Insertando las remesas en un modelo keynesiano, analizamos su impacto sobre la demanda agregada y la renta de equilibrio, demostrando que la composición de esta varía porque se produce un aumento del consumo y una contracción del sector exterior, y que su valor total se reduce por el valor de...

Remittances can have a contractive net impact on the recipient economy. In this case the effect of the sterilized intervention of the central bank in the foreign exchange market and/or the impact of stimulus policies on the autonomous demand prevent the contraction of GNP and foments the desired...

In this work we construct a Kaleckian model for analyzing the impacts of remittances upon economies of receiving countries. The arrival of remittances has two harmful effects: contraction of income, and the so-called Dutch Disease (DD). We use our model to formulate an economic policy with two...

This article analyzes the effect of remittances on aggregate demand and equilibrium income within a Keynesian model. Our analysis demonstrates that the composition of aggregate demand varies because remittances produce an increase in consumption and a contraction in the external sector. The...

Resumen Hace más de 2 décadas en México se empezó a dar un cambio radical en el modelo económico. La economía mexicana, que se había caracterizado en la década de los 70 por un bajo grado de apertura, se convirtió entre los años 80 y 90 en una de las economías más abiertas de la...

This article analyzes the effect of remittances on aggregate demand and equilibrium income within a Keynesian model. Our analysis demonstrates that the composition of aggregate demand varies because remittances produce an increase in consumption and a contraction in the external sector. The...