We examine the properties of alternative monetary policy rules in response to large aid surges in low-income countries characterized by incomplete capital market integration and currency substitution. Using a dynamic stochastic general equilibrium model, we show that simple monetary rules that...

"An examination of privatization from an economic perspective. The authors evaluate the effects of ownership transfer on economic performance and market structure in seven developing countries: Jamaica, Trinidad and Tobago, Malaysia, Papua New Guinea, Sri Lanka, Kenya, and Malawi"--Handbook of...