Acknowledgments |
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xiii | |
About the Editors |
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xv | |
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Introduction and Overview |
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1 | (7) |
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The Analytics of Segmented Labor Markets |
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8 | (59) |
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Overview of Labor Markets |
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9 | (15) |
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9 | (2) |
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Composition of Employment |
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11 | (1) |
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Public Sector Pay and Employment |
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12 | (1) |
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Labor Market Institutions and Regulations |
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13 | (9) |
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22 | (2) |
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Urban Labor Mobility and the Harris Todaro Framework |
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24 | (3) |
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Wage Formation in the Formal Sector |
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27 | (20) |
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28 | (14) |
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42 | (2) |
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44 | (1) |
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45 | (2) |
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47 | (1) |
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A Shirking Model with Segmented Markets |
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47 | (15) |
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48 | (3) |
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Equilibrium with Skilled Unemployment |
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51 | (5) |
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Labor Mobility and Unskilled Unemployment |
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56 | (3) |
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Increase in the Minimum Wage |
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59 | (3) |
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62 | (5) |
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Appendix: The Impact of a Change in the Minimum Wage |
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63 | (4) |
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The Macroeconomics of Poverty Reduction |
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67 | (43) |
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69 | (10) |
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A Topic Neglected by Macroeconomists |
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69 | (3) |
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An Excessive Focus on Micro Aspects and Measurement Issues |
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72 | (1) |
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The Confusion over ``Pro-Poor Growth'' |
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73 | (6) |
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Transmission of Macro Shocks to the Poor |
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79 | (7) |
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The Central Role of the Labor Market |
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79 | (1) |
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Changes in Aggregate Demand |
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80 | (1) |
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Expenditure Deflators and Inflation |
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81 | (1) |
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The Real Exchange Rate and the Supply Side |
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82 | (1) |
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83 | (1) |
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Growth and Distributional Effects |
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84 | (1) |
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Recessions and Crises: Asymmetric Effects |
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85 | (1) |
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Theoretical Models for Poverty Analysis |
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86 | (10) |
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A Two-Household Framework |
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86 | (6) |
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92 | (2) |
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Cut in Government Spending |
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94 | (2) |
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96 | (8) |
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96 | (4) |
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Asymmetric Effects of Output Shocks |
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100 | (1) |
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Welfare Costs of Macroeconomic Volatility |
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100 | (1) |
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Unemployment-Poverty Trade-offs |
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101 | (1) |
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Can Redistribution Hurt the Poor? |
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102 | (2) |
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104 | (6) |
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Appendix A: Asymmetric Effects of Output Shocks |
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106 | (2) |
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Appendix B: Dynamic Structure and Stability Conditions |
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108 | (2) |
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The Mini Integrated Macroeconomic Model for Poverty Analysis |
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110 | (68) |
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113 | (25) |
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113 | (3) |
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116 | (9) |
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125 | (1) |
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126 | (1) |
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127 | (2) |
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129 | (1) |
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Private Consumption and Savings |
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130 | (1) |
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130 | (2) |
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132 | (1) |
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133 | (3) |
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Poverty and Distributional Effects |
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136 | (2) |
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138 | (31) |
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Reduction in the Minimum Wage |
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139 | (9) |
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Cut in Payroll Taxes on Unskilled Labor |
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148 | (21) |
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169 | (9) |
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Appendix: Calibration and Parameter Values |
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171 | (7) |
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Unemployment and Labor Market Policies in Morocco |
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178 | (56) |
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The Labor Market in Morocco |
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180 | (13) |
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180 | (1) |
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Employment, Unemployment, and the Returns to |
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181 | (4) |
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Regulatory and Institutional Features |
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185 | (3) |
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188 | (1) |
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Domestic and International Labor Migration |
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189 | (2) |
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Constraints and Challenges |
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191 | (2) |
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193 | (21) |
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193 | (4) |
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Wages, Employment, Migration, and Skills Acquisition |
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197 | (7) |
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204 | (2) |
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206 | (1) |
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206 | (2) |
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208 | (2) |
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Consumption, Savings, and Investment |
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210 | (1) |
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211 | (2) |
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213 | (1) |
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214 | (14) |
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214 | (7) |
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Reduction in Payroll Taxes on Unskilled Labor |
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221 | (7) |
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228 | (6) |
