIR MOTIVATION -- III. A STOCHASTIC MONETARY ECONOMY -- IV …

Persistent link: https://www.econbiz.de/10013042570

Fiscal Sustainability in Remittance-Dependent Economies

Chami, Ralph - 2009

We investigate the impact of remittances on public debt sustainability and detail how the traditional debt-to-GDP ratio can be modified to create a more accurate representation of debt sustainability for a country that receives significant remittance inflows. The main result is that inclusion of...