000			00973pab a2200157 454500
008			180718b2003 xxu||||| |||| 00| 0 eng d
100			_aBulir, Ales
245			_aAid volatility: an empirical assessment
260			_c2003
300			_ap.64-89.
520			_aThis article examines empirical evidence on the volatility and uncertainty of aid flows and their main policy implications. Aid is found to be more volatile than fiscal revenues - particularly in highly aid-dependent countries - and shortfalls in aid and domestic revenue tend to coincide. The article also finds that uncertainty about aid disbursements is large and that the information content of commitments made by donors is either very small or statistically insignificant. Specific policies and broader international efforts to cope with these features of aid are briefly discussed. - Reproduced.
650			_aForeign aid
700			_aHamann, A. Javier
773			_aIMF Staff Papers
909			_a56434
999			_c56434 _d56434