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This paper studies the effects of discretionary fiscal policy shocks under different exchange rate regimes within a structural vector autoregressive (SVAR) model. We first suggest that by estimating the effects of fiscal policy shocks in two structurally similar small open economies that have...
Persistent link: https://www.econbiz.de/10012037640
This paper studies stabilisation policies in a multi-country currency union of small open economies. It abstracts from key factors favouring currency union formation, such as reduced transaction costs and enhanced credibility, which are exogenous to the factors studied here. Demand-side shocks...
Persistent link: https://www.econbiz.de/10011604973
Remittances from Germany are substantial. Cross-border transfers to family and friendship networks outside Germany are … and gender-specific determinants of remittances from the senders' perspective, based on data from the German Socio …
Persistent link: https://www.econbiz.de/10011600938
In Deutschland leben etwa sieben Millionen Ausländerinnen und Ausländer. Weitere hier lebende Personen, die bei Geburt eine andere als die deutsche Staatsangehörigkeit besessen haben, sind Eingebürgerte und (Spät-)Aussiedler. Auf der Basis der Daten des Sozio-oekonomischen Panels (SOEP)...
Persistent link: https://www.econbiz.de/10011601875
Remittances in Moldova reach 36% of GDP, hence they constitute an essential part of the Moldovan economy. The most … visible characteristic of remittances is their unequal distribution. The analysis applying the standard Lorenz Curve proves … that 75% receiving households gets only 25% of total amount being sent to the country. The way remittances are distributed …
Persistent link: https://www.econbiz.de/10011430831
the hypothesis that both emigration and remittances reduce child labor. …
Persistent link: https://www.econbiz.de/10011460733
large rise in remittances, and an increased flow of skilled migration. However, recent literature based on cross … than characteristics of their family situations explains much of the higher remittances. …
Persistent link: https://www.econbiz.de/10010335976
Remittances to Asia plunged during the 1997 Asian financial crisis, but the drop was temporary as the flows were … send remittances have been adversely affected. The global nature of this crisis raises several questions such as whether it … examines remittances data to several Asian countries to shed light on such issues. The results suggest that while remittance …
Persistent link: https://www.econbiz.de/10010507285
We compare the labour market response to region-specific shocks in Europe and the US and to national shocks in Europe and investigate changes over time. We employ a multi-level factor model to decompose regional labour market variables and then estimate the dynamic response of the employment...
Persistent link: https://www.econbiz.de/10011605812
This paper examines how attractive investment opportunities available to temporary migrants in their country of origin affect their saving behavior and the optimal duration of stay abroad. The model predicts an inverse U-shaped relationship between migration duration and the expected rate of...
Persistent link: https://www.econbiz.de/10010316762