Welfare Gains of Aid Indexation in Small Open Economies /

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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Bibliografiske detaljer
Hovedforfatter:	Dhasmana, Anubha
Format:	Tidsskrift
Sprog:	English
Udgivet:	Washington, D.C. : International Monetary Fund, 2008.
Serier:	IMF Working Papers; Working Paper ; No. 2008/101
Online adgang:	Full text available on IMF

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