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9781405136334

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"""Including papers originally circulated through the World Bank, as well as new material that places this important work in its larger context, the book details the history and uses of these models and points to future developments for thier utilization."" International Social Security Review ""While economic growth may potentially raise living standards across the board in developing countries, the policies adopted at the macro level to promote growth are clearly not distribution-neutral. Because the urgency to raise living standards is greatest at the bottom of the income distribution in such countries, the need to understand the links between macroeconomic policies and poverty reduction looms large on the development research agenda. Unfortunately, because this issue is at the intersection of micro- and macroeconomics, it has tended to fall between the stools of researchers, despite the attention that the issue has recently received in policy circles. ""This volume represents an impressive start in redressing this situation. The papers contained here develop innovative analytical tools that are applied to investigate the employment and distributional effects of standard macroeconomic policies in the context of specific developing countries, showing the way to future progress in this important area of research. It is bound to become a standard reference for future research on the macroeconomics of unemployment and poverty reduction in developing countries."" Peter Montiel, Professor of Economics, Williams College"

Including papers originally circulated through the World Bank, as well as new material that places this important work in its larger context, the book details the history and uses of these models and points to future developments for thier utilization. International Social Security Review <!--end--> While economic growth may potentially raise living standards across the board in developing countries, the policies adopted at the macro level to promote growth are clearly not distribution-neutral. Because the urgency to raise living standards is greatest at the bottom of the income distribution in such countries, the need to understand the links between macroeconomic policies and poverty reduction looms large on the development research agenda. Unfortunately, because this issue is at the intersection of micro- and macroeconomics, it has tended to fall between the stools of researchers, despite the attention that the issue has recently received in policy circles. This volume represents an impressive start in redressing this situation. The papers contained here develop innovative analytical tools that are applied to investigate the employment and distributional effects of standard macroeconomic policies in the context of specific developing countries, showing the way to future progress in this important area of research. It is bound to become a standard reference for future research on the macroeconomics of unemployment and poverty reduction in developing countries. Peter Montiel, Professor of Economics, Williams College

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Pierre-Richard Agénor is Hallsworth Professor of International Macroeconomics and Development Economics at the University of Manchester, and co-director of the Centre for Growth and Business Cycle Research. His research interests include international macroeconomics, development economics, and growth theory. He has published widely in leading professional journals and is the author of several best-selling books, including Development Macroeconomics (with Peter Montiel) and The Economics of Adjustment and Growth. Alejandro Izquierdo is Senior Economist in the Research Department of the Inter-American Development Bank and a former economist at the World Bank. His current research focuses on international finance and open-economy macroeconomics, with a particular interest in the analysis of sudden stops in capital flows. Henning Tarp Jensen is Assistant Professor and member of the Development Economics Research Group (DERG) at the Institute of Economics, University of Copenhagen. He has a well-established publication record within the area of computable general equilibrium modeling and a long-standing research interest in low- and middle-income countries, including Mozambique and Vietnam, as well as Argentina, Brazil, Bolivia, Colombia, and Turkey.

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