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This study examines the potential relationship between inflation and remittance outflows in Saudi Arabia over the period 1971-2019 by applying the autoregressive distributed lag (ARDL) model. As a pioneering study in Saudi Arabia, the paper addresses an important literature gap. The statistical...
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The Article explores the institutional role monetary mechanisms play, or could play, in work migration programs. The Article first explores the role of informal recruitment fees in this context. Those fees are commonly paid by temporary, low-skilled migrants to private recruiters and labor...
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. The role of Fed policy for remittances has not yet been studied. We estimate a series of panel local projections for …
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staggering amount of remittances outflow of the GCC economies plays a stabilizing role as a tacit monetary policy tool …. Incorporating remittances in the money demand equation results in a more robust model than otherwise. We further find that the …
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