Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/63211
Authors: 
Chand, Sheetal K.
Year of Publication: 
2001
Series/Report no.: 
Memorandum, Department of Economics, University of Oslo 2001,15
Abstract: 
This paper examines how poverty alleviation can be incorporated as a policy objective in developing country macroeconomic models, analogous to the unemployment objective in industrial country applications. Three elements are involved: selection of the appropriate poverty measure, establishment of linkages with the rest of the macro model, and assessment of how the policy mix is affected. The IMF monetary model, which underpins its widespread adjustment programs, is reworked to include these elements. Some proposals are made to facilitate compliance with the balance of payments constraint, while restraining the extent to which the incidence of poverty rises from stabilization induced causes.
Subjects: 
Poverty alleviation
IMF monetary model
stabilization policy
JEL: 
E61
E32
F32
Document Type: 
Working Paper

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