Optimal Fiscal Spending and Reserve Accumulation Policies under Volatile Aid
June 11, 2019
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Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Summary
Subject: Central banks, Consumption, Expenditure, National accounts, Private consumption, Public investment spending, Reserves accumulation
Keywords: Africa, Aid, Aid spending, CES consumption basket, Consumption, Consumption decision, Consumption level, Depreciation rate, Fiscal policy, Foreign exchange intervention, Goods sector, Government spending, Gradual aid spending, Gradual spending, Hand-to-mouth consumer, Impulse response, Low-income countries, Optimal policy, Private consumption, Public goods, Public investment spending, Reserve accumulation policy, Reserves accumulation, Spending of aid, Spending policy, Spending process, Sub-Saharan Africa, Welfare change, WP
Publication Details
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Pages:
45
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Volume:
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DOI:
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Issue:
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Series:
Working Paper No. 2019/126
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Stock No:
WPIEA2019126
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ISBN:
9781498312110
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ISSN:
1018-5941
