Hidden Bibliographic Details
| Other authors / contributors: | Berg, Andrew, author.
International Monetary Fund. Research Department, issuing body.
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| ISBN: | 9781455250554
1455250554
1282846329
9781282846326
1462347665
9781462347667
9786612846328
6612846321
145520143X
9781455201433
1455289795
9781455289790
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| Notes: | Includes bibliographical references.
English.
Print version record.
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| Summary: | We develop a model to analyze the macroeconomic effects of a scaling-up of aid and assess the implications of different policy responses. The model features key structural characteristics of low-income countries, including varying degrees of public investment efficiency and a learning-by-doing (LBD) externality that captures Dutch disease effects. On the policy front, it distinguishes between spending the aid, which is controlled by the fiscal authority, and absorbing the aid - financing a higher current account deficit - which is influenced by the central bank''s reserve accumulation policies.
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