Browsing by Author "Scholl, Almuth"

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2005-10-25Buch

Aid Effectiveness and Limited EnforceableConditionality

Scholl, Almuth

This paper analyzes optimal foreign aid policy in a neoclassical framework with a conflict of interest between the donor and the recipient government. Aid conditionality is modelled as a limited enforceable contract. We ...
2005-10-25Buch

Limited Enforceable International Loans, International Risk Sharing and Trade

Scholl, Almuth

This paper analyzes the impact of limited enforceable international loans on international risk sharing and trade fluctuations in a two-country two-good endowment economy. Our specification of the punishment threat allows ...
2005-07-11Buch

New Evidence on the Puzzles

Results from Agnostic Identification on Monetary Policy and Exchange Rates

Scholl, Almuth; Uhlig, Harald

Past empirical research on monetary policy in open economies has found evidence of the "delayed overshooting", the "forward discount" and the "exchange rate" puzzles. We revisit the effects of monetary policy on exchange ...