English, Article, Journal or magazine article edition: Adjustment and income distribution : a counterfactual analysis Bourguinon, Francois; Branson, William H.; De Melo, Jaime

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Bookmark: http://trove.nla.gov.au/version/166266
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Adjustment and income distribution : a counterfactual analysis
Author
  • Bourguinon, Francois
  • Branson, William H.
  • De Melo, Jaime
Physical Description
  • preprint
Notes
  • This paper presents model simulations to quantify the effects of different stabilization packages in the distribution of income and wealth. The simulations suggest that a sharply contractionary stabilization package has a major adverse impact on the distribution of income. The shifts in distribution are likely to make the package less sustainable. The simulations support the view that stabilization packages which do not have specific components targeted to the poor will redistribute income in a way that, although transitory, is likely to permanently harm those below the poverty line - in terms of things like nutrition, health, and education. The sharp redistributive effects of stabilization packages that omit specific targeted policies to alleviate poverty are also likely to endanger the sustainability of the adjustment package.
  • Economic Theory&​Research,Environmental Economics&​Policies,Economic Stabilization,Banks&​Banking Reform,Inequality
  • RePEc:wbk:wbrwps:215
Language
  • English
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