Welfare Gains of Aid Indexation in Small Open Economies /
Foreign aid flows to poor, aid-dependent economies are highly volatile and pro-cyclical. Shortfalls in aid coincide with shortfalls in GDP and government revenues. This increases the consumption volatility in aid dependent countries, thereby causing substantial welfare losses. This paper finds that...
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| Format: | Tidsskrift |
| Sprog: | English |
| Udgivet: |
Washington, D.C. :
International Monetary Fund,
2008.
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| Serier: | IMF Working Papers; Working Paper ;
No. 2008/101 |
| Online adgang: | Full text available on IMF |