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Budget Support Versus Project Aid
Cordella, Tito; Dell'Ariccia, Giovanni - 2021
be subject to conditionality. We show that budget support is preferable to project aid when donors and recipients …
Persistent link: https://www.econbiz.de/10013212319
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The Macroeconomic Returns of Investment in Resilience to Natural Disasters Under Climate Change : A DSGE Approach
Corugedo, Emilio Fernández; Gonzalez Gomez, Andres; … - 2023
This paper presents a Markov switching dynamic stochastic general equilibrium model designed to evaluate the macroeconomic return of adaptation investment to natural disasters (NDs) and the impact of climate change. While the model follows the existing literature in assuming that NDs destroy a...
Persistent link: https://www.econbiz.de/10014353544
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Macroeconomic Outcomes in Disaster-Prone Countries
Cantelmo, Alessandro - 2019
Using a dynamic stochastic general equilibrium model, we study the channels through which natural disaster shocks affect macroeconomic outcomes and welfare in disaster-prone countries. We solve the model using Taylor projection, a solution method that is shown to deal effectively with...
Persistent link: https://www.econbiz.de/10012859852
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Building Resilience to Natural Disasters : An Application to Small Developing States
Marto, Ricardo - 2017
We present a dynamic small open economy model to explore the macroeconomic impact ofnatural disasters. In addition to permanent damages to public and private capital, the disastercauses temporary losses of productivity, inefficiencies during the reconstruction process, anddamages to the...
Persistent link: https://www.econbiz.de/10012942348
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Exchange Rate Policy and the Management of Official and Private Capital Flows in Africa
Buffie, Edward F. - 2006
We focus on the management of highly persistent shocks to aid flows, including PRSP-related increases in net inflows, in three quot;post-stabilization.quot; African economies with de jure flexible exchange rates. Such shocks have beneficent long-run effects, but when currency substitution is...
Persistent link: https://www.econbiz.de/10012783069
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Growth and Convergence in WAEMU Countries
Wane, Abdoul Aziz - 2006
This paper investigates convergence and dynamic effects of human and physical capital on growth, in WAEMU countries. Using recently developed models for panel data and a growth accounting model, the study finds that growth is largely explained by changes in literacy rates and factor...
Persistent link: https://www.econbiz.de/10012783084
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Aid and Fiscal Management
Bulíř, Aleš - 2006
This paper focuses on the macroeconomic aspects of fiscal management in aid-receiving countries. Despite the declining share of aid in budgets of donor countries, aid continues to play an important role in many developing countries. The paper first discusses the implications of aid in the...
Persistent link: https://www.econbiz.de/10012783405
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Does Conditionality Mitigate the Potential Negative Effect of Aid on Revenues?
Crivelli, Ernesto - 2016
This paper assesses whether conditionality in IMF-supported programs has helped offset the potential negative effect of …-income countries - shows that growing use of revenue conditionality by low-income countries partially offsets the depressing effect of … foreign grants on tax revenue, particularly on taxes on goods and services. The impact of conditionality is strong in …
Persistent link: https://www.econbiz.de/10012977821
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Managing Reductions in Aid Inflows : Assessing Policy Choices in Haiti
Moldovan, Ioana - 2018
A low-income country such as Haiti that confronts an environment of diminishing aidinflows must assess tradeoffs among the available policy options: spending cuts,monetization, sales of debt, or use of foreign reserves. To provide the analytical tools forthis task, the paper draws from a set of...
Persistent link: https://www.econbiz.de/10012909421
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IMF Programs and Financial Flows to Offshore Centers
Aiyar, Shekhar S.; Patnam, Manasa - 2022
type and conditionality of the IMF program, as well as the amount of lending, none of the effects are found to be positive …
Persistent link: https://www.econbiz.de/10013300841