THE IMPACT OF MACROECONOMIC POLICIES ON POVERTY AND INCOME DISTIBUTION: Macro-micro Evaluation Techniques and Tools (Equity and Development Series) - Hardcover

F. Bourguignon; L. Da Silva; M. Bussolo

Hardcover

ISBN 10: 0821372688 ISBN 13: 9780821372685

Publisher: Palgrave Macmillan, 2008

Synopsis

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.

About this title

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 São Paulo, Brazil.

MAURIZIO BUSSOLO is a Senior Economist in the Global Trends team of the Development Prospects Group of the World Bank, USA.

Synopsis

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, presenting a comprehensive array of modern micro-simulation techniques.

About this edition

• Publisher: Palgrave Macmillan
• Publication date: 2008
• ISBN 10: 0821372688
• ISBN 13: 9780821372685
• Binding: Hardcover
• Number of pages: 400
• Editor: Francois Bourguignon, Maurizio Bussolo