This thesis consists of four essays on the political economy of foreign aid. These essays cover issues related to the allocation, the timing, and the economic consequences of foreign aid for recipient countries. Chapters 1 and 3 consider the allocation of official development assistance across...

This paper investigates the macroeconomic challenges created by a surge in aid inflows. It develops an analytical framework for examining possible policy responses to increased aid, in terms of absorption and spending of aid - where the central bank controls absorption through monetary policy...