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"Do aggregate economic shocks, such as those caused by macroeconomic crises or droughts, reduce child human capital? The answer to this question has important implications for public policy. If shocks reduce investments in children, they may transmit poverty from one generation to the next. This...
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"Developing countries face a host of macroeconomic challenges in the design and implementation of development strategies and policies. The importance of the underlying poverty and distributional issues creates a need for relevant and reliable ways of tracking the social impact of shocks and...
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sample of countries. Controlling for domestic conditions, the paper examines the growth and volatility effects of outcome … of nonlinearities by allowing the growth and volatility effects of openness to vary with the general level of economic … point toward strong non-monotonic effects of openness and external shocks on growth and volatility. Moreover, all in all …
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"The importance of distributional issues in policymaking creates a need for empirical tools to assess the social impact of economic shocks and policies. This paper reviews some of the modeling approaches that are currently in use at the World Bank and other international financial institutions....
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