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dc.contributor.authorMachasio, Immaculate
dc.contributor.authorTillmann, Peter
dc.date.accessioned2023-12-11T12:09:26Z
dc.date.available2023-12-11T12:09:26Z
dc.date.issued2023
dc.identifier.urihttps://jlupub.ub.uni-giessen.de//handle/jlupub/18801
dc.identifier.urihttp://dx.doi.org/10.22029/jlupub-18165
dc.description.abstractRemittance inflows are driven by macroeconomic conditions in the home and the host economies, respectively. In this paper, we study the effect of US monetary policy on remittance flows into economies in Latin American and the Caribbean. The role of Fed policy for remittances has not yet been studied. We estimate a series of panel local projections for remittance inflows into eight countries. A surprise change in US monetary conditions has a strong and highly significant negative effect on inflows. Our finding remains robust if we change the sample period or include additional variables. Hence, our paper establishes a remittance-channel through which the Fed affects the business cycle abroad.
dc.language.isoen
dc.rightsNamensnennung 4.0 International
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/
dc.subject.ddcddc:330
dc.titleRemittance flows and US monetary policy
dc.typearticle
local.affiliationFB 02 - Wirtschaftswissenschaften
local.source.spage545
local.source.epage561
local.source.journaltitleReview of world economics
local.source.volume159
local.source.urihttps://doi.org/10.1007/s10290-022-00478-x


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