Business Cycles, Economic Crises, and the Poor : Testing for Asymmetric Effects

The author examines whether output contraction associated with cyclical output fluctuations and economic crises have an asymmetric effect on poverty. He identifies four potential sources of asymmetry: expectations and cofident factors, credit ratio...

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Bibliographic Details
Main Author:	Agenor, Pierre-Richard
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ADVERSE SELECTION ADVERSE SELECTION PROBLEMS AGGREGATE DEMAND ASYMMETRIC INFORMATION AUTOREGRESSION BANK DEPOSITS BANK LENDING BANKING CRISIS BUSINESS CYCLE BUSINESS CYCLES CAPITAL MARKETS CENTRAL BANK CONSUMERS CONSUMPTION EXPENDITURES COVARIANCE MATRIX CREDIT CONSTRAINTS CREDIT RATIONING DEBT DEPENDENT VARIABLE DEVELOPING COUNTRIES DEVELOPMENT INDICATORS DYNAMIC PANEL ECONOMIC ANALYSIS ECONOMIC CRISES ECONOMIC