This paper explores the effects of the recent interventions of the Bank of Japan on the level and volatility of the yen/dollar exchange rate. A special attention is devoted to the prominent features affecting the signal conveyed by these interventions. The results show a clear duality: small...

In this note, we first depict the structure of the foreign population (When did they come? From where? What about their skills?) and discuss its assimilation on the domestic labor market. Then we evaluate the demand for skilled immigration in the Belgian regions raised by domestic population...

In this paper, we model a developing economy in which individual decisions about education and migration are constrained by capital market imperfections (liquidity constraints). We examine the joint impact of brain drain and international remittances on human capital accumulation in the...