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DRESSING GLOBAL IMBALANCES: A DEVELOPMENT-ORIENTED POLICY AGENDA
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This paper examines how macroeconomic policies can be managed to accommodate a large inflow of foreign aid to combat the HIV/AIDS epidemic and still maintain macroeconomic stability. Because of the daunting scale of this epidemic, funds need to be disbursed urgently in order to contain its...
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This working paper examines the validity of the claim that ?scaling up? ODA in developing countries will cause ?Dutch Disease? effects that slow growth and human development. The most common concerns are increased inflation and exchange-rate appreciation. Consistent with a recent IMF...
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