Adjustment Policies, Poverty, and Unemployment: The IMMPA Framework
February 2009, Wiley-Blackwell
A class of dynamic computable general equilibrium models, IMMPA models are designed to analyze the impact of adjustment policies on unemployment and poverty in the developing world. Including both papers originally circulated through the World Bank, as well as new material that places this important work in its larger context, Adjustment Policies, Poverty, and Unemployment details the history and uses of these models to date, as well as pointing to future developments for their utilization.
About the Editors.
Introduction and Overview: Pierre-Richard Agénor, Alejandro Izquierdo, and Henning Tarp Jensen.
1. The Analytics of Segmented Labor Markets: Pierre-Richard Agénor.
2. The Macroeconomics of Poverty Reduction: Pierre-Richard Agénor.
3. The Mini Integrated Macroeconomic Model for Poverty Analysis: Pierre-Richard Agénor.
4. Unemployment and Labor Market Policies in Morocco: Pierre-Richard Agénor and Karim El Aynaoui.
5. The Complete IMMPA Framework for Low-Income Countries: Pierre-Richard Agénor, Alejandro Izquierdo, and Hippolyte Fofack.
6. Stabilization Policy, Poverty, and Unemployment in Brazil: Pierre-Richard Agénor, Reynaldo Fernandes, Eduardo Haddad, and Henning Tarp Jensen.
7. Disinflation, Fiscal Sustainability, and Labor Market Adjustment in Turkey: Pierre-Richard Agénor, Henning Tarp Jensen, Mathew Verghis, and Erinc Yeldan.
8. Linking Representative Household Models with Household Surveys for Poverty Analysis: A Comparison of Alternative Methodologies: Pierre-Richard Agénor, Derek H. C. Chen, and Michael Grimm.
9. Some Research Perspectives: Pierre-Richard Agénor, Alejandro Izquierdo, and Henning Tarp Jensen.
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.
- Catalogs Pierre-Richard Agenor’s pioneering work on Integrated Macroeconomics Models for Poverty Analysis (IMMPA) for the first time.
- Includes working papers originally circulated through the World Bank, as well as new material that places this important work in context.
- Details the history and uses of IMMPAs to date, and point to future developments for their 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