Title
Knowing When You Do Not Know: Simulating The Poverty And Distributional Impacts Of An Economic Crisis (World Bank Studies),New
Delivery time: 8-12 business days (International)
Economists have long sought to predict how macroeconomic shocks willaffect individual welfare. Macroeconomic data and forecasts are easilyavailable when crises strike. But policy action requires not onlyunderstanding the magnitude of a macro shock, but also identifyingwhich households or individuals are being hurt by (or benefit from) thecrisis.A popular solution is to extrapolate the welfare impact of a shockfrom the historical response of income or consumption poverty tochanges in output, by estimating an 'elasticity' of poverty togrowth. Although this method provides an estimate for the aggregatepoverty impact of a macro shock, it has limited value for analysts andpolicymakers alike. Aggregate numbers are useful to capture theattention of policymakers and the international community, but in theabsence of any information on who is affected and to what extent,provide little guidance on what actions need to be taken.This volume outlines a more comprehensive approach to the problem,showcasing a microsimulation model, developed in response to demandfrom World Bank staff working in countries and country governments inthe wake of the global financial crisis of 200809. Starting with theidea of using simple macroeconomic projections as the 'macrolinkages' to a micro behavioral model built from household data,the model was conceptualized, refined and tested in a diverse mix ofcountries: Bangladesh, Philippines, Mexico, Poland and Mongolia. Theresults fed into country policy dialogue and lending operations of Bankteams, as well as various reports, research papers and briefs.
By changing our most important processes and
products, we have already made a big leap forward. This ranges from the
increased use of more sustainable fibers to the use of more
environmentally friendly printing processes to the development of
efficient waste management in our value chain.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.
Shipping & Returns
Shipping
We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.
Returns
To facilitate a smooth return process, a Return Authorization (RA) Number is required for all returns. Returns without a valid RA number will be declined and may incur additional fees. You can request an RA number within 15 days of the original delivery date. For more details, please refer to our Return & Refund Policy page.
Shipping & Returns
Shipping
We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.
Returns
To facilitate a smooth return process, a Return Authorization (RA) Number is required for all returns. Returns without a valid RA number will be declined and may incur additional fees. You can request an RA number within 15 days of the original delivery date. For more details, please refer to our Return & Refund Policy page.
Warranty
We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
Warranty
We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
Secure Payment
Your payment information is processed securely. We do not store credit card details nor have access to your credit card information.
We accept payments with :
Visa, MasterCard, American Express, Paypal, Shopify Payments, Shop Pay and more.
Secure Payment
Your payment information is processed securely. We do not store credit card details nor have access to your credit card information.
We accept payments with :
Visa, MasterCard, American Express, Paypal, Shopify Payments, Shop Pay and more.