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Beware of Emigrants Bearing Gifts
			: Optimal Fiscal and Monetary Policy in the Presence of Remittances

Beware of Emigrants Bearing Gifts : Optimal Fiscal and Monetary Policy in the Presence of Remittances »

Volume/Issue: 2006/61

Series: IMF Working Papers

Author(s): Michael Gapen , Thomas Cosimano , and Ralph Chami

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2006

DOI: http://dx.doi.org/10.5089/9781451863215.001

ISBN: 9781451863215

Keywords: Ramsey policies, optimal monetary policy, remittance, money growth, inflation, Financial Markets and the Macroeconomy, International Factor Movements And International Business,

This paper uses a stochastic dynamic general equilibrium model to investigate the influence of countercyclical remittances on the conduct of fiscal and monetary policy and trace their effects on real and nominal va...

Migration and Foreign Remittances in the Philippines

Migration and Foreign Remittances in the Philippines »

Volume/Issue: 2005/111

Series: IMF Working Papers

Author(s): Robert Burgess , and V. Haksar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2005

DOI: http://dx.doi.org/10.5089/9781451861303.001

ISBN: 9781451861303

Keywords: growth, stabilization, remittance, remittance flows, equation, International Factor Movements and International Business: General, Household Behavior, International Factor Movements and International Business,

International migration and large remittance flows have been prominent features of the Philippine economy for many decades. This paper describes the evolving pattern of migration and remittance flows and analyzes s...

Migration and Foreign Remittances in the Philippines

Migration and Foreign Remittances in the Philippines »

Source: Migration and Foreign Remittances in the Philippines

Volume/Issue: 2005/111

Series: IMF Working Papers

Author(s): Robert Burgess , and V. Haksar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2005

ISBN: 9781451861303

Keywords: growth, stabilization, remittance, remittance flows, equation, International Factor Movements and International Business: General, Household Behavior, International Factor Movements and International Business,

International migration and large remittance flows have been prominent features of the Philippine economy for many decades. This paper describes the evolving pattern of migration and remittance flows and analyzes s...