Migrants’ remittances are an important financial flow to their country of origin. Remittances sent by migrants reduce the level and severity of poverty in developing countries. Householders use this money received from migrants for their private consumption and their investments. This paper...

This paper examines how the composition of tax revenues affects monetary and fiscal policy interactions. To do so, we consider an environment where households' wages and interest income as well as firms' profits are taxed. To implement policy, the government follows a Taylor rule and a fiscal...

This paper examines how changes in the composition of tax revenues affect monetary and fiscal policy interactions. We do so in an environment where households’ wages and interest income as well as firms’ profits are taxed. As in other non Ricardian economies, government debt becomes relevant...