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has been delivered in the past five years. If anything, aid volatility has worsened somewhat and the information value of … long-term lending commitments has declined. We take these results to mean that the main causes of the volatility and …
Persistent link: https://www.econbiz.de/10014402395
with shortfalls in GDP and government revenues. This increases the consumption volatility in aid dependent countries … volatility. Compared to the benchmark specification with stochastic aid flows, indexation of aid flows to terms of trade shocks …
Persistent link: https://www.econbiz.de/10014401639
: its volatility and Dutch disease. We present evidence that aid volatility augments trade balance volatility and that …
Persistent link: https://www.econbiz.de/10014401877
This paper employs a meta-regression analysis of 473 estimates from 15 studies to take stock of the empirical literature on Chinese aid effectiveness. After accommodating publication selection bias, we find that, on average, Beijing's foreign assistance has had a positive impact on economic and...
Persistent link: https://www.econbiz.de/10013170075
, and volatility in the remittance-sending country …
Persistent link: https://www.econbiz.de/10012252729
volatility. The paper provides an overview of the recent developments in the conventional debt market. It builds an empirical two … that nonresident flows are behind the observed exchange rate volatility. The results suggest that the public debt market in … Malaysia responds adequately to both pull and push factors and find no firm evidence that nonresident flows cause volatility in …
Persistent link: https://www.econbiz.de/10012001596
Persistent link: https://www.econbiz.de/10009572438
Persistent link: https://www.econbiz.de/10009620973
This paper shows that donors that maximize relative aid impact spread their budgets across many recipient countries in a unique Nash equilibrium, explaining aid fragmentation. This equilibrium may be inefficient even without fixed costs, and the inefficiency increases in the equality of donors'...
Persistent link: https://www.econbiz.de/10009621658
Despite the voluminous literature on fiscal policy, very few papers focus on low-income countries (LICs). This paper develops a new-Keynesian small open economy model to show, analytically and through simulations, that some of the prevalent features of LICs-different types of financing including...
Persistent link: https://www.econbiz.de/10011445535