Series: IMF Working Papers
Author(s): Rafael Portillo , Andrew Berg , Jan Gottschalk , and Luis-Felipe Zanna
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2010
Keywords: Real Exchange Rate, Transfer problem, exchange rate, exchange rate regime, private investment, One, Two, and Multisector Growth Models,
We develop a model to analyze the macroeconomic effects of a scaling-up of aid and assess the implications of different policy responses. The model features key structural characteristics of low-income countries, i...