A theoretical discussion of the role of remittances in a small open economy real business cycle model

• Main Authors: Bocago, Charlene Marie L., Gonzales, Jimmie Grace M., Park, Seul Gi
• Format: text
• Language: English
• Published: Animo Repository 2013
• Subjects: Business cycles > Mathematical models; Emigrant remittances; Economic policy; Economics
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/11318
• Institution: De La Salle University

Remittances are a large source of external finance especially for developing countries. This paper theoretically explains the role of remittances in a small open economy. It presents an extension to the baseline Real Business Cycle model through the inclusion of financial sector as intermediaries of...