The purpose of this paper is to examine how important an improvement in global monetary policy might be for the macroeconomic performance of a small open economy such as the United Kingdom. Our paper contributes to the literature by proposing a new methodology to treat indeterminate solutions...

The seven years since the "New Labour" government of Tony Blair won power in Britain has seen a dramatic change in British aid policy under the stewardship of Clare Short as Secretary of State for International Development. The transformation from the Overseas Development Administration to the...

This paper demonstrates that an empirical link between aid and trade exist (for some donor-recipient pairs), but that the nature of this linkage is complex and can take a variety of forms. By identifying this complexity (and variability) we challenge the assertion, often made in debates...