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The Integrated Macroeconomic Model for Poverty Analysis: A Quantitative Macroeconomic Framework for the Analysis of Poverty Reduction Strategies

126 Pages Posted: 20 Apr 2016  

Pierre-Richard Agenor

University of Manchester - School of Social Sciences

Alejandro Izquierdo

Inter-American Development Bank (IDB) - Research Department

Hippolyte Fofack

World Bank

Date Written: July 2, 2003

Abstract

Agenor, Izquierdo, and Fofack present a dynamic, quantitative macroeconomic framework designed for analyzing the impact of adjustment policies and exogenous shocks on poverty and income distribution. They emphasize the role of labor market segmentation, urban informal activities, the impact of the composition of public expenditure on supply and demand, and credit market imperfections. Numerical simulations for a prototype low-income country highlight the importance of accounting for the various channels through which poverty alleviation programs and debt relief may ultimately affect the poor.

This paper - a product of the Poverty Reduction and Economic Management Division, World Bank Institute - is part of a larger effort in the institute to understand the impact of adjustment policies on the poor.

Suggested Citation

Agenor, Pierre-Richard and Izquierdo, Alejandro and Fofack, Hippolyte, The Integrated Macroeconomic Model for Poverty Analysis: A Quantitative Macroeconomic Framework for the Analysis of Poverty Reduction Strategies (July 2, 2003). World Bank Policy Research Working Paper No. 3092. Available at SSRN: https://ssrn.com/abstract=636454

Pierre-Richard Agenor (Contact Author)

University of Manchester - School of Social Sciences ( email )

Oxford Road
Manchester, M13 9PL
United Kingdom

Alejandro Izquierdo

Inter-American Development Bank (IDB) - Research Department ( email )

1300 New York Ave., NW
Washington, DC 20577
United States

Hippolyte Fofack

World Bank ( email )

1818 H Street, N.W.
Washington, DC 20433
United States

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