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- Title
The Impact of Remittance Inflows on Inflation: The Case of Lebanon.
- Authors
Kassab, Sara
- Abstract
This paper investigates the impact of workers' remittance inflows on inflation in Lebanon. The data used is monthly data spanning the period from December 2007 to May 2019. I estimate a structural vector autoregressive model using 24 monthly lags and find that a one-time remittance growth shock leads to a statistically significant increase in the inflation rate in the short run in Lebanon. Also, the results show that a remittance growth shock makes a considerable contribution to the forecast error variance for the inflation rate in Lebanon.
- Subjects
LEBANON; REMITTANCES; AUTOREGRESSIVE models; PRICE inflation
- Publication
Review of Middle East Economics & Finance, 2024, Vol 20, Issue 1, p113
- ISSN
1475-3685
- Publication type
Article
- DOI
10.1515/rmeef-2024-0006