Adjustment policies, poverty, and unemployment; the IMMPA framework.9781405136334 Adjustment policies, poverty, and unemployment; the IMMPA framework. Ed. by Pierre-Richard Agenor et al. Blackwell Publishing 2007 543 pages $64.95 Hardcover HC59 Averring that unemployment reduction and poverty alleviation are key objectives of adjustment programs in developing countries, Agenor (international macroeconomics macroeconomics Study of the entire economy in terms of the total amount of goods and services produced, total income earned, level of employment of productive resources, and general behaviour of prices. and development economics, U. of Manchester, UK), Izquierdo (a senior economist in the research department of the Inter-American Development Bank Inter-American Development Bank (IDB) international organization founded in 1959 by 20 governments in North and South America to finance economic and social development in the Western Hemisphere. ), and Jensen (economics, U. of Copenhagen, Denmark) note that progress has nonetheless remained elusive. They trace part of the cause of this problem to the lack of detailed quantitative models that can inform policy decisions. Together with the other contributors, they present their own quantitative macroeconomic mac·ro·ec·o·nom·ics n. (used with a sing. verb) The study of the overall aspects and workings of a national economy, such as income, output, and the interrelationship among diverse economic sectors. framework for analyzing the impact of policy and exogenous Exogenous Describes facts outside the control of the firm. Converse of endogenous. shocks on the labor market labor market A place where labor is exchanged for wages; an LM is defined by geography, education and technical expertise, occupation, licensure or certification requirements, and job experience , poverty, and income distribution in low- and middle-income economies: the Integrated Macroeconomic Model for Poverty Analysis or IMMPA. The IMMPA emphasizes the role of labor market structure in the transmission of shocks to the poor and the unemployed, but it also pays attention to such issues as the impact of different components of government investment on the production process and the accumulation of physical and human capital by the private sector. In addition to presenting the model, the nine chapters discuss how it can be applied to the economies of Brazil and Turkey, explores approaches for linking macro and micro levels to analyze the poverty and distributional effects of policy and exogenous shocks in applied general equilibrium General equilibrium theory is a branch of theoretical microeconomics. It seeks to explain production, consumption and prices in a whole economy. General equilibrium tries to give an understanding of the whole economy using a bottom-up approach, starting with individual modes, and considers directions for future research and methodological improvement. ([c]20072005 Book News, Inc., Portland, OR) |
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