durable from nondurable expenditures. We adopt a theoretical partial equilibrium framework to justify the identification …

Workers' remittances have become the second largest source of net financial flows to developing countries. However, the … main motives for sending remittances remain controversial. This paper examines the importance of altruistic versus … investment motive. Finally, migrants' skills raise remittances, while a large informal economy in the sending country depresses …

sentiment and consumption expenditures for the United States and the euro area. It shows under which circumstances confidence …. In particular, out-of-sample evidence shows that the contribution of confidence in explaining consumption expenditures …