Fiscal inertia, donor credibility, and the monetary management of aid surges
Donors cannot pre-commit to support scaled-up public spending programs on a continuing basis, nor can governments credibly commit to curtail expenditure rapidly in the event that aid revenues contract. An aid boom may therefore be accompanied by a credibility problem. When this is the case, the <...
| Main Authors: | , , |
|---|---|
| Formato: | Journal article |
| Publicado: |
Elsevier
2010
|