Migration interacts with the domestic labour market through the increase in labour supply from immigration when labour … economy where there is no migration, such mechanism can lead to a substantial amplification of business cycle fluctuations …

We incorporate remittances and microentrepreneurship (self-employment) into a small openeconomy business cycle model … with capital and labor market frictions. Countercyclical remittances moderate the decline of households' consumption during … recessions. These remittances also are used to finance the start-up costs of microenterprises that bolster households' income …

. The role of Fed policy for remittances has not yet been studied. We estimate a series of panel local projections for …