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Remittances and economic policy

Authors: Luis Alberto Alonso González; Bruno Sovilla;

Remittances and economic policy

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.

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.

Related Organizations
Keywords

Remesas, Intervención esterilizada, Supermultiplicador, Apreciación, Enfermedad Holandesa, Remittances, Dutch disease, Sterilized intervention, Supermultiplier., Enfermedad holandesa, Planificación económica, 5307.09 Teoría de la Planificación Económica, Supermultiplier, Remesas, Dutch disease, Finanzas, Remittances, Supermultiplicador, Intervención esterilizada, Sterilized intervention, F24, F41

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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
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Average
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