Agenor, Pierre-RichardIzquierdo, AlejandroFofack, Hippolyte2014-05-052014-05-052003-07https://hdl.handle.net/10986/18155The authors 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.en-USCC BY 3.0 IGOACCOUNTINGADJUSTMENT POLICIESAGRICULTURAL PRODUCTIONAGRICULTURAL SECTORAGRICULTUREBALANCE OF PAYMENTSBALANCE SHEETBANK DEPOSITSBANK LENDINGBASKET OF GOODSCAPACITY BUILDINGCAPITAL FLIGHTCAPITAL FLOWSCAPITAL FORMATIONCAPITAL REQUIREMENTSCDCENTRAL BANKCOMMERCIAL BANKSCONCESSIONAL LENDINGCONSUMER PRICE INDEXCONSUMERSCONSUMPTION PATTERNSDEBTDEBT RELIEFDEMAND CURVEDEVELOPING COUNTRIESDEVELOPMENT POLICYDEVELOPMENT STRATEGIESDIRECT IMPACTDONOR AGENCIESECONOMIC ACTIVITYECONOMIC GROWTHECONOMIC MANAGEMENTECONOMIC PERFORMANCEECONOMISTSELASTICITYELASTICITY OF SUBSTITUTIONEMPIRICAL EVIDENCEEMPLOYMENTENDOGENOUS VARIABLESEQUILIBRIUMEXCESS SUPPLYEXOGENOUS VARIABLESEXPECTED UTILITYEXPORTSEXTERNAL DEBTFINANCIAL INSTITUTIONSFINANCIAL SECTORFUNCTIONAL FORMSGDPGROWTH RATEIMPERFECT INFORMATIONINCOMEINCOME COUNTRIESINCOME DISTRIBUTIONINCOME INEQUALITYINDEBTED COUNTRIESINDEXATIONINFORMAL ACTIVITIESINFORMAL ECONOMYINFORMAL EMPLOYMENTINFORMAL LABOR FORCEINFORMAL SECTORINTEREST RATEINTEREST RATESLABOR FORCELABOR MARKETLABOR MARKETSLABOR SUPPLYLEGISLATIONLENDING RATESLOW- INCOME COUNTRIESLOW-INCOME COUNTRIESMACROECONOMIC FRAMEWORKMACROECONOMIC MODELSMACROECONOMIC SHOCKSMARGINAL PRODUCTIVITYMIGRATIONMINIMUM WAGENET WORTHPOLICY ANALYSISPOLICY ANALYSTSPOLICY RESEARCHPOLITICAL FACTORSPOOR COUNTRIESPOVERTY ALLEVIATIONPOVERTY ANALYSISPOVERTY REDUCTIONPOVERTY REDUCTION STRATEGIESPOVERTY REDUCTION STRATEGYPOWER PLANTSPRIVATE GOODSPRIVATE SECTORPRODUCTION FUNCTIONSPRODUCTION TECHNOLOGYPRODUCTIVITYPUBLIC EXPENDITUREPUBLIC GOODPUBLIC GOODSPUBLIC SECTORPUBLIC TRANSPORTATIONPURCHASING POWERREAL TERMSRETURNS TO SCALERISK AVERSIONRURAL AREASRURAL ECONOMYRURAL HOUSEHOLDSSAVINGSSECTOR EMPLOYMENTSTRUCTURAL ADJUSTMENTSTRUCTURAL REFORMSTAXATIONTIME FRAMEUNEMPLOYMENTURBAN AREASURBAN ECONOMYURBAN HOUSEHOLDSURBAN POORVALUE ADDEDWAGE DIFFERENTIALSWAGESWEALTH10.1596/1813-9450-3092