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Appendix: Calibration and Parameter Values |
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230 | (4) |
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The Complete IMMPA Framework for Low-Income Countries |
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234 | (95) |
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236 | (31) |
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236 | (4) |
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Wage Formation, Employment, Migration, and Skills Acquisition |
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240 | (8) |
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248 | (2) |
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250 | (1) |
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250 | (3) |
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253 | (2) |
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Savings, Consumption, and Investment |
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255 | (2) |
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257 | (5) |
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262 | (5) |
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Poverty and Income Distribution Indicators |
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267 | (8) |
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275 | (2) |
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275 | (2) |
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277 | (1) |
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Some Illustrative Experiments |
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277 | (50) |
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278 | (11) |
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Cut in Domestic Credit to Government |
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289 | (10) |
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Debt Reduction and Expenditure Reallocation |
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299 | (28) |
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327 | (2) |
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Stabilization Policy, Poverty, and Unemployment in Brazil |
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329 | (54) |
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An IMMPA Framework for Brazil |
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331 | (24) |
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332 | (2) |
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Wages, Employment, Migration, and Skills Acquisition |
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334 | (5) |
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339 | (1) |
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340 | (1) |
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341 | (2) |
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343 | (1) |
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Savings, Financial Wealth, and Investment |
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344 | (1) |
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Asset Allocation and the Financial Sector |
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345 | (4) |
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349 | (4) |
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Balance of Payments and the Exchange Rate |
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353 | (1) |
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Currency and Bond Market Equilibrium |
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354 | (1) |
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Poverty and Income Distribution Indicators |
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355 | (4) |
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Calibration and Survey Characteristics |
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359 | (1) |
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Stabilization, Unemployment, and Poverty |
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359 | (12) |
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371 | (12) |
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Appendix C: Calibration and Parameter Values |
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373 | (10) |
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Disinflation, Fiscal Sustainability, and Labor Market Adjustment in Turkey |
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383 | (82) |
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388 | (38) |
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388 | (3) |
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391 | (9) |
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Export Supply and Import Demand |
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400 | (1) |
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Aggregate Supply and I Demand |
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400 | (1) |
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401 | (3) |
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Savings and Wealth Accumulation |
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404 | (1) |
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405 | (3) |
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Asset Allocation and the Credit Market |
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408 | (9) |
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417 | (2) |
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The Balance of Payments and the Exchange Rate |
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419 | (1) |
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Currency and Bond Market Equilibrium |
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420 | (1) |
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421 | (2) |
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Default Risk, Credibility, and Expectations |
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423 | (3) |
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426 | (1) |
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426 | (28) |
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Increase in Official Interest Rates |
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427 | (10) |
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437 | (17) |
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454 | (11) |
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Appendix: Calibration and Parameter Values |
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456 | (9) |
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Linking Representative Household Models with Household Surveys for Poverty Analysis: A Comparison of Alternative Methodologies |
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465 | (44) |
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Macro-RHG Models and Poverty Analysis |
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466 | (1) |
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Linking Income Survey Data with Macro-RHG Models |
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467 | (9) |
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A Simple Micro-Accounting Method |
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468 | (2) |
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An Extension with Reweighting Techniques |
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470 | (2) |
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The Use of Distribution Functions |
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472 | (4) |
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476 | (3) |
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Production and the Labor Market |
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476 | (2) |
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Composition of Demand and Prices |
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478 | (1) |
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478 | (1) |
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Investment-Savings Balance |
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479 | (1) |
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Public Sector and the Balance of Payments |
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479 | (1) |
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Comparing Policy Shocks with Alternative Linkages |
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479 | (23) |
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Reduction in the Minimum Wage |
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480 | (11) |
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Increase in Employment Subsidies |
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491 | (11) |
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502 | (7) |
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Appendix A: Reweighting when Using Real Survey Data |
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504 | (1) |
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Appendix B: Estimated Shape Parameters and Fitted Poverty Measures with Beta Distribution Functions |
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505 | (4) |
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Some Research Perspectives |
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509 | (10) |
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Labor Market Structure and Policies |
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510 | (1) |
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Macroeconomic Effects of Foreign Aid |
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511 | (2) |
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Public Investment, Growth, and Congestion Costs |
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513 | (2) |
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Linking Macro Models and Surveys |
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515 | (4) |
References |
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519 | |