Resumo

SOVILLA, Bruno. International remittances: an economic stabilizer or a fiscal policy super multiplier?. Inv. Econ [online]. 2021, vol.80, n.315, pp.107-124.  Epub 06-Ago-2021. ISSN 0185-1667.  https://doi.org/10.22201/fe.01851667p.2021.315.77445.

In this paper the impact of remittances on a recipient economy’s supply and demand sides is analyzed considering a static model with flexible prices. It is shown that remittances affect both the effectiveness of economic policies and their multipliers. This effect is also shown to depend on the degree of Central Bank intervention in the foreign exchange market. This allows us to define different macroeconomic scenarios, each with different economic policy implications.

Palavras-chave : Automatic stabilizer; super-multiplier; potential production.

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