Showing 1 - 10 of 514
We focus on the management of highly persistent shocks to aid flows, including HIPC or MDG-related increases in net flows, in the presence of currency substitution by the domestic private sector. Such shocks have beneficent long-run effects, but when currency substitution is high they can...
Persistent link: https://www.econbiz.de/10009441501
Persistent link: https://www.econbiz.de/10003324944
We examine the properties of alternative monetary policy rules in response to large aid surges in low-income countries characterized by incomplete capital market integration and currency substitution. Using a dynamic stochastic general equilibrium model, we show that simple monetary rules that...
Persistent link: https://www.econbiz.de/10003793493
Persistent link: https://www.econbiz.de/10003807299
Persistent link: https://www.econbiz.de/10003538840
Persistent link: https://www.econbiz.de/10009374418
Persistent link: https://www.econbiz.de/10009550589
Persistent link: https://www.econbiz.de/10009531335
Persistent link: https://www.econbiz.de/10002649515
Persistent link: https://www.econbiz.de/10009657271