country into stagnation. We also find that immigrants' remittances are harmful to the host country under full employment but …

Remittances are private monetary transfers across borders and thus, often, involve different currencies. Yet the … foreign-currency remittances have on a recipient economy. This paper uses a theoretical model and panel vector autoregression … techniques to understand the effect of remittances on GDP, inflation, real exchange rate and money supply, depending on the …

This paper adds international migration and remittances into the IMF's Flexible System of Global Models (FSGM). FSGM is … dynamics of major remitter regions is proposed. The dynamics of remittances and migration in FSGM are calibrated to be …

-country business cycle model of labor migration and remittances. The model matches the cyclical dynamics of unskilled migration and … documents the insurance role of remittances in consumption smoothing. Over the cycle, immigration increases with the expected … stock of immigrant labor, enhancing the volatility of unskilled wages and remittances. Changes in border enforcement have …

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 …