Series: IMF Working Papers
Author(s): Emilio Sacerdoti , Gonzalo Salinas , and Abdikarim Farah
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2009
Keywords: growth, exchange rate, real exchange rate, gdp growth, tfp,
We develop a simple macroeconomic model that assesses the effects of higher foreign aid on output growth and other macroeconomic variables, including the real exchange rate. The model is easily tractable and requir...