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...
| Publicado en: | Southern Economic Journal Vol. 83; no. 3; pp. 756 - 774 |
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| Formato: | Artículo |
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Wiley-Blackwell
Jan2017
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| Acceso en línea: | Ver este registro en EBSCOhost |