Aid volatility and Dutch disease : is there a role for macroeconomic policies? /

This paper studies how macroeconomic policies can help offset two unintended and undesirable features of foreign aid: its volatility and Dutch disease. We present evidence that aid volatility augments trade balance volatility and that foreign aid, with the important exception of years of adverse sho...

Description complète

Détails bibliographiques
Cote:Libro Electrónico
Auteurs principaux: Prati, Alessandro, 1961- (Auteur), Tressel, Thierry (Auteur)
Collectivité auteur: International Monetary Fund. Research Department
Format: Électronique eBook
Langue:Inglés
Publié: Washington, D.C. : International Monetary Fund, Research Dept., ©2006.
Collection:IMF working paper ; WP/06/145.
Sujets:
Economic assistance > Econometric models.
Economic policy > Econometric models.
Aide économique > Modèles économétriques.
Politique économique > Modèles économétriques.
Economic assistance > Econometric models
Economic policy > Econometric models
Accès en ligne:Texto completo
Table des matières:
  • Contents
  • I. INTRODUCTION
  • II. THE MODEL
  • III. PARTIAL AND GENERAL EQUILIBRIUM EFFECTS OF FOREIGN AID AND MACROECONOMIC POLICY
  • IV. THE OPTIMAL TIMING OF AID AND MACROECONOMIC POLICY
  • V. THE EFFECTIVENESS OF MACROECONOMIC POLICIES IN AID-RECEIVING COUNTRIES
  • VI. CONCLUSIONS
  • Appendix I. Solution Strategy
  • Appendix II-a. Managed Float Regimes
  • Appendix II-b. General Equilibrium Effect of Front-Loading Aid with LBD Externalities
  • Appendix III. Pseudo First Stage of System GMM Panel Regressions
  • REFERENCES

Documents similaires