The Impact of Macroeconomic Policies on Poverty and Income Distribution: Macro-Micro Evaluation Techniques and Tools (Equity and development)

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9780821372685: The Impact of Macroeconomic Policies on Poverty and Income Distribution: Macro-Micro Evaluation Techniques and Tools (Equity and development)

A companion to the bestseller, The Impact of Economic Policies on Poverty and Income Distribution, this title deals with theoretical challenges and cutting-edge macro-micro linkage models. The authors compare the predictive and analytical power of various macro-micro linkage techniques using the traditional RHG approach as a benchmark to evaluate standard policies, such as, a typical stabilization package and a typical structural reform policy.

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About the Author:

FRANCOIS BOURGUIGNON is Senior Vice-President and Chief Economist at the World Bank, USA. He is a specialist in the economics of development, public policy, economic growth, income distribution and inequality. As the World Bank's Senior Vice-President for Development Economics and Chief Economist since October 2003, he provides intellectual leadership and direction to the Bank's overall development strategy and economic research agenda, at global, regional and country levels. As a member of the Bank's senior management team he advises the President and Bank's management on economic issues. LUIZ PEREIRA DA SILVA has been working for the government of Brazil since 2004, as Secretary of State for International Affairs in the Ministry of Finance, and as Chief Economist in the Ministry of Budget and Planning. Before that, he held a lead economist position in the Research Department of the World Bank, and his areas of work are macroeconomic modelling of financial crises and poverty. He holds a PhD in Economics from the University of Paris-I (Sorbonne). He has worked for the French central statistical office (INSEE) and the governments of South Africa, Brazil and Japan, and has been a Visiting Professor at the University of Sao Paulo, Brazil. MAURIZIO BUSSOLO is a Senior Economist in the Global Trends team of the Development Prospects Group of the World Bank, USA.

Review:

Macro-level policies, whatever their impact on macro-level aggregates, can have significant distributional consequences. Polities and policy makers are well aware of this, but their economic advisers, especially those in international agencies, seemed in the past to have been less well attuned to these realities. This volume shows that the landscape is changing. The chapters were written by the leaders in their field and showcase techniques and applications that allow the distributional consequences of policy reform to be analyzed systematically. There can no longer be any technical excuse for totally ignoring the distributional impacts of macro-level policy instruments. --Ravi Kanbur, T. H. Lee Professor of World Affairs and Professor of Economics, Cornell University

This book uses a single modeling framework a macro model linked with a household-level micro model to examine the consequences on poverty and income distribution of changes to the trade regime, tariffs and nontariff barriers, the exchange rate, interest rates, the mix of fiscal and monetary policies, the composition of public spending, and labor market regulation. It also examines the macroeconomic consequences of scaling up micro-level programs, such as a conditional cash transfer program. The book represents the state of the art in using models to understand the impact of policies on poverty alleviation, and is a must-read for both policy makers and students interested in poverty, income distribution, and growth. --Raghuram G. Rajan, Eric Gleacher Distinguished Service Professor of Finance, Graduate School of Business, University of Chicago

This book represents a significant advance in development policy analysis. It demonstrates how macro-economic modeling can be married to micro data sets to produce more meaningful analyses of economy-wide shocks or policy changes. It has important lessons to offer to both macro and micro development economists: it shows the former how to use better data and the latter how to broaden their analyses. --Dani Rodrik, Professor of International Political Economy, John F. Kennedy School of Government, Harvard University

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Published by World Bank Publications, United States (2008)
ISBN 10: 0821372688 ISBN 13: 9780821372685
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Book Description World Bank Publications, United States, 2008. Hardback. Book Condition: New. Language: English . Brand New Book. This volume assembles methodologies and techniques to evaluate the poverty impact of macroeconomic policies. It deals with evaluating the impact of macro-economic policies or shocks on poverty and income distribution using cutting-edge approaches. Policy-makers are increasingly becoming aware that, despite a positive effect on the average income of their citizens, many macro policies can sometimes produce deterioration in the welfare of specific groups. Similarly, poverty reduction policies designed to target specific individuals and/or households, may end-up producing macro (mostly fiscal) consequences. Thus, the selection and implementation of economic policies requires a careful assessment of both their effect on aggregate economy and their effect on income distribution and poverty. Modern micro-simulation techniques that use micro data sets to simulate the policy impact on all individuals in a sample that is statistically representative of an entire population are the most promising tool that can provide such careful assessment. This volume presents a comprehensive array of these techniques, from the simpler macro models that use representative household groups to link macro economic policies and microeconomic data, to more complex top-down modeling frameworks that combine (top) macro models and (down) micro-simulation models .The book also explores fully integrated models where the macro and micro parts feed back each other. By providing a clear access to these techniques, documenting their analytical underpinnings, their data requirements, their range of applicability and even by highlighting some of their limitations, this book provides a unique compendium for practitioners, policy makers and anyone interested in economic development. Bookseller Inventory # AAN9780821372685

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Published by World Bank Publications, United States (2008)
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Book Description World Bank Publications, United States, 2008. Hardback. Book Condition: New. Language: English . Brand New Book. This volume assembles methodologies and techniques to evaluate the poverty impact of macroeconomic policies. It deals with evaluating the impact of macro-economic policies or shocks on poverty and income distribution using cutting-edge approaches. Policy-makers are increasingly becoming aware that, despite a positive effect on the average income of their citizens, many macro policies can sometimes produce deterioration in the welfare of specific groups. Similarly, poverty reduction policies designed to target specific individuals and/or households, may end-up producing macro (mostly fiscal) consequences. Thus, the selection and implementation of economic policies requires a careful assessment of both their effect on aggregate economy and their effect on income distribution and poverty. Modern micro-simulation techniques that use micro data sets to simulate the policy impact on all individuals in a sample that is statistically representative of an entire population are the most promising tool that can provide such careful assessment. This volume presents a comprehensive array of these techniques, from the simpler macro models that use representative household groups to link macro economic policies and microeconomic data, to more complex top-down modeling frameworks that combine (top) macro models and (down) micro-simulation models .The book also explores fully integrated models where the macro and micro parts feed back each other. By providing a clear access to these techniques, documenting their analytical underpinnings, their data requirements, their range of applicability and even by highlighting some of their limitations, this book provides a unique compendium for practitioners, policy makers and anyone interested in economic development. Bookseller Inventory # AAN9780821372685

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