variable, the one related to the increasingly important phenomenon of international migrations, namely emigrants' remittances …. Remittances can help reduce output growth volatility thanks to their considerable magnitude, stability and low pro … over the period 1980-2003, we provide robust evidence that remittances are negatively correlated to output growth …

This paper examines the behavior of remittances over the business cycle and their potential to act as a stabilizer … remittances depends on the motives to remit. Second, remittances are less volatile than other foreign currency flows but do not … appear to systemically co-move with business cycle fluctuations. Third, remittances are relatively stable even during …

This paper examines the behavior of remittances over the business cycle and their potential to act as a stabilizer … remittances depends on the motives to remit. Second, remittances are less volatile than other foreign currency flows but do not … appear to systemically co-move with business cycle fluctuations. Third, remittances are relatively stable even during …

). We find evidence that remittances are countercyclical with respect to Mexico's business cycle. However, this result is … not robust to the use of different measures of remittances. The lack of a robust relationship between remittances and … Mexico's business cycle, suggests that the use of remittances to smooth cyclical fluctuations in output may not be a …