The Macroeconomics of Scaling Up Aid [electronic resource] : Lessons from Recent Experience, Berg, Andrew.

Berg, Andrew.
Washington, D.C. : International Monetary Fund, 2007.
IMF eLibrary
Occasional Papers; Occasional Paper No. 253.
Occasional Papers; Occasional Paper No. 253
Government document
1 online resource (114 p.)
Local subjects:
Absorptive capacity. (search)
Aggregate demand. (search)
Currency depreciation. (search)
Currency substitution. (search)
Current account balance. (search)
Dollar value. (search)
Effective exchange rate. (search)
Effective exchange rates. (search)
Exchange markets. (search)
Exchange rate. (search)
Exchange rate adjustment. (search)
Exchange rate appreciation. (search)
Exchange rate appreciations. (search)
Exchange rate channel. (search)
Exchange rate depreciation. (search)
Exchange rate depreciations. (search)
Exchange rate dynamics. (search)
Exchange rate flexibility. (search)
Exchange rate management. (search)
Exchange rate misalignment. (search)
Exchange rate movements. (search)
Exchange rate overshooting. (search)
Exchange rate overvaluations. (search)
Exchange rate peg. (search)
Exchange rate policies. (search)
Exchange rate policy. (search)
Exchange rate regime. (search)
Exchange rate regimes. (search)
Exchange rate stability. (search)
Exchange rate volatility. (search)
Exchange rates. (search)
Exchange reserves. (search)
Exchange sales. (search)
Fall in inflation. (search)
Financial stability. (search)
Floating exchange rate. (search)
Floating exchange rate regime. (search)
Foreign currency. (search)
Foreign exchange. (search)
Foreign exchange market. (search)
Foreign exchange markets. (search)
Foreign exchange reserves. (search)
Foreign exchange sales. (search)
High inflation. (search)
High interest rates. (search)
Increase in inflation. (search)
Independent central bank. (search)
Inflation. (search)
Inflation rate. (search)
Inflation rates. (search)
Inflation stabilization. (search)
Inflation tax. (search)
Inflationary expectations. (search)
Inflationary impact. (search)
Inflationary pressure. (search)
Inflationary pressures. (search)
Low inflation. (search)
Low rate of inflation. (search)
Lower inflation. (search)
Macroeconomic performance. (search)
Macroeconomic stability. (search)
Monetary economics. (search)
Monetary financing. (search)
Monetary policy. (search)
Money growth. (search)
Money supply. (search)
Nominal effective exchange rate. (search)
Nominal exchange rate. (search)
Nominal exchange rate depreciation. (search)
Nominal exchange rate stability. (search)
Nominal exchange rates. (search)
Nominal interest rates. (search)
Nominal variables. (search)
Price inflation. (search)
Price level. (search)
Price stability. (search)
Printing money. (search)
Rate of inflation. (search)
Real effective exchange rate. (search)
Real effective exchange rates. (search)
Real exchange rate. (search)
Real exchange rate appreciation. (search)
Real exchange rate appreciations. (search)
Real exchange rate misalignment. (search)
Real exchange rate movements. (search)
Real exchange rate overshooting. (search)
Real exchange rates. (search)
Real interest rates. (search)
Real money. (search)
Real money supply. (search)
Real rates. (search)
Real value. (search)
Real wages. (search)
Relative price. (search)
Relative prices. (search)
Rise in inflation. (search)
Terms of trade. (search)
Ethiopia. (search)
Ghana. (search)
Mozambique. (search)
Tanzania. (search)
Uganda. (search)
This study analyzes key issues associated with large increases in aid, including absorptive capacity, Dutch disease, and inflation. The authors develop a framework that emphasizes the different roles of monetary and fiscal policy and apply it to the recent experience of five countries: Ethiopia, Ghana, Mozambique, Tanzania, and Uganda. These countries have often found it difficult to coordinate monetary and fiscal policy in the face of conflicting objectives, notably to spend the aid money on domestic goods and to avoid excessive exchange rate appreciation.
Description based on print version record.
Aiyar, Shekhar.
Berg, Andrew.
Hussain, Mumtaz.
Mahone, Amber.
Mirzoev, Tokhir N.
Roache, Shaun K.
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