Similar Search Results

Monetary and exchange rate policy under remittance fluctuations

Mandelman, Federico S. - In: Journal of Development Economics 102 (2013) C, pp. 128-147

access to financial markets and test whether remittances are countercyclical and serve as an insurance mechanism against … secular increase in the trend growth of remittances and random cyclical fluctuations around this trend. In a purely … households facing an increasing trend for remittances. A flexible floating regime is preferred when unanticipated shocks driving …

Persistent link: https://www.econbiz.de/10011065920

Determinants of risk sharing through remittances: cross-country evidence

Balli, Faruk; Rana, Faisal - Crawford School of Public Policy, Australian National … - 2014

The sending of remittances is a decentralised decision of migrant workers, nevertheless it has its macroeconomic …% for Tajikistan (38%) for Haiti (-13%). Subsequently, we explore why the extent of risk sharing through remittances is so … risk sharing via remittances: the more diverse the migration destinations of a country, higher will be the amount of risk …

Persistent link: https://www.econbiz.de/10010860356

Impact of global economic imbalance on migrant workers and economies of the Gulf Cooperation Council

Marzovilla, Olga - Volkswirtschaftliche Fakultät, … - 2010

GCC Countries are characterized by a high incidence of foreigners on both the overall population and the labour force as well as by deep inequalities in social and economic term. These features have influenced the labour market and fuelled mutual tensions and grievances between nationals and...

Persistent link: https://www.econbiz.de/10008493024

The impact of global economic imbalance on migrant workers and economies of the Gulf Cooperation Council

Marzovilla, Olga - Volkswirtschaftliche Fakultät, … - 2010

The GCC countries are characterized by a high incidence of foreigners in both the overall population and the labour force as well as by deep inequalities in social and economic terms. These features have influenced the labour market and fuelled mutual tensions and grievances between nationals...

Persistent link: https://www.econbiz.de/10011114345

Emerging Economies' Supply Shocks and Japan's Price Deflation: International Transmissions in a Three-Country DSGE Model

Hirakata, Naohisa; Iwasaki, Yuto; Kawai, Masahiro - Asian Development Bank Institute, Asian Development Bank - 2014

This paper examines the international transmission effects that a positive supply shock in emerging economies may have on inflation in developed economies. A three-country dynamic stochastic general equilibrium (DSGE) model is constructed to analyze the impact of a supply shock in an emerging...

Persistent link: https://www.econbiz.de/10010991086

Utility functions, fiscal shocks and the open economy - In the search of a positive consumption multiplier

Wegmueller, Philipp - Department Volkswirtschaftlehre, Universität Bern - 2014

This paper analyzes the dynamic effects of a fiscal policy shock and its transmission mechanism in a small open economy and compares the responses under different specifications of the utility function. The traditional Mundell-Flemming model tells that fiscal policy is more effective under a peg...

Persistent link: https://www.econbiz.de/10010938499

Dynamic Analysis of Exchange Rate Regimes: Policy Implications for Emerging Countries in Asia

Yoshino, Naoyuki; Kaji, Sahoko; Asonuma, Tamon - Asian Development Bank Institute, Asian Development Bank - 2014

This paper discusses desirable exchange rate regimes and how countries can shift from their current regimes to these regimes over the medium term. We demonstrate the superiority of a basket-peg regime with the basket weight rule over a floating regime with the interest rate rule or the money...

Persistent link: https://www.econbiz.de/10010941826

The Poole analysis in the new open economy macroeconomic framework

Hoffmann, Mathias; Kempa, Bernd - Institut für Finanzmarktforschung, Wirtschafts- und … - 2006

This paper evaluates simple, non-optimising monetary policy rules in the tradition of the well-known Poole analysis within a general two-country open-economy model of the New Open Economy Macroeconomic framework. Pure money supply rules are compared with simple interest rate rules for the large...

Persistent link: https://www.econbiz.de/10010957192

Fixed versus flexible exchange rates: Evidence from developing countries

Hoffmann, Mathias - Institut für Finanzmarktforschung, Wirtschafts- und … - 2005

This paper investigates the formalisation that in a small open economy flexible exchange rates act as a 'shock absorber' and mitigate the effects of external shocks more effectively. An intertemporal small open economy model with nominal rigidities, in which real shocks generate internal...

Persistent link: https://www.econbiz.de/10010957205

Compensating wages under different exchange rate regimes

Hoffmann, Mathias - Institut für Finanzmarktforschung, Wirtschafts- und … - 2005

This paper analyses the interconnectedness between developing countries' domestic wage levels and their exchange rate choices. The theoretical model illustrates that differences in domestic wage levels are related to countries' exchange rate regimes. In particular, the level of domestic wages...

Persistent link: https://www.econbiz.de/10010957236

1
2
3
4
5
6
7
8
9
10
Next
Last