In the decades-old intense debate on foreign aid, a great deal has been said about qualitative aspects of aid and aid-effectiveness (i.e. fungibility, among other things). The latest landmark in the debate was the World Bank publication Assessing Aid: What Works, What Doesn't, and Why, which...

This study presents an internally consistent macroeconomic framework that could be used as a first step toward a more comprehensive quantitative and qualitative assessment of the adjustment alternatives facing Uzbekistan. The three-gap frame work focuses on the major imbalances of the economy...