Series: IMF Working Papers
Author(s): Edward Buffie , Stephen O'Connell , Catherine Pattillo , and Christopher Adam
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2007
Keywords: Aid volatility, stochastic simulation models, exchange rate, inflation, foreign exchange, real exchange rate,
Since the turn of the century, aid flows to Africa have increased on average and become more volatile. As a result, policymakers, particularly in post-stabilization countries where inflation has only recently been...