Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/168137
Authors: 
Machasio, Immaculate
Tillmann, Peter
Year of Publication: 
2017
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2017: Alternative Geld- und Finanzarchitekturen - Session: International Trade and Trade Reforms II B15-V3
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.
JEL: 
E52
Document Type: 
Conference Paper

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