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It is often assumed that international labor migration from Tajikistan, while having no noticeable effects on … the migration decision is developed and tested empirically. In a second step, the effect of low-skilled labor migration on … household expenditure shares is analyzed using 2SLS. While only weak effects of migration measured by a simple dummy are visible …
Persistent link: https://www.econbiz.de/10010457933
Temporary and circular migration programs have been devised by many destination countries and supported by the European … additional reason for proposing temporary migration policies based on the characteristics of the foreign labor-effort supply. The … when temporary migration policies are adopted. -- Migration ; Exertion of effort ; Contracted Temporary Migration …
Persistent link: https://www.econbiz.de/10008990097
In HANK, we show that fiscal policy is an appropriate macroeconomic stabilization tool at the ZLB. Fiscal policy achieves the same macroeconomic aggregates and the same welfare as hypothetically unconstrained monetary policy by replicating its transmission mechanism. Consumption taxes and labor...
Persistent link: https://www.econbiz.de/10012549562
This paper revives the question of whether a temporary VAT change is an adequate instrument for crisis stabilization. In empirical assessments, we find that durable goods consumption fluctuates strongly over the business cycle and that VAT rate changes affect durable goods in particular....
Persistent link: https://www.econbiz.de/10013198802
We show that in a New Keynesian model with household heterogeneity, fiscal policy can be a perfect substitute for monetary policy: three simple conditions for consumption taxes, labor taxes, and the government debt level are sufficient to induce the same consumption and labor supply of each...
Persistent link: https://www.econbiz.de/10013342046
This Selected Issues paper analyzes the surprising strength of remittances in Bangladesh and other countries in South … Asia and the Philippines in 2009. The empirical analysis suggests that the continued strong growth of remittances in these … of migrant workers from South Asia during 2006–08. The remittances-to-GDP ratio in South Asia and the Philippines are …
Persistent link: https://www.econbiz.de/10011245440
This Selected Issues paper on Samoa reports that remittances are the main source of foreign exchange to the Samoan … economy. In addition to remittances, travel credits also play an important role in the economy. Official transfers are also … significant, and should remain an important source of balance-of-payments support over the medium term. Remittances are relatively …
Persistent link: https://www.econbiz.de/10005824965
This Selected Issues paper analyzes the macroeconomic impact of workers’ remittances on Moldova. The paper focuses on … consequences of migration. The survey results are broadly consistent both with the findings from balance-of-payments data and with … the stylized facts in the labor migration literature. The paper also examines various indicators to assess the …
Persistent link: https://www.econbiz.de/10005768595
The Selected Issues paper and Statistical Appendix on Cape Verde review determinants of emigrant deposits (ED). EDs have provided a substantial source of foreign exchange to the Cape Verdean economy, and have been vital in maintaining the fixed exchange rate. Prospects for growth in Cape Verde...
Persistent link: https://www.econbiz.de/10005599078
This Selected Issues paper on Mexico presents econometric investigation of the cyclical determinants of remittances to … Mexico. The aggregate U.S. business cycle is not necessarily relevant for remittances. Remittances to Mexico do show a ….S. construction sector seem to be especially important as well as remittances for certain regions of Mexico with high rates of …
Persistent link: https://www.econbiz.de/10011242498