Chauvet, Lisa; Guillaumont, Patrick - 2008
destabilizing. We measure aid volatility by several methods and assess procyclicality of aid with respect to exports, thus departing …. The stabilizing/destabilizing nature of aid is measured by the difference in the volatility of exports and the volatility … of the aid plus exports flows. Then, in order to take into account the diversity of shocks to which aid can respond, we …