This paper assesses the impact of remittances on economic growth for a selected sample of MENA countries over the 1987-2018 period. Using an ARDL model, we investigate the short- and long-run effects of remittances and the channels through which they may impact growth. Estimation outcomes show...

D'Albis and Boubtane provide empirical evidence on the macroeconomic and fiscal consequences of international migration for OECD countries. The authors use a panel of 19 countries over the period 1980-2015 to study the effects of increases in the net migration rate on per capita GDP and on both...

Factors - historically broad and persistent sources of return - can be used with simple equity-bond Reference Portfolios to meet the multiple challenges facing official reserve institutions. First, Reference Portfolios can be constructed to reflect the risk appetite of stakeholders, provide...