Aid Volatility and Real Business Cycles in a Developing Open Economy.

This article analyzes the impact of the unpredictability of foreign aid on macroeconomic fluctuations in the recipient country. I build a small open-economy business cycle model that accounts for foreign aid shocks, with no preference shocks. The model is calibrated to reflect the structural empiric...

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Bibliographic Details

Published in:	Southern Economic Journal Vol. 83; no. 3; pp. 756 - 774
Main Author:	Houndonougbo, Ahiteme N.
Format:	Article
Published:	Wiley-Blackwell Jan2017
Subjects:	Macroeconomics Business cycles International economic assistance Free trade Market volatility
Online Access:	View this record in EBSCOhost