Fiscal inertia, donor credibility, and the monetary management of aid surges

Fiscal inertia, donor credibility, and the monetary management of aid surges

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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 <...

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Bibliografiske detaljer
Main Authors: Buffie, E, O'Connell, S, Adam, C
Format: Journal article
Sprog:English
Udgivet: Elsevier 2010
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