During a global shock two forces act upon international remittances in opposite directions: income losses among … migrants may reduce their ability to send remittances and, at the same time, migrants' concern for their family's wellbeing may … prompt them to send more remittances back home. Which of these drivers prevail is an empirical matter. We assemble quarterly …

When assessing future growth prospects, does it matter how the economy grows now? In other words, does the current … structure of demand affect future growth? This question is analyzed in our paper by using global and EU panel data. The result … is quite striking: consumption-led growth - either in terms of private or public or total consumption - leads to slower …

We employ a neoclassical growth model to assess the impact of financial liberalization in a developing country on … financial integration ; growth ; neoclassical model ; heterogenous agents …

average higher volatility of output growth (1) accumulated higher external assets in the long-run and (2) experienced more … procyclical capital outflows over the business cycle than those countries with a same growth rate but a more stable output path …. To explain this finding we provide a theoretical mechanism within a stochastic real business cycle growth model in which …

When assessing future growth prospects, does it matter how the economy grows now? In other words, does the current … structure of demand affect future growth? This question is analyzed in our paper by using global and EU panel data. The result … is quite striking: consumption-led growth - either in terms of private or public or total consumption - leads to slower …

export growth slows down substantially, while imports remain by and large unaffected. The output costs of appreciation are … small and not statistically significant, indicating a shift towards domestic sources of growth. All these effects appear …

allocated according to income and growth differentials. The “downhill” flow of capital from rich to poor economies was …