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Counterpart funding requirements and the foreign aid procyclicality puzzle
Pallage, Stéphane J.; Robe, Michel A. - In: Oxford review of economic policy 31 (2015) 3/4, pp. 462-480
Persistent link: https://www.econbiz.de/10011434678
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Gospodarka regionalna Polski wobec globalnego kryzysu gospodarczego
Strzelecki, Zbigniew (contributor) - 2011
Persistent link: https://www.econbiz.de/10009565086
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Counterpart Funding Requirements and the Foreign Aid Procyclicality Puzzle
Pallage, Stephane - 2016
Official development assistance is a key source of external finance in many developing countries. A striking feature of these aid flows is their positive correlation with business cycles in recipient countries. This pattern is puzzling in that it reinforces recipients' already strong and costly...
Persistent link: https://www.econbiz.de/10012999273
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Counterpart Funds and the Foreign Aid Procyclicality Puzzle
Pallage, Stephane - 2015
Official development assistance is a key source of external finance in many developing countries. A striking feature of these aid flows is their positive correlation with the business cycle of recipient countries. This pattern is puzzling in that it reinforces recipients' already strong and...
Persistent link: https://www.econbiz.de/10013030384
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Two crises, two ideas and one question
Laidler, David - 2012
Specific ideas about the Fisher relation between real and nominal interest rates and more general ideas about the nature of the central bank's duty to support the financial system in times of crisis were important to the Monetarist re-assessment of the causes of the Great Depression and what...
Persistent link: https://www.econbiz.de/10010291905
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Policy Risk and the Business Cycle
Born, Benjamin; Peifer, Johannes - 2011
The argument that policy risk, i.e. uncertainty about monetary and fiscal policy, has been holding back the economic recovery in the U.S. during the Great Recession has a large popular appeal. We analyze the role of policy risk in explaining business cycle fluctuations by using an estimated New...
Persistent link: https://www.econbiz.de/10010293363
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Strong exports and low interest rates drive Euroland's economy
Gern, Klaus-Jürgen; Meier, Carsten-Patrick; Scheide, … - 1999
In the fall of 1999, the recovery in Euroland is back on track. The turnaround was caused by the improvement in the world economy. After exports had been depressed in the past winter due to the weak demand in the crisis countries particularly in Asia, the impulses from abroad have picked up...
Persistent link: https://www.econbiz.de/10010294960
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Quo vadis, Euroland?
Döpke, Jörg; Gern, Klaus-Jürgen; Langfeldt, Enno; … - 1998
Stage Three of the European Monetary Union (EMU) will start on January 1, 1999. The new currency area, for which the name "Euroland" has been coined, will comprise 11 countries: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain. The...
Persistent link: https://www.econbiz.de/10010294965
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Auf dem Weg zum Euro - Szenarien für Zinsen, Wechselkurse und Konjunktur
Scheide, Joachim; Solveen, Ralph - 1997
Differenzen zwischen den nationalen Geldmarktzinsen können schon vor Beginn der einheitlichen Geldpolitik abgebaut werden, wenn … mehr und die Preiswirkungen der expansiveren Geldpolitik werden erst später in der Währungsunion auftreten und damit auf … alle Länder verteilt. Mit der insgesamt expansiveren Geldpolitik werden die europäischen Währungen gegenüber Drittwährungen …
Persistent link: https://www.econbiz.de/10010295066
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Euroland: New conditions for economic policy
Döpke, Jörg; Gern, Klaus-Jürgen; Gottschalk, Jan; … - 1998
The cyclical situation at the beginning of the European Monetary Union (EMU) is favorable: The upswing in Euroland has firmed, unemployment is going down, and inflation is low. However, economic growth outside the new currency area has weakened significantly during 1998, and fears are mounting...
Persistent link: https://www.econbiz.de/10010295088