remittances on the conduct of fiscal and monetary policy and trace their effects on real and nominal variables in a business cycle … setting. We show that remittances raise disposable income and consumption, and insure against income shocks, thereby raising … household welfare. However, remittances increase the correlation between labor and output, thereby producing a more volatile …

potential motives behind workers' remittances. It shows that the level of workers' remittances depends on how great are their …. The model is applied to Morocco using co-integration techniques. The paper then discusses the stability of remittances in …

The paper seeks to assess the macroeconomic implications of large-scale inward remittances for a small open economy. By … including remittances in several standard models, the paper concludes that the overall macroeconomic impact of remittances is … problems associated with remittances preclude crosscountry empirical investigation, the paper illustrates these findings with …

Remittances to India have been growing rapidly since 1991, making it one of the largest recipients of remittances. This … paper analyzes the determinants of remittances to India and finds that their growth over time can be explained by the … increase in migration and total earnings of the migrants. Remittances are also affected by the economic environment in source …

This paper assesses the impact of the steadily growing remittance flows to sub-Saharan Africa (SSA). Though the region … receives only a small portion of the total recorded remittances to developing countries, and the volume of aid flows to SSA … swamps remittances, this paper finds that remittances, which are a stable, private transfer, have a direct poverty mitigating …

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 of transmission from remittances to aid. Buoyant remittances could …

The flow of workers' remittances to Pakistan has more than quadrupled in the last eight years and it shows no sign of … Pakistani workers. This paper analyses the forces that have driven remittance flows to Pakistan in recent years. The main … conclusions are: (i) the growth in the inflow of workers' remittances to Pakistan is in large part due to an increase in worker …

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, three types of results emerge. First, remittances appear to be strongly …

This paper explores the role of foreign aid and remittance inflows in the mitigation of the effects of food price … shocks. Using a large sample of developing countries and mobilising dynamic panel data specifications, the econometric … results yield two important findings. First, remittance and aid inflows significantly dampen the effect of food price shocks …