access to financial markets and test whether remittances are countercyclical and serve as an insurance mechanism against … secular increase in the trend growth of remittances and random cyclical fluctuations around this trend. In a purely … households facing an increasing trend for remittances. A flexible floating regime is preferred when unanticipated shocks driving …

to financial markets and test whether remittances are countercyclical and serve as an insurance mechanism against … secular increase in the trend growth of remittances and random cyclical fluctuations around this trend. In a purely … households facing an increasing trend for remittances. A flexible floating regime is preferred when unanticipated shocks driving …

country into stagnation. We also find that immigrants' remittances are harmful to the host country under full employment but …

The sending of remittances is a decentralised decision of migrant workers, nevertheless it has its macroeconomic …% for Tajikistan (38%) for Haiti (-13%). Subsequently, we explore why the extent of risk sharing through remittances is so … risk sharing via remittances: the more diverse the migration destinations of a country, higher will be the amount of risk …

country into stagnation. We also find that immigrants' remittances are harmful to the host country under full employment but …

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 …

This paper adds international migration and remittances into the IMF's Flexible System of Global Models (FSGM). FSGM is … dynamics of major remitter regions is proposed. The dynamics of remittances and migration in FSGM are calibrated to be …

-country business cycle model of labor migration and remittances. The model matches the cyclical dynamics of unskilled migration and … documents the insurance role of remittances in consumption smoothing. Over the cycle, immigration increases with the expected … stock of immigrant labor, enhancing the volatility of unskilled wages and remittances. Changes in border enforcement have …

The sending of remittances is a decentralised decision of migrant workers, nevertheless it has its macroeconomic …% for Tajikistan (38%) for Haiti (-13%). Subsequently, we explore why the extent of risk sharing through remittances is so … risk sharing via remittances: the more diverse the migration destinations of a country, higher will be the amount of risk …

This paper investigates the impact of workers’ remittances on equilibrium real exchange rates (ERER) in recipient … remittances; the share of consumption in tradables; and the sensitivity of a country’s risk premium to remittance flows. Panel …