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Macroeconomic policy, external shocks and social protection

Economic vulnerability to external shocks, social protection and poverty in Latin America

Economic vulnerability to external shocks, social protection and poverty in Latin America. Conditional cash transfers and non-contributory pension plans can be viable fiscal instruments to offset the negative effects of external shocks on poverty and inequality. This conclusion is drawn from applying an integrated macro-micro modelling framework with data from Bolivia, Colombia, Costa Rica, Ecuador, Guatemala, Nicaragua and Mexico. The results of country studies conducted by national teams were integrated into a comparative analysis. The modelling framework, described in detail, takes explicit account of social protection systems and policies, and is used to gauge the economy-wide effects of external shocks and policy responses through scenario analyses.

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MDGs News

The book "Financing Human Development in Africa, Asia and the Middle East" is forthcoming in the fourthquarter of 2012.

The book's quantitative assessments, conclusions drawn, and policy recommendation are prepared based on the country studies of the project "Realizing the Millennium Development Goals through socially inclusive macroeconomic policies".

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