Optimal Fiscal Spending and Reserve Accumulation Policies under Volatile Aid is popular PDF and ePub book, written by Ioana Moldovan in 2019-06-11, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Optimal Fiscal Spending and Reserve Accumulation Policies under Volatile Aid can be Read Online from any device for your convenience.
Optimal Fiscal Spending and Reserve Accumulation Policies under Volatile Aid Book PDF Summary
This paper assesses the optimal setting of fiscal spending and foreign exchange rate intervention policies in response to volatile foreign aid, in a small open economy model that incorporates typical features of low-income countries. Within a class of policy rules, it jointly considers the optimal aid spending and international reserve accumulation policies. The results show that it is optimal to adjust government spending gradually in response to unpredictable fluctuations in aid, while partially accumulating foreign exchange reserves to offset Dutch disease effects. Also, allocating relatively more of the government spending to productive public investment, and less to government consumption, is welfare improving.
Detail Book of Optimal Fiscal Spending and Reserve Accumulation Policies under Volatile Aid PDF
- Author : Ioana Moldovan
- Release : 11 June 2019
- Publisher : International Monetary Fund
- ISBN : 9781498320184
- Genre : Business & Economics
- Total Page : 45 pages
- Language : English
- PDF File Size : 17,6 Mb
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