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Remittances and economic policy

Author

Listed:
  • Luis Alberto Alonso González

    (Facultad de Ciencias Económicas y Empresariales. Universidad Complutense de Madrid.)

  • Bruno Sovilla

    (Universidad Autónoma de Chiapas)

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.

Suggested Citation

  • Luis Alberto Alonso González & Bruno Sovilla, 2012. "Remittances and economic policy," Documentos de trabajo de la Facultad de Ciencias Económicas y Empresariales 12-02, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales.
  • Handle: RePEc:ucm:doctra:12-02
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    File URL: https://eprints.ucm.es/id/eprint/16067/1/1202.pdf
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    More about this item

    Keywords

    Remesas; Intervención esterilizada; Supermultiplicador; Apreciación; Enfermedad Holandesa; Remittances; Dutch disease; Sterilized intervention; Supermultiplier.;
    All these keywords.

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