Conference paper

Publication year: 2017

URL: https://hdl.handle.net/10419/168137

Conference: Jahrestagung des Vereins für Socialpolitik 2017: Alternative Geld- und Finanzarchitekturen

Abstract: 

Remittance inflows from overseas workers are an important source of foreign funding for developing and emerging economies. This paper estimates nonlinear (smooth-transition) local projections to study the effectiveness of monetary policy under different remittance inflows regimes. We show that for Kenya, Mexico, Colombia and the Philippines monetary policy has a smaller effect under strong inflows of remittances.

Harvard Citation style: Machasio, I. and Tillmann, P. (2017) Remittance Inflows and State-Dependent Monetary Policy Transmission in Developing Countries, Jahrestagung des Vereins für Socialpolitik 2017: Alternative Geld- und Finanzarchitekturen, Wien, 3. bis 6. September 2017. https://hdl.handle.net/10419/168137

APA Citation style: Machasio, I., & Tillmann, P. (2017, 3. bis 6. September 2017). Remittance Inflows and State-Dependent Monetary Policy Transmission in Developing Countries. Jahrestagung des Vereins für Socialpolitik 2017: Alternative Geld- und Finanzarchitekturen, Wien. https://hdl.handle.net/10419/168137