developed and the developing countries. Our analysis will evaluate how the presence of terms of trade adjust-rent and distorted … endogenous terms of trade adjustment, there are cases in which a competitive international banking system may not revitalize … appropriate conditionality, and the presence of endogenous terms of trade adjustment puts greater weight on investment …

This paper analyzes the role of investment policies in regimes undergoing trade liberalization with policy makers of …

This paper studies the impact of aid volatility in a two-period model where production may occur with either a … modern technology to be used. The possibility of a poverty trap induced by high aid volatility is first examined in a …-period contingency fund) financed through taxation. An increase in aid volatility is shown to raise the optimal contingency fund. But if …

the correlation between volatility and investment in a set of developing countries. We uncover a statistically significant … negative correlation between various volatility measures and private investment, even when adding the standard control …. Indeed, public investment spending is positively correlated with some measures of volatility. We also use the new World Bank …

This study uncovers a statistically significant negative correlation between volatility and private investment over the … volatility measures related to domestic policies or to external factors. As the various volatility measures tend to be positively … correlated, we do not claim to identify a unique measure as the dominant source of volatility. Instead, we demonstrate that for a …

is positively linked with better sustainable development outcomes. The association between fiscal consolidation and … growth as well as the sustainable development indicators, however, is not clear-cut. Jointly, more tax revenues and … expenditures, together with better governance help explain the association between economic growth and inclusive development. High …

will index the effective interest rate to the realization of the terms of trade will be beneficial in reducing the …

choice of technology on the volatility of the shocks affecting the economy, the …flexible wage/employment economy. The dependence of openness, investment, and real wages on the attltuae towards risk …openness in an intertemporal context in the presence of Institutional constraints In …

patterns; and possibly even export promotion, though this mercantilist use of reserves remains debatable due to possible … coordination issues. Countries following an export oriented growth strategy may end up with competitive hoarding, akin to …