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The Macroeconomic Impact of Scaled-Up Aid
			: The Case of Niger

The Macroeconomic Impact of Scaled-Up Aid : The Case of Niger »

Volume/Issue: 2009/36

Series: IMF Working Papers

Author(s): Emilio Sacerdoti , Gonzalo Salinas , and Abdikarim Farah

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2009

DOI: http://dx.doi.org/10.5089/9781451871838.001

ISBN: 9781451871838

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...

The Macroeconomic Impact of Scaled-Up Aid

The Macroeconomic Impact of Scaled-Up Aid »

Source: The Macroeconomic Impact of Scaled-Up Aid : The Case of Niger

Volume/Issue: 2009/36

Series: IMF Working Papers

Author(s): Emilio Sacerdoti , Gonzalo Salinas , and Abdikarim Farah

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2009

ISBN: 9781451871838

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...

Estimation of Equilibrium Exchange Rates in the WAEMU

Estimation of Equilibrium Exchange Rates in the WAEMU »

Source: Estimation of Equilibrium Exchange Rates in the WAEMU : A Robustness Analysis

Volume/Issue: 2007/194

Series: IMF Working Papers

Author(s): Magnus Saxegaard , Stéphane Roudet , and Charalambos Tsangarides

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2007

ISBN: 9781451867589

Keywords: Equilibrium real exchange rate, FEER, cointegration, panel, WAEMU, exchange rate, statistic, equation, Equilibrium Real Exghange Rate,

Using the FEER approach we investigate the long-run equilibrium paths of the real effective exchange rates (REERs) of countries in the West African Economic and Monetary Union (WAEMU). In an attempt to address econ...

Macroeconomic Policies and Smuggling

Macroeconomic Policies and Smuggling »

Source: Macroeconomic Policies and Smuggling : An Analysis of Illegal Oil Trade in Nigeria

Volume/Issue: 1994/115

Series: IMF Working Papers

Author(s): Jian-Ye Wang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1994

ISBN: 9781451942880

Keywords: exchange rate, neighboring countries, oil prices, currency depreciation, exchange rates

Based on a simple model, the paper provides an explanation for illegal oil trade between Nigeria and its neighboring countries. The analysis focuses on the linkages between the level of smuggling and changes in the...

The CFA Franc Zone and the EMU1

The CFA Franc Zone and the EMU1 »

Source: The CFA Franc Zone and the EMU

Volume/Issue: 1997/156

Series: IMF Working Papers

Author(s): Michel Galy , and Michael Hadjimichael

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1997

ISBN: 9781451857368

Keywords: Monetary Union, Optimum Currency Areas, CFA Franc Zone, EMU, exchange rate, monetary fund, central bank, effective exchange rate

Whether the prospective shift of the peg of the CFA franc to the euro would constitute an exchange rate arrangement with EMU countries would depend critically on the interpretation of the free convertibility of the...

Parity Reversion in Real Exchange Rates

Parity Reversion in Real Exchange Rates »

Source: Parity Reversion in Real Exchange Rates : Fast, Slow or Not At All?

Volume/Issue: 2004/128

Series: IMF Working Papers

Author(s): C. McDermott , and Paul Cashin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2004

ISBN: 9781451855074

Keywords: Parity reversion, real exchange rate, post-Bretton Woods, exchange rate, exchange rates, real exchange rates, nominal exchange rate, Open Economy Macroeconomics,

Consensus estimates put the half-life of deviations from purchasing power parity (PPP) at about four years (Rogoff, 1996). However, conventional least squares estimates of half-lives are biased downward. Accordingl...

Economic Trends in Africa

Economic Trends in Africa »

Source: Economic Trends in Africa : The Economic Performance of Sub-Saharan African Countries

Volume/Issue: 1994/109

Series: IMF Working Papers

Author(s): Daudi Ballali , Pierre Dhonte , G. Terrier , and Stéphane Cossé

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1994

ISBN: 9781451853148

Keywords: exchange rate, exchange rates, terms of trade, foreign exchange, domestic savings

This paper highlights selected recent developments in the economies of sub-Saharan Africa. It notes that the outlook for commodity prices has improved, and with it the outlook for economic activity beyond 1994; it...

The Macroeconomics of Medium-Term Aid Scaling-Up Scenarios

The Macroeconomics of Medium-Term Aid Scaling-Up Scenarios »

Source: The Macroeconomics of Medium-Term Aid Scaling-Up Scenarios

Volume/Issue: 2010/160

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

ISBN: 9781455201433

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...

Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa

Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa »

Source: Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa

Volume/Issue: 2009/216

Series: IMF Working Papers

Author(s): Raju Singh , Kyung-woo Lee , and Markus Haacker

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2009

ISBN: 9781451873634

Keywords: exchange rate, migration, determinants of remittances, real exchange rate

The paper investigates the determinants and the macroeconomic role of remittances in sub-Saharan Africa, assembling the most comprehensive dataset available so far on remittances in the region and incorporating dat...

Growth Following Investment and Consumption-Driven Current Account Crises

Growth Following Investment and Consumption-Driven Current Account Crises »

Source: Growth Following Investment and Consumption-Driven Current Account Crises

Volume/Issue: 2013/217

Series: IMF Working Papers

Author(s): Alexander Klemm

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 October 2013

ISBN: 9781484321898

Keywords: current account deficit, current accounts, current account surpluses

Current account deficits imply increasing liabilities to the rest of the world. External sustainability then depends on whether these can be met in the future without defaulting, i.e., normally through trade accoun...