Climate change, migration flows, security - growing challenges like these are calling for new responses from EU development policy. Achieving the Sustainable Development Goals (SDGs) by 2030 will in itself require additional financial resources of up to USD 2.5 trillion every year in middle- and...

Klimawandel, Migrationsströme, Sicherheit - Wachsende Herausforderungen wie diese fordern neue Antworten von der EU-Entwicklungspolitik. Allein um die Ziele für nachhaltige Entwicklung (SDGs) bis zum Jahre 2030 zu erreichen, bedarf es zusätzlicher finanzieller Ressourcen von jährlich bis zu...

IMF programs are often considered to carry a “stigma” that triggers adverse market reactions. We show that such a negative IMF effect disappears when accounting for endogenous selection into programs. To proxy for a country's access to financial markets, we use credit ratings and investor...

Donors of foreign aid increasingly claim to consider gender inequality in the recipient countries to be a serious concern. While aid specifically to promote gender equality receives only a tiny share of aid budgets, allocations to education, health, and civil society projects could be affected...

Aid fragmentation is widely recognized as being detrimental to development outcomes. We re-investigate the impact of fragmentation on aid effectiveness in the context of growth, bureaucratic policy, and education, focusing on a number of conceptually different indicators of fragmentation, and...

The paper investigates the effects of short-term political motivations on the effectiveness of foreign aid. Specifically, the paper tests whether the effect of aid on economic growth is reduced by the share of years a country served on the United Nations Security Council (UNSC) in the period the...