Pierre-Richard Agénor's pioneering work on Integrated Macroeconomics Models for Poverty Analysis (IMMPA) is cataloged for the first time in this must-read volume. A class of dynamic computable general equilibrium models, IMMPA models are designed to analyze the impact of adjustment policies on unemployment and poverty in the developing world. Including both papers originally circulated through the World Bank, as well as new material that places this important work in its larger context, Adjustment Policies, Poverty, and Unemployment details the history and uses of these models to date, as well as pointing to future developments for their utilization.
"Including papers originally circulated through the World Bank, aswell as new material that places this important work in its largercontext, the book details the history and uses of these models andpoints to future developments for thier utilization."
International Social Security Review
"While economic growth may potentially raise living standardsacross the board in developing countries, the policies adopted atthe macro level to promote growth are clearly notdistribution-neutral. Because the urgency to raise living standardsis greatest at the bottom of the income distribution in suchcountries, the need to understand the links between macroeconomicpolicies and poverty reduction looms large on the developmentresearch agenda. Unfortunately, because this issue is at theintersection of micro- and macroeconomics, it has tended to fallbetween the stools of researchers, despite the attention that theissue has recently received in policy circles.
"This volume represents an impressive start in redressing thissituation. The papers contained here develop innovative analyticaltools that are applied to investigate the employment anddistributional effects of standard macroeconomic policies in thecontext of specific developing countries, showing the way to futureprogress in this important area of research. It is bound to becomea standard reference for future research on the macroeconomics ofunemployment and poverty reduction in developing countries."
Peter Montiel, Professor of Economics, Williams College
International Social Security Review
"While economic growth may potentially raise living standardsacross the board in developing countries, the policies adopted atthe macro level to promote growth are clearly notdistribution-neutral. Because the urgency to raise living standardsis greatest at the bottom of the income distribution in suchcountries, the need to understand the links between macroeconomicpolicies and poverty reduction looms large on the developmentresearch agenda. Unfortunately, because this issue is at theintersection of micro- and macroeconomics, it has tended to fallbetween the stools of researchers, despite the attention that theissue has recently received in policy circles.
"This volume represents an impressive start in redressing thissituation. The papers contained here develop innovative analyticaltools that are applied to investigate the employment anddistributional effects of standard macroeconomic policies in thecontext of specific developing countries, showing the way to futureprogress in this important area of research. It is bound to becomea standard reference for future research on the macroeconomics ofunemployment and poverty reduction in developing countries."
Peter Montiel, Professor of Economics, Williams College