Complutense University Library

Remittances and economic policy

Alonso González, Luís Alberto and Sovilla, Bruno (2012) Remittances and economic policy. [Working Paper or Technical Report] (Unpublished)

[img]
Preview
PDF
Available under License Creative Commons Attribution Non-commercial.

215kB

Official URL: http://eprints.ucm.es/16067/

View download statistics for this eprint

==>>> Export to other formats

Abstract

Remittances can have a contractive net impact on the recipient economy. In this case the effect of the sterilized intervention of the central bank in the foreign exchange market and/or the impact of stimulus policies on the autonomous demand prevent the contraction of GNP and foments the desired composition of the aggregate demand. In order to obtain this, the interrelations between these two instruments must be taken into account.

Resumen: Las remesas pueden tener un impacto neto contractivo sobre la economía receptora. En este caso la intervención esterilizada por parte del banco central en el mercado de divisas y/o las políticas de estimulo de la demanda autónoma previenen la contracción del PIB y
determinan la composición deseada de la demanda agregada. Para poderlo lograr, hay que tomar en cuenta la interrelación entre estos dos instrumentos.

Item Type:Working Paper or Technical Report
Additional Information:JEL classification codes: F24, F41.
Uncontrolled Keywords:Remittances, Dutch disease, Sterilized intervention, Supermultiplier, Remesas, Enfermedad holandesa, Intervención esterilizada, Supermultiplicador.
Subjects:Social sciences > Economics > Finance
Social sciences > Economics > Economic planning
Series Name:Documentos de Trabajo de la Facultad de Ciencias Económicas y Empresariales
Volume:2012
Number:02
ID Code:16067
References:

Blanchard, O.; Dell' Ariccia, G. y Mauro P. (2010). “Rethinking Macroeconomic Policy”, IMF Staff Position Note.

Bruno, M. y Sachs, J. (1982). “Energy and Resource Allocation: A Dynamic Model of the Dutch Disease”, The Review of Economic Studies, XLIX, pp.845-859.

Corden, W.M. (1984). “Booming Sector and Dutch Disease Economics: Survey and Consolidation”, Oxford Economic Papers 36, pp.359-380.

Corden, W.M. y Neary P. J. (1982). “Booming Sector and De-industialization in a Small Open Economy”, The Economic Journal 92, pp.825-848.

Keynes, J.M. (1929a). ”The German Transfer Problem”, The Economic Journal n.153 Vol. XXXIX, pp.1-7.

Keynes, J.M. (1929b). “A Rejoinder”, The Economic Journal, n.153 Vol. XXXIX, pp.179-182.

Keynes, J.M. (1929c). “A Reply by Mr. Keynes”, The Economic Journal, n.153 Vol. XXXIX, pp.404-408.

Krugman, P. (1987). “The Narrow Moving Band, the Dutch Disease, and the Competitive Consequences of Mrs. Thatcher”, Journal of Development Economics, 27 (1987), pp.41-55.

Ohlin, B. (1929a). “The Reparation Problem: a Discussion”, The Economic Journal n.153 Vol. XXXIX (pp.172-178).

Ohlin, B.(1929b). “A Rejoinder from Professor Ohlin”, The Economic Journal n.153 Vol. XXXIX (pp.400-404).

Van Wijnbergen, S. (1984a). “Inflation, Employment, and the Dutch Disease in Oil Exporting Countries: a Short Run Disequilibrium Analysis”, The Quarterly Journal of Economics, vol.XCIX n.2 pp.233-250.

Van Wijnbergen, S. (1984b). “The Dutch Disease: a Disease after All?” The Economic Journal, 94, pp.41-45.

Van Wijnbergen, S. y Neary, P. J. (1984). “Can Oil Discovery Lead to a Recession? A comment on Eastwood and Venables”, The Economic Journal, 94, pp.390-395.

Xiaolan, F. (2005). “Exports, Technical Progressand Productivity Growth in a Transition Economy: a non Parametric Approach for China”, Applied Economics n.37, pp.725-739.

Deposited On:25 Jul 2012 08:40
Last Modified:06 Feb 2014 10:37

Repository Staff Only: item control page