How Volatile and Unpredictable Are Aid Flows, and What Are the Policy Implications?:
This paper examines empirical evidence on the volatility and uncertainty of aid flows, and the main policy implications. Aid is found to be more volatile than fiscal revenues- particularly in highly aid-dependent countries-and mildly procyclical in relation to activity in the recipient country. Thes...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2001
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 01/167 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 URL des Erstveröffentlichers |
| Zusammenfassung: | This paper examines empirical evidence on the volatility and uncertainty of aid flows, and the main policy implications. Aid is found to be more volatile than fiscal revenues- particularly in highly aid-dependent countries-and mildly procyclical in relation to activity in the recipient country. These findings imply that the current pattern of aid disbursements is welfare-reducing. We also find that uncertainty about aid disbursements is large and that the information content of commitments made by donors is either very small or statistically insignificant. Policies to cope with these features of aid, as well as broader international efforts to reduce the volatility and procyclicality of aid, are briefly discussed |
| Beschreibung: | 1 Online-Ressource (38 p) |
| ISBN: | 1451858183 9781451858181 |
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| index_date | 2024-07-03T20:13:24Z |
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| spelling | Hamann, A. Javier Verfasser aut How Volatile and Unpredictable Are Aid Flows, and What Are the Policy Implications? Hamann, A. Javier Washington, D.C International Monetary Fund 2001 1 Online-Ressource (38 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 01/167 This paper examines empirical evidence on the volatility and uncertainty of aid flows, and the main policy implications. Aid is found to be more volatile than fiscal revenues- particularly in highly aid-dependent countries-and mildly procyclical in relation to activity in the recipient country. These findings imply that the current pattern of aid disbursements is welfare-reducing. We also find that uncertainty about aid disbursements is large and that the information content of commitments made by donors is either very small or statistically insignificant. Policies to cope with these features of aid, as well as broader international efforts to reduce the volatility and procyclicality of aid, are briefly discussed Online-Ausg Bulir, Ales Sonstige oth http://elibrary.imf.org/view/IMF001/03175-9781451858181/03175-9781451858181/03175-9781451858181.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Hamann, A. Javier How Volatile and Unpredictable Are Aid Flows, and What Are the Policy Implications? |
| title | How Volatile and Unpredictable Are Aid Flows, and What Are the Policy Implications? |
| title_auth | How Volatile and Unpredictable Are Aid Flows, and What Are the Policy Implications? |
| title_exact_search | How Volatile and Unpredictable Are Aid Flows, and What Are the Policy Implications? |
| title_exact_search_txtP | How Volatile and Unpredictable Are Aid Flows, and What Are the Policy Implications? |
| title_full | How Volatile and Unpredictable Are Aid Flows, and What Are the Policy Implications? Hamann, A. Javier |
| title_fullStr | How Volatile and Unpredictable Are Aid Flows, and What Are the Policy Implications? Hamann, A. Javier |
| title_full_unstemmed | How Volatile and Unpredictable Are Aid Flows, and What Are the Policy Implications? Hamann, A. Javier |
| title_short | How Volatile and Unpredictable Are Aid Flows, and What Are the Policy Implications? |
| title_sort | how volatile and unpredictable are aid flows and what are the policy implications |
| url | http://elibrary.imf.org/view/IMF001/03175-9781451858181/03175-9781451858181/03175-9781451858181.xml |
| work_keys_str_mv | AT hamannajavier howvolatileandunpredictableareaidflowsandwhatarethepolicyimplications AT bulirales howvolatileandunpredictableareaidflowsandwhatarethepolicyimplications |