The Short-Run Macroeconomics of Aid Inflows : Understanding the Interaction of Fiscal and Reserve Policy

Understanding the Interaction of Fiscal and Reserve Policy

The Short-Run Macroeconomics of Aid Inflows : Understanding the Interaction of Fiscal and Reserve Policy
We develop a tractable open-economy new-Keynesian model with two sectors to analyze the short-term effects of aid-financed fiscal expansions. We distinguish between spending the aid, which is under the control of the fiscal authorities, and absorbing the aid-using the aid to finance a higher current account deficit-which is influenced by the READ MORE...

Publication date: March 2010
ISBN 9781451982091
$18.00

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