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Alonso González, Luís Alberto and Sovilla, Bruno (2012) Remittances and economic policy. [ Documentos de Trabajo de la Facultad de Ciencias Económicas y Empresariales; nº 02, 2012, ] (Unpublished)
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Official URL: http://eprints.ucm.es/16067/
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 (otros idiomas)
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 |
| Deposited On: | 25 Jul 2012 08:40 |
| Last Modified: | 08 Jan 2016 11:06 |
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