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.
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Articles in the same Issue
- Frontmatter
- Research Articles
- Women Who Stopped Working Due to Their Husband’s Opposition in Egypt
- The Influence of Anchoring and Overconfidence on Investment Decision-Making in the Saudi Stock Market: A Moderated Mediation Model
- How do Financial Development and Stability Shape Human Development?
- The Impact of Remittance Inflows on Inflation: The Case of Lebanon
Articles in the same Issue
- Frontmatter
- Research Articles
- Women Who Stopped Working Due to Their Husband’s Opposition in Egypt
- The Influence of Anchoring and Overconfidence on Investment Decision-Making in the Saudi Stock Market: A Moderated Mediation Model
- How do Financial Development and Stability Shape Human Development?
- The Impact of Remittance Inflows on Inflation: The Case of Lebanon