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Remittances, Inflation and Exchange Rate Regimes in Small Open Economies
Ball, Christopher P. - 2012
Remittances are private monetary transfers across borders and thus, often, involve different currencies. Yet the … foreign-currency remittances have on a recipient economy. This paper uses a theoretical model and panel vector autoregression … techniques to understand the effect of remittances on GDP, inflation, real exchange rate and money supply, depending on the …
Persistent link: https://www.econbiz.de/10012712768
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Monetary and exchange rate policy under remittance fluctuations
Mandelman, Federico S. - In: Journal of development economics 102 (2013), pp. 128-147
Persistent link: https://www.econbiz.de/10009764530
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Comparison of static and dynamic analyses on exchange rate regimes in East Asia
Yoshino, Naoyuki; Kaji, Sahoko; Asonuma, Tamon - 2015
This paper compares three methods of analyzing exchange rate regimes in East Asia: static analysis, conventional dynamic analysis, and dynamic transition analysis. First we provide quantitative results that both estimated parameters for Thailand and time intervals are applied symmetrically...
Persistent link: https://www.econbiz.de/10011283725
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Utility functions, fiscal shocks and the open economy : in the search of a positive consumption multiplier
Wegmueller, Philipp - 2014 - This version: October 3, 2014
This paper analyzes the dynamic effects of a fiscal policy shock and its transmission mechanism in a small open economy and compares the responses under different specifications of the utility function. The traditional Mundell-Flemming model tells that fiscal policy is more effective under a peg...
Persistent link: https://www.econbiz.de/10010414839
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Exports and the exchange rate : a general equilibrium perspective
Alexander, Patrick; Reza, Abeer - 2022 - Last updated: April 4, 2022
Understanding and predicting the evolution of exports after a change in the nominal exchange rate is of central importance in international economics. Most of the literature focuses on estimating this relationship by reduced form, with the aim of uncovering a single structural parameter, but...
Persistent link: https://www.econbiz.de/10013172465
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Monetary policy and redistribution in open economies
Guo, Xing; Ottonello, Pablo; Perez, Diego J. - 2022 - Last updated: February 7, 2022
This paper examines how monetary policy affects the asymmetric effects of globalization. We build an open-economy heterogeneous-agent New Keynesian model (HANK) in which households differ in their income, wealth, and real and financial integration with international markets. We use the model to...
Persistent link: https://www.econbiz.de/10012807759
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Monetary union, asymmetric productivity shocks and fiscal insurance : an analytic discussion of welfare issues
Kletzer, Kenneth - 1998
This paper addresses arguments that a system of fiscal insurance between member states of the European Union is needed to act in replacement of nominal exchange rate flexibility as an automatic stabilizer under monetary union. Many authors have argued or assumed that asymmetric real...
Persistent link: https://www.econbiz.de/10010515710
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Macroeconomic stabilization with a common currency : does European monetary unification create a need for fiscal insurance or federalism?
Kletzer, Kenneth - 1997
The implications of monetary unification for fiscal policies are discussed. The roles of nominal exchange rate flexibility in the presence of asymmetric national shocks and nominal price rigidities as an automatic stabilizer and source of disturbances to real economic performance are reviewed....
Persistent link: https://www.econbiz.de/10011536289
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Macroeconomic stabilization with a common currency : does European Monetary Unification create a need for fiscal insurance of federalism?
Kletzer, Kenneth - 1997
The implications of monetary unification for fiscal policies are discussed. The roles of nominal exchange rate flexibility in the presence of asymmetric national shocks and nominal price rigidities as an automatic stabilizer and source of disturbances to real economic performance are reviewed....
Persistent link: https://www.econbiz.de/10010514307
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Chapter 17 The Economics of Migrants' Remittances
Rapoport, Hillel; Docquier, Frédéric - In: Handbook of the economics of giving, altruism and …, (pp. 1135-1198). 2006
This chapter reviews the recent theoretical and empirical economic literature on migrants' remittances. It is divided … between a microeconomic section on the determinants of remittances and a macroeconomic section on their growth effects. At the … timing of remittances. The results from selected empirical studies show that a mixture of individualistic (e.g., altruism …
Persistent link: https://www.econbiz.de/10014023661