How Volatile and Unpredictable Are Aid Flows, and What Are the Policy Implications? /
This paper examines empirical evidence on the volatility and uncertainty of aid flows, and the main policy implications. Aid is found to be more volatile than fiscal revenues- particularly in highly aid-dependent countries-and mildly procyclical in relation to activity in the recipient country. Thes...
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| Médium: | Časopis |
| Jazyk: | English |
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Washington, D.C. :
International Monetary Fund,
2001.
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| Edice: | IMF Working Papers; Working Paper ;
No. 2001/167 |
| On-line přístup: | Full text available on IMF |