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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
economies. The literature is in- conclusive about the cyclical nature of remittance inflows. To the extent remittances are … remittances increase strongly. The same is true for a policy easing under exceptionally weak remittance inflows. This paper … remittances. These results have important implications for the design of inflation targeting in developing countries. …
Persistent link: https://www.econbiz.de/10011552526
Migrants’ remittances are an important financial flow to their country of origin. Remittances sent by migrants reduce … private consumption and their investments. This paper aims to analyse the impact of remittances on economic growth, private … countries collected for the period between 1989 and 2015. Using a panel data set , our results show that migrants’ remittances …
Persistent link: https://www.econbiz.de/10011793525
Objective: Remittances are a vital component of liquidity flows in Bangladesh. This paper evaluates the role of … monetary policy in enhancing remittances for economic growth.Methodology: The vector autoregressive methodology is applied with …-integration.Major Findings: Preliminary evidence shows that domestic economic prosperity increases remittances to Bangladesh; while exchange rate …
Persistent link: https://www.econbiz.de/10013021062
This article studies the response of Mexico’s monetary policy to inflows of workers’ remittances. Previous studies have … shown that remittances can have an impact on several macroeconomic variables of the receiving country (e.g. exchange rate …, inflation and output, among others). Mexico has the largest inflow of remittances in Latin America and the second largest inflow …
Persistent link: https://www.econbiz.de/10011213240
An immigration shock has an ambiguous effect on inflation. On one hand, aggregate consumption increases with a suddenly larger population; this “demand channel” creates inflationary pressures. On the other hand, the labor market becomes more slack as immigrants search for jobs, containing...
Persistent link: https://www.econbiz.de/10012834823
Over millennia, mankind has used hard cash in various forms ranging from shells to gold coins and paper. More recently, cash has become unpopular in political circles, as it effectively restricts states’ power to tax (explicitly or via negative interest rates) or to survey and potentially...
Persistent link: https://www.econbiz.de/10011548098
Persistent link: https://www.econbiz.de/10011491099
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 …
Persistent link: https://www.econbiz.de/10010472482
Persistent link: https://www.econbiz.de/10012654656