The literature on remittances has in the past concentrated on the microeconomic aspects of the remittance process: the … determinants of remittances, impact of remittances on household allocation decisions, and their impact on poverty. Only recently … has there been more attention on the macroeconomic impact of remittances. It is to be expected that, when remittance …

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 …

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