Remittances and economic policy

Luis Alberto Alonso González () and Bruno Sovilla ()
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Luis Alberto Alonso González: Facultad de Ciencias Económicas y Empresariales. Universidad Complutense de Madrid.
Bruno Sovilla: Universidad Autónoma de Chiapas

No 12-02, Documentos de trabajo de la Facultad de Ciencias Económicas y Empresariales from Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales

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.

Keywords: Remesas; Intervención esterilizada; Supermultiplicador; Apreciación; Enfermedad Holandesa; Remittances; Dutch disease; Sterilized intervention; Supermultiplier. (search for similar items in EconPapers)
Pages: 18 pages
Date: 2012
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