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Steinberg, Chad; Nakane, Masato - International Monetary Fund (IMF) - 2012

Japan's potential growth rate is steadily falling with the aging of its population. This paper explores the extent to …

Persistent link: https://www.econbiz.de/10011142154

Shock from Graying; Is the Demographic Shift Weakening Monetary Policy Effectiveness

Imam, Patrick A. - International Monetary Fund (IMF) - 2013

Abstract Empirical evidence is mounting that, in advanced economies, changes in monetary policy have a more benign impact on the economy—given better anchored inflation expectations and inflation being less responsive to variation in unemployment—compared to the past. We examine another...

Persistent link: https://www.econbiz.de/10011242214

Remittances Channel and Fiscal Impact in the Middle East, North Africa, and Central Asia

Abdih, Yasser; Chami, Ralph; Ebeke, Christian; Barajas, … - International Monetary Fund (IMF) - 2012

This paper identifies a remittances channel that transmits exogenous shocks, such as business cycles in remittance-sending countries, to the public finances of remittance-receiving countries. Using panel data for remittance-receiving countries in the Middle East, North Africa, and Central Asia,...

Persistent link: https://www.econbiz.de/10011142083

Remittances and Vulnerability in Developing Countries

Bettin, Giulia; Presbitero, Andrea; Spatafora, Nicola - International Monetary Fund (IMF) - 2014

This paper examines how international remittances are affected by structural characteristics, macroeconomic conditions, and adverse shocks in both source and recipient economies. We exploit a novel, rich panel data set, covering bilateral remittances from 103 Italian provinces to 107 developing...

Persistent link: https://www.econbiz.de/10011142103

Workersâ€™ Remittances; An Overlooked Channel of International Business Cycle Transmission?

Barajas, Adolfo; Chami, Ralph; Ebeke, Christian; … - International Monetary Fund (IMF) - 2012

This paper shows that remittance flows significantly increase the business cycle synchronization between remittance-recipient countries and the rest of the world. Using both aggregate and bilateral remittances data in a panel data setting, the study demonstrates that this effect is robust and...

Persistent link: https://www.econbiz.de/10011242272

Regional Labor Market Adjustments in the United States and Europe

Dao, Mai; Furceri, Davide; Loungani, Prakash - International Monetary Fund (IMF) - 2014

estimate the dynamic response of regional employment, unemployment, participation rates and net migration to state … decreased over time, suggesting less overall net migration in response to a regional shock, (ii) the role of the participation … rate as absorber of regional shocks has increased, (iii) the response of net migration to regional shocks is stronger …

Persistent link: https://www.econbiz.de/10010790322

Do Remittances Reduce Aid Dependency?

Goff, Maelan Le; Kpodar, Kangni - International Monetary Fund (IMF) - 2011

Aid has been for decades an important source of financing for developing countries, but more recently remittance flows have increased rapidly and are beginning to dwarf aid flows. This paper investigates how remittances affect aid flows, and how this relationship varies depending on the channel...

Persistent link: https://www.econbiz.de/10009369450

Remittances; An Automatic Output Stabilizer?

Hakura, Dalia; Chami, Ralph; Montiel, Peter - International Monetary Fund (IMF) - 2009

Remittance flows appear to be falling worldwide for the first time in decades as a result of the ongoing financial turmoil. It is suspected that the drop in remittance income into developing and emerging markets will have a destabilizing effect on these economies. The paper estimates the impact...

Persistent link: https://www.econbiz.de/10004999978

A Gravity Model of Workers' Remittances

Lueth, Erik; Ruiz-Arranz, Marta - International Monetary Fund (IMF) - 2006

This paper creates the first dataset of bilateral remittance flows for a limited set of developing countries and estimates a gravity model for workers' remittances. We find that most of the variation in bilateral remittance flows can be explained by a few gravity variables. The evidence on the...

Persistent link: https://www.econbiz.de/10005768761

Can the Eastern Caribbean Currency Union Afford to Grow Old?

Monroe, Hunter K. - International Monetary Fund (IMF) - 2009

The demographic transition in the Eastern Caribbean Currency Union (ECCU) now underway is rapid compared with international experience, and emigration is playing a particularly large role. This paper describes and quantifies several factors which could magnify the challenge of pension reform....

Persistent link: https://www.econbiz.de/10005768869