The macroeconomic management of foreign aid : opportunities and pitfalls / editors, Peter Isard ... [and others].

"Papers prepared for the seminar, which was hosted in Maputo by the Government of Mozambique during March 2005"--Foreword, pages iii.

Includes bibliographical references.

Foreign aid and macroeconomic management: overview and synopsis of key lessons / Peter Isard ... [and others] -- Session I. Aid, growth, and poverty reduction: what should aid be trying to achieve? How good is the record? Aid and growth: the current debate and some new evidence / Steven Radelet, Michael Clemens, and Rikhil Bhavnani -- Aid, growth, and poverty / Aart Kraay -- Session II. Aid absorption: recognizing and avoiding macroeconomic hazards. Analytical overview of aid absorption: recognizing and avoiding macroeconomic hazards / David L. Bevan -- High aid inflows: the case of Ghana / Shekhar Aiyar ... [and others] -- Absorptive capacity and achieving the MDGs: the case of Ethiopia / Mark Sundberg and Hans Lofgren -- Session III. Dutch disease: where do we stand? Exogenous inflows and real exchange rates: theoretical quirk or empirical reality? / Christopher Adam -- Session IV. Aid, volatility, and stabilization policy: does aid smooth absorption or exacerbate shocks? Reliability and countercyclicality. Volatility of development aid: unpleasant bean counting / Ales̀ Bulír̆ and A. Javier Hamann -- Session V. Aid, debt, and fiscal policy. Debt and new financing in low-income countries: looking back, thinking ahead / Christina Daseking and Bikas Joshi -- Session VI. Roles of aid, governance, and the political economy. Aid, governance, and the poltical economy: growth and institutions / Simon Johnson and Arvind Subramanian.