Policy Responses to Aid Surges in Countries with Limited International Capital Mobility is popular PDF and ePub book, written by Mr.Andrew Berg in 2014-01-30, 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, Policy Responses to Aid Surges in Countries with Limited International Capital Mobility can be Read Online from any device for your convenience.
Policy Responses to Aid Surges in Countries with Limited International Capital Mobility Book PDF Summary
We study the role of the exchange rate regime, reserve accumulation, and sterilization policies in the macroeconomics of aid surges. Absent sterilization, a peg allows for almost full aid absorption — an increase in the current account deficit net of aid—delivering the same effects as those of a flexible regime but with a necessary increase in inflation. Regardless of the regime, policies that limit absorption—and result in large accumulation of reserves—are welfare reducing: they help reduce the real appreciation (and inflation under the peg), but at the expense of reducing private consumption and investment, and therefore medium-term growth.
Detail Book of Policy Responses to Aid Surges in Countries with Limited International Capital Mobility PDF
- Author : Mr.Andrew Berg
- Release : 30 January 2014
- Publisher : International Monetary Fund
- ISBN : 9781484397954
- Genre : Business & Economics
- Total Page : 41 pages
- Language : English
- PDF File Size : 7,7 Mb
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