Predicting The Distributional Impacts Of Macroeconomic Shocks
DOWNLOAD
Download Predicting The Distributional Impacts Of Macroeconomic Shocks PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Predicting The Distributional Impacts Of Macroeconomic Shocks book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Predicting The Distributional Impacts Of Macroeconomic Shocks
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 2003
Predicting The Distributional Impacts Of Macroeconomic Shocks written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Brazil categories.
Can The Distributional Impacts Of Macroeconomic Shocks Be Predicted A Comparison Of The Performance Of Macro Micro Models With Historical Data For Brazil
DOWNLOAD
Author : Francisco H. G. Ferreira
language : en
Publisher:
Release Date : 2016
Can The Distributional Impacts Of Macroeconomic Shocks Be Predicted A Comparison Of The Performance Of Macro Micro Models With Historical Data For Brazil written by Francisco H. G. Ferreira and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
What was the impact of Brazil's 1998-99 currency crisis - which resulted in a change of exchange rate regime and a large real devaluation - on the occupational structure of the labor force and the distribution of incomes? Would it have been possible to predict such effects ahead of the crisis? The authors present an integrated macro-micro model of the Brazilian economy in 1998. The model consists of an applied general equilibrium macroeconometric component, connected through a set of linkage aggregate variables to a microeconomic model of household incomes. The authors use this framework to predict the employment and distributional consequences of the 1999 Brazilian currency crisis, based on 1998 household survey data. They then test the predictive performance of the model by comparing its simulated results with the actual household survey data observed in 1999. In addition to the fully integrated macro-micro model, the authors also test the performances of the microeconometric model on its own, and of a quot;representative household groupsquot; approach. They find that the integrated macro-micro econometric model, while still inaccurate on many dimensions, can actually predict the broad pattern of the incidence of changes in household incomes across the distribution reasonably well, and much better than the alternative approaches. The authors conclude that further experimentation with these tools might be of considerable potential usefulness to policymakers.This paper - a joint product of the Poverty Team, Development Research Group, and the Office of the Senior Vice President and Chief Economist, Development Economics - is part of a larger effort in the Bank to understand the microeconomic consequences of macroeconomic phenomena.
Can The Distributional Impacts Of Macroeconomic Shocks Be Predicted A Comparison Of The Performance Of Macro Micro Models With Historical Data For Brazil
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 2004
Can The Distributional Impacts Of Macroeconomic Shocks Be Predicted A Comparison Of The Performance Of Macro Micro Models With Historical Data For Brazil written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.
Knowing When You Do Not Know
DOWNLOAD
Author : Ambar Narayan
language : en
Publisher: World Bank Publications
Release Date : 2012-01-12
Knowing When You Do Not Know written by Ambar Narayan and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-01-12 with Business & Economics categories.
Economists have long sought to predict how macroeconomic shocks will affect individual welfare. Macroeconomic data and forecasts are easily available when crises strike. But policy action requires not only understanding the magnitude of a macro shock, but also identifying which households or individuals are being hurt by (or benefit from) the crisis. A popular solution is to extrapolate the welfare impact of a shock from the historical response of income or consumption poverty to changes in output, by estimating an 'elasticity' of poverty to growth. Although this method provides an estimate for the aggregate poverty impact of a macro shock, it has limited value for analysts and policymakers alike. Aggregate numbers are useful to capture the attention of policymakers and the international community, but in the absence of any information on who is affected and to what extent, provide little guidance on what actions need to be taken. This volume outlines a more comprehensive approach to the problem, showcasing a microsimulation model, developed in response to demand from World Bank staff working in countries and country governments in the wake of the global financial crisis of 2008-09. Starting with the idea of using simple macroeconomic projections as the 'macro linkages' to a micro behavioral model built from household data, the model was conceptualized, refined and tested in a diverse mix of countries: Bangladesh, Philippines, Mexico, Poland and Mongolia. The results fed into country policy dialogue and lending operations of Bank teams, as well as various reports, research papers and briefs.
The Poverty And Distributional Impact Of Macroeconomic Shocks And Policies
DOWNLOAD
Author : B. Essama-Nssah
language : en
Publisher:
Release Date : 2012
The Poverty And Distributional Impact Of Macroeconomic Shocks And Policies written by B. Essama-Nssah and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
The importance of distributional issues in policymaking creates a need for empirical tools to assess the social impact of economic shocks and policies. This paper reviews some of the modeling approaches that are currently in use at the World Bank and other international financial institutions. The specification of these models is dictated by the issues at stake, the knowledge about the nature of the process involved, and the availability and reliability of relevant data. Furthermore, shocks and policies have macroeconomic, structural, and distributional implications. This creates interdependence between such policy issues. Finally, the distributional impact of shocks and policies hinges on the heterogeneity of socioeconomic agents with respect to endowments and behavior. In the end, each modeling approach should be judged on how well it handles the interdependence between policy issues and the heterogeneity of the stakeholders, given other constraints.
