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Persistent link: https://www.econbiz.de/10009406818
This paper investigates the impact of workers’ remittances on equilibrium real exchange rates (ERER) in recipient economies. Using a small open economy model, it shows that standard ""Dutch Disease"" results of appreciation are substantially weakened or even overturned depending on: degree of...
Persistent link: https://www.econbiz.de/10014402929
Estimation of conventional Taylor rules for Brazil, Chile, Colombia and Peru shows that central banks increase their repo rate in response to increases in the output gap and, except in Peru, to deviations of inflation expectations from target. Using a Markov-Switching methodology, it is found...
Persistent link: https://www.econbiz.de/10010246127