Protecting The Poor From Macroeconomic Shocks
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Protecting The Poor From Macroeconomic Shocks
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Author : Francisco H. G. Ferreira
language : en
Publisher: World Bank Publications
Release Date : 1999
Protecting The Poor From Macroeconomic Shocks written by Francisco H. G. Ferreira 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 1999 with Banks and Banking Reform categories.
To minimize the harmful impact on poor people of macroeconomic shock, sound policies for dealing with crises, and an adequate public safety net should be in place before a crisis starts.
Protecting The Poor From Macroeconomic Shocks
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Author : Francisco H. G. Ferreira
language : en
Publisher:
Release Date : 2016
Protecting The Poor From Macroeconomic Shocks 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.
To minimize the harmful impact on poor people of macroeconomic shocks, sound policies for dealing with crises - and an adequate public safety net - should be in place before a crisis starts. Many developing countries faced macroeconomic shocks in the 1980s and 1990s. The impact of the shocks on welfare depended on the nature of the shock, on initial household and community conditions, and on policy responses.To avoid severe and lasting losses to poor and vulnerable groups, governments and civil society need to be prepared for a flexible response well ahead of the crisis. A key component of a flexibly responsive system is an effective permanent safety net, which will typically combine a workfare program with targeted transfers and credit. Once a crisis has happened, several things should be done:Macroeconomic policies should aim to achieve stabilization goals at the least cost to the poor. Typically, a temporary reduction in aggregate demand is inevitable but as soon as a sustainable external balance has been reached and inflationary pressures have been contained, macroeconomic policy should be eased (interest rates reduced and efficient public spending restored, to help offset the worst effects of the recession on the poor). A fiscal stimulus directed at labor-intensive activities (such as building rural roads) can combine the benefits of growth with those of income support for poor groups, for example.Key areas of public spending should be protected, especially investments in health care, education, rural infrastructure, urban sanitation, and microfinance.Efforts should be made to preserve the social fabric and build social capital.Sound information should be generated on the welfare impacts of the crisis.This paper - a joint product of the Poverty Group, Poverty Reduction and Economic Management Network, and Poverty and Human Resources, Development Research Group - is part of a larger effort in the Bank to inform policy choices aimed at minimizing the social costs of macroeconomic shocks.
Who Is Most Vulnerable To Macroeconomic Shocks
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Author : Paul Glewwe
language : en
Publisher: Washington, D.C. : World Bank
Release Date : 1995
Who Is Most Vulnerable To Macroeconomic Shocks written by Paul Glewwe and has been published by Washington, D.C. : World Bank this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Business & Economics categories.
This paper attempts to answer the question: Who is most vulnerable to declines in welfare during a macroeconomic shock? After clarifying the difference between poverty and vulnerability, an analytical framework is presented and then applied to household panel data from Peru. Major findings are: (a) households with better educated heads are less vulnerable; (b) female headed households are not more vulnerable to declines than male headed households; (c) households with more children are more vulnerable to macroeconomic shocks; and (d) transfer networks that may assist the poor in relatively stable periods do not appear to protect them during a major shock, with the exception of transfers that originate from outside Peru.
The Poverty And Distributional Impact Of Macroeconomic Shocks And Policies
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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.
Insurance Against Poverty
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Author : World Institute for Development Economics Research
language : en
Publisher: Oxford University Press
Release Date : 2005
Insurance Against Poverty written by World Institute for Development Economics Research and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
"This book evaluates alternatives in widening insurance and social protection provision - including sustainability and poverty effects, in thematic papers and case studies, development assessments, and policy analyses"--Provided by publisher.
Adaptive Social Protection
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Author : Thomas Bowen
language : en
Publisher: World Bank Publications
Release Date : 2020-06-12
Adaptive Social Protection written by Thomas Bowen 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 2020-06-12 with Political Science categories.
