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Smooth aid shocks - PowerPoint PPT Presentation

The Macroeconomic Challenge of Aid Volatility

The Macroeconomic Challenge of Aid Volatility. African Department International Monetary Fund. Andrew Berg Calvin McDonald. Two dimensions. Horizon: short (intra-year), medium (1-3 years), and long Agent: donors and recipients. Short-run predictability: problems.

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Smooth aid shocks - PowerPoint PPT Presentation

The Macroeconomic Challenge of Aid Volatility