Can The Distributional Impacts Of Macroeconomic Shocks Be Predicted
DOWNLOAD
Author : Francisco H. G. Ferreira
language : en
Publisher:
Release Date : 2004
Can The Distributional Impacts Of Macroeconomic Shocks Be Predicted written by Francisco H. G. Ferreira and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Brazil categories.
The Effects Of Monetary Policy Shocks On Inequality
DOWNLOAD
Author : Davide Furceri
language : en
Publisher: International Monetary Fund
Release Date : 2017-01-18
The Effects Of Monetary Policy Shocks On Inequality written by Davide Furceri and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-01-18 with Business & Economics categories.
This paper provides new evidence of the effect of monetary policy shocks on income inequality. Using a measure of unanticipated changes in policy rates for a panel of 32 advanced and emerging market countries over the period 1990-2013, the paper finds that contractionary (expansionary) monetary actions increase (reduce) income inequality. The effect, however, varies over time, depending on the type of the shocks (tightening versus expansionary monetary policy) and the state of the business cycle, and across countries depending on the share of labor income and redistribution policies. In particular, we find that the effect is larger for positive monetary policy shocks, especially during expansions. Looking across countries, we find that the effect is larger in countries with higher labor share of income and smaller redistribution policies. Finally, while an unexpected increase in policy rates increases inequality, changes in policy rates driven by an increase in growth are associated with lower inequality.
Simulating Distributional Impacts Of Macro Dynamics
DOWNLOAD
Author : Sergio Olivieri
language : en
Publisher: World Bank Publications
Release Date : 2014-09-23
Simulating Distributional Impacts Of Macro Dynamics written by Sergio Olivieri and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-09-23 with Business & Economics categories.
Simulating Distributional Impacts of Macro-dynamics: Theory and Practical Applications is a comprehensive guide for analyzing and understanding the effects of macroeconomic shocks on income and consumption distribution, as well as using the ADePT Simulation Module. Since real-time micro data is rarely available, the Simulation Module (part of the ADePT economic analysis software) takes advantage of historical household surveys to estimate how current or proposed macro changes might impact household and individuals welfare. Using examples from different economic and social contexts, the book explains macro-micro linkages in an easy and intuitive way. After developing a sound theoretical foundation, readers are then shown how to explore their own scenarios using the Simulation Module. Step-by-step instructions illustrate data entry and show how to make adjustments using the Module s options. Exercises present how different sections of the simulation process operate independently. This book will be a valuable reference for analysts needing to evaluate the potential impact of structural reforms and to generate projections for hypothetical scenarios. Results created by the Simulation Module will be helpful in informing governmental policymaking.
The Poverty And Distributional Impact Of Macroeconomic Shocks And Policies
DOWNLOAD
Author : Boniface Essama-Nssah
language : en
Publisher: World Bank Publications
Release Date : 2005
The Poverty And Distributional Impact Of Macroeconomic Shocks And Policies written by Boniface Essama-Nssah and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Financial crises categories.
"The importance of distributional issues in policymaking creates a need for empirical tools to assess the social impact of economic shocks and policies. This paper reviews some of the modeling approaches that are currently in use at the World Bank and other international financial institutions. The specification of these models is dictated by the issues at stake, the knowledge about the nature of the process involved, and the availability and reliability of relevant data. Furthermore, shocks and policies have macroeconomic, structural, and distributional implications. This creates interdependence between such policy issues. Finally, the distributional impact of shocks and policies hinges on the heterogeneity of socioeconomic agents with respect to endowments and behavior. In the end, each modeling approach should be judged on how well it handles the interdependence between policy issues and the heterogeneity of the stakeholders, given other constraints. " -- Cover verso.
Liquidity Markets And Trading In Action
DOWNLOAD
Author : Deniz Ozenbas
language : en
Publisher: Springer Nature
Release Date : 2022
Liquidity Markets And Trading In Action written by Deniz Ozenbas and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with Business enterprises categories.
This open access book addresses four standard business school subjects: microeconomics, macroeconomics, finance and information systems as they relate to trading, liquidity, and market structure. It provides a detailed examination of the impact of trading costs and other impediments of trading that the authors call rictions It also presents an interactive simulation model of equity market trading, TraderEx, that enables students to implement trading decisions in different market scenarios and structures. Addressing these topics shines a bright light on how a real-world financial market operates, and the simulation provides students with an experiential learning opportunity that is informative and fun. Each of the chapters is designed so that it can be used as a stand-alone module in an existing economics, finance, or information science course. Instructor resources such as discussion questions, Powerpoint slides and TraderEx exercises are available online.