Adaptive social protection (ASP) helps to build the resilience of poor and vulnerable households to the impacts of large, covariate shocks, such as natural disasters, economic crises, pandemics, conflict, and forced displacement. Through the provision of transfers and services directly to these households, ASP supports their capacity to prepare for, cope with, and adapt to the shocks they face—before, during, and after these shocks occur. Over the long term, by supporting these three capacities, ASP can provide a pathway to a more resilient state for households that may otherwise lack the resources to move out of chronically vulnerable situations. Adaptive Social Protection: Building Resilience to Shocks outlines an organizing framework for the design and implementation of ASP, providing insights into the ways in which social protection systems can be made more capable of building household resilience. By way of its four building blocks—programs, information, finance, and institutional arrangements and partnerships—the framework highlights both the elements of existing social protection systems that are the cornerstones for building household resilience, as well as the additional investments that are central to enhancing their ability to generate these outcomes. In this report, the ASP framework and its building blocks have been elaborated primarily in relation to natural disasters and associated climate change. Nevertheless, many of the priorities identified within each building block are also pertinent to the design and implementation of ASP across other types of shocks, providing a foundation for a structured approach to the advancement of this rapidly evolving and complex agenda.
Dominica Poverty Reduction Strategy Paper
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Author : International Monetary Fund
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2006-08-04
Dominica Poverty Reduction Strategy Paper written by International Monetary Fund 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 2006-08-04 with categories.
The Growth and Social Protection Strategy (GSPS) provides the framework for Dominica's economic and social policies over the next five years and sets out the macroeconomic framework; the growth strategy, including the enabling environment for private enterprise and sectoral strategies; and poverty reduction and social protection programs. Economic growth in Dominica was curtailed by a conjuncture of unfavorable developments, particularly with respect to trade, but there were underlying weaknesses in the economy such as a reliance on one or two sectors, with this lack of diversity exacerbating its vulnerability to economic shocks.
The Poverty And Distributional Impact Of Macroeconomic Shocks And Policies
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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.
The Economics Of Poverty Traps
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Author : Christopher B. Barrett
language : en
Publisher: University of Chicago Press
Release Date : 2018-12-07
The Economics Of Poverty Traps written by Christopher B. Barrett and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-12-07 with Business & Economics categories.
What circumstances or behaviors turn poverty into a cycle that perpetuates across generations? The answer to this question carries especially important implications for the design and evaluation of policies and projects intended to reduce poverty. Yet a major challenge analysts and policymakers face in understanding poverty traps is the sheer number of mechanisms—not just financial, but also environmental, physical, and psychological—that may contribute to the persistence of poverty all over the world. The research in this volume explores the hypothesis that poverty is self-reinforcing because the equilibrium behaviors of the poor perpetuate low standards of living. Contributions explore the dynamic, complex processes by which households accumulate assets and increase their productivity and earnings potential, as well as the conditions under which some individuals, groups, and economies struggle to escape poverty. Investigating the full range of phenomena that combine to generate poverty traps—gleaned from behavioral, health, and resource economics as well as the sociology, psychology, and environmental literatures—chapters in this volume also present new evidence that highlights both the insights and the limits of a poverty trap lens. The framework introduced in this volume provides a robust platform for studying well-being dynamics in developing economies.
Protecting The Poor
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Author : International Labour Office
language : en
Publisher: International Labour Organization
Release Date : 2006
Protecting The Poor written by International Labour Office and has been published by International Labour Organization this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Business & Economics categories.
This compendium brings together the latest thinking of leading academics, actuaries, and insurance and development professionals in the microinsurance field. The result is a practical, wide-ranging resource which provides the most thorough overview of the subject to date. The book allows readers to benefit from the valuable lessons learned from a project launched by the CGAP Working Group on Microinsurance to analyse operations around the world. This volume covers the many aspects of microinsurance in detail including product design, marketing, premium collection and governance. It also discusses the various institutional arrangements available for delivery such as the community-based approach, insurance companies owned by networks of savings and credit cooperatives and microfinance institutions. The roles of key stakeholders are also explored and the book offers insightful strategies for achieving the right balance between coverage, costs and price.