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How Volatile and Unpredictable Are Aid Flows, and What Are the Policy Implications?, A. Hamann, Ales Bulir

Label
How Volatile and Unpredictable Are Aid Flows, and What Are the Policy Implications?, A. Hamann, Ales Bulir
Language
eng
Abstract
This paper examines empirical evidence on the volatility and uncertainty of aid flows, and the main policy implications. Aid is found to be more volatile than fiscal revenues- particularly in highly aid-dependent countries-and mildly procyclical in relation to activity in the recipient country. These findings imply that the current pattern of aid disbursements is welfare-reducing. We also find that uncertainty about aid disbursements is large and that the information content of commitments made by donors is either very small or statistically insignificant. Policies to cope with these features of aid, as well as broader international efforts to reduce the volatility and procyclicality of aid, are briefly discussed
resource.governmentPublication
international or intergovernmental publication
Literary Form
non fiction
Main title
How Volatile and Unpredictable Are Aid Flows, and What Are the Policy Implications?
Nature of contents
dictionaries
Responsibility statement
A. Hamann, Ales Bulir
Series statement
IMF Working Papers
Contributor
Creator
Content
Other version