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Emigration and Brain Drain; Evidence From the Caribbean
Mishra, Prachi - International Monetary Fund (IMF) - 2006
This paper quantifies the magnitude and nature of migration flows from the Caribbean and estimates their costs and … migration rates are particularly striking for the highskilled. Many countries have lost more than 70 percent of their labor … in 2002. Simple welfare calculations suggest that the losses due to high-skill migration (ceteris paribus) outweigh the …
Persistent link: https://www.econbiz.de/10005248304
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Macroeconomics of Migration in New Member States
Bems, Rudolfs; Schellekens, Philip - International Monetary Fund (IMF) - 2008
This paper examines the macroeconomic impact of migration on income convergence in the EU's New Member States (NMS …
Persistent link: https://www.econbiz.de/10005825900
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Exchange Rates and Wages in an Integrated World
Spilimbergo, Antonio; Mishra, Prachi - International Monetary Fund (IMF) - 2009
We analyze how the pass-through from exchange rate to domestic wages depends on the degree of integration between domestic and foreign labor markets. Using data from 66 countries over the period 1981–2005, we find that the elasticity of domestic wages to real exchange rate is 0.1 after a...
Persistent link: https://www.econbiz.de/10005826292
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Do Workers' Remittances Promote Economic Growth?
Gapen, Michael T.; Chami, Ralph; Montiel, Peter; … - International Monetary Fund (IMF) - 2009
Over the past decades, workers' remittances have grown to become one of the largest sources of financial flows to developing countries, often dwarfing other widely-studied sources such as private capital and official aid flows. While it is undeniable that remittances have poverty-alleviating and...
Persistent link: https://www.econbiz.de/10008528660
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Shocking Aspects of Canadian Labor Markets
Sutton, Bennett; Bayoumi, Tamim; Swiston, Andrew - International Monetary Fund (IMF) - 2006
using macroeconomic data on employment, unemployment, participation, and (for Canada) migration and real wages. We find that … flexible, particularly with regard to migration, while those further east are less so. …
Persistent link: https://www.econbiz.de/10005599750
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Do Remittances to Latin America Dependon the U.S. Business Cycle?
Gradzka, Ewa; Roache, Shaun K. - International Monetary Fund (IMF) - 2007
We use a range of methods and remittance data from 1990 to 2007 to assess the strength and significance of linkages between remittance flows to Latin America and the U.S. business cycle. All of the evidence suggests that remittance flows are relatively insensitive to fluctuations in the U.S....
Persistent link: https://www.econbiz.de/10005605152
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Regional Labor Market Adjustments in the United States and Europe
Dao, Mai; Furceri, Davide; Loungani, Prakash - International Monetary Fund (IMF) - 2014
estimate the dynamic response of regional employment, unemployment, participation rates and net migration to state … decreased over time, suggesting less overall net migration in response to a regional shock, (ii) the role of the participation … rate as absorber of regional shocks has increased, (iii) the response of net migration to regional shocks is stronger …
Persistent link: https://www.econbiz.de/10010790322
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Macroeconomic Consequences of Remittances
Fullenkamp, Connel; Cosimano, Thomas F.; Gapen, Michael T. - International Monetary Fund (IMF) - 2008
Given the large size of aggregate remittance flows (billions of dollars annually), they should be expected to have significant macroeconomic effects on the economies that receive them. This paper directly addresses the two main issues of interest to policymakers with regard to remittances--how...
Persistent link: https://www.econbiz.de/10010790498
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Mexico; Staff Report for the 2012 Article IV Consultation
International Monetary Fund (IMF); International … - 2012
The IMF staff report on Mexico’s financial policies has been satisfactory; these policies have been said to act as a buffer against risks that erupted during the global economic crisis. Mexico has been identified as a prudent and fairly well-managed economy. However, the issues that would...
Persistent link: https://www.econbiz.de/10011242784
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Lifting Euro Area Growth; Priorities for Structural Reforms and Governance
Everaert, Luc; Allard, Céline - International Monetary Fund (IMF) - 2010
To live up to its growth potential and secure its inclusive social model, the euro area must make better use of its available labor. In the aftermath of the crisis, boosting growth is essential to prevent unemployment from becoming a long-term problem and to facilitate the return to fiscal...
Persistent link: https://www.econbiz.de/10011245859