Over the past decades, workers' remittances have grown to become one of the largest sources of financial flows to … undeniable that remittances have poverty-alleviating and consumption-smoothing effects on recipient households, a key empirical … is both correlated with remittances and would only be expected to affect growth through its effect on remittances. The …

effect on these economies. The paper estimates the impact of remittances on output stability for countries that are dependent … find robust evidence that remittances have a negative effect on output growth volatility of recipient countries. This … result supports the notion that remittance flows are a stabilizing influence on output. Thus, the fall in remittances …

This paper addresses the complex and overlooked relationship between the receipt of workers' remittances and …, even after controlling for potential reverse causality. We find that a higher ratio of remittances to GDP is associated …

interest to policymakers with regard to remittances--how to manage their macroeconomic effects, and how to harness their … remittances on recipient economies. In broad terms, the findings of this paper tend to confirm the main benefit cited in the … microeconomic literature: remittances improve households' welfare by lifting families out of poverty and insuring them against …

This paper investigates the impact of workers’ remittances on equilibrium real exchange rates (ERER) in recipient … remittances; the share of consumption in tradables; and the sensitivity of a country’s risk premium to remittance flows. Panel …