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. The role of Fed policy for remittances has not yet been studied. We estimate a series of panel local projections for …
Persistent link: https://www.econbiz.de/10012694427
Are financial cycles an international phenomenon, and, if so, how do financial cycles interact? This letter provides new evidence for the US and the UK. Considering the properties of the data in both the time and the frequency domains, we find a strong relation between the financial cycles of...
Persistent link: https://www.econbiz.de/10010529345
In recent times, a large number of studies has investigated the empirical properties of financial cycles within countries, mainly based on band-pass filter techniques. The contribution of this paper to the literature is twofold. First, in contrast to most existing studies in the financial cycle...
Persistent link: https://www.econbiz.de/10011710009
This paper proposes estimating causalities in bilateral international trade in simultaneous systems, including domestic and foreign GDP as well as mutual trade flows. Conventional macroeconomic theory mainly follows partial approaches like import functions or exportled growth. Focusing on the US...
Persistent link: https://www.econbiz.de/10003633581
Persistent link: https://www.econbiz.de/10011491099
, proxied by their respective unemployment rates, on the labor market of Colombian cities with high migration tradition. These … countries negatively affect the probability of receiving remittances and the amount received by Colombian households living in … areas with high and moderate migration tradition. In a second stage, we provide evidence that unemployment rates of those …
Persistent link: https://www.econbiz.de/10011417948
Persistent link: https://www.econbiz.de/10009708271
This paper poses and answers a number of critical questions about the relationship between migration and …) Are immigrants really more entrepreneurial than natives? (ii) Are migrant remittances likely to fund entrepreneurship in … the answers, (iv) Does migration matter for development? We conclude that one must avoid seeing migrants as super …
Persistent link: https://www.econbiz.de/10011619426
This paper reexamines the literature on the impact of migration on household members left behind at origin. The … empirical problem previous studies address is the self-selection of households into migration, i.e. the endogenous decision as …, 1994; Rubin, 1974). I show that the point-identification of the causal impact of migration requires strong behavioral …
Persistent link: https://www.econbiz.de/10011974338
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