staggering amount of remittances outflow of the GCC economies plays a stabilizing role as a tacit monetary policy tool …The strong economic ties between the GCC economies and the U.S. are manifested in three ways: currency peg, coupling of … result in a misalignment of the U.S. monetary policy with the business cycles of the GCC economies. The study shows how the …

We examine the effect of remittance outflows on inflation in the remitting countries. The growth of remittance outflows … depresses inflation rate. …

We investigate the responsiveness of remittances from the Gulf Cooperation Council (GCC) countries to the changes in … the price of crude oil. Most of the GCC countries rank in the top 20 remitting countries in the world. We find that oil … price elasticity of remittances is around 0.4. While most studies have examined the impact of remittances on the real …

Despite the magnitude and in, some cases, the major role remittances do have in many economies all over the world, the … by the National Bank of Moldova that is considered the most relevant source to make an estimation of remittances’ volume …; the Household Budget Survey carried out by the National Bureau of Statistics (NBS) that presents data on remittances share …

remittances cause an inflation (Model 1) as well as food inflation (Model 2) in Bangladesh using monthly data over the time period … determine the long run relationship between remittances and inflation. Then, a Vector Error Correction Model (VECM) approach is … 2012, remittances contributed to 12.3% of GDP of Bangladesh while the contribution was 6.4% in 2003. Besides lowering …

remittances and the monetary policy implications.In this endeavor, we use the case of thePhilippines, one of the countries where … globalfinancial crisis, we should also consider the remittancesas a transmission channel. We haveestablished that remittances are …. Through our model, we have been ableto trace the impact of changes in remittances onimportant economic variables such as …

This paper studies the determinants of China's inflation and finds that demand-pull factors have been more important … than cost-push factors in driving the inflation in the past decade. Because China's economic growth will gradually moderate … play a more significant role in driving future inflation. Thus the Keynesian-style demand-side policy will not be enough to …

, overall inflation tends to be higher. …

The paper finds that an increase in money supply over the long-run results in a higher rate of inflation and thus … provides support for the quantity theory of money. It establishes that inflation is essentially a monetary phenomenon. However …, the money supply does not instantly influence the price levels; the impact of money supply on inflation has a considerable …