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This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national … economies. This panel unobserved components model features a monetary transmission mechanism, a fiscal transmission mechanism …
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The 2005 Paris Declaration on Aid Effectiveness sets targets for increased use by donors of recipient country systems for managing aid. It also calls for donors to be more responsive to the quality of recipient country systems: the optimal level of their use, in terms of maximizing the...
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