Slower growth and higher inflation can worsen poverty. By implication, maintaining macroeconomic stability is necessary to reduce poverty. When a typical aggregate demand (AD) policy for stabilization is not effective, however, its impact on poverty could be devastating as incomes of the poor...

Most studies attempting to link macroeconomic trends - particularly growth - and poverty have used aggregate cross-country data and unsophisticated regression models with limited usefulness for policy analyses. They do not really explain the mechanisms through which growth, let alone...

Slower growth and higher inflation can worsen poverty. By implication, maintaining macroeconomic stability is necessary to reduce poverty. When a typical aggregate demand (AD) policy for stabilization is not effective, however, its impact on poverty could be devastating as incomes of the poor...

The transition from Asian financial crisis into employment and income loss is analyzed in details by using a structural path analysis (SPA) and a price endogenous model of computable general equilibrium (CGE) type. Indonesia is taken as a case study. It is revealed that the damage in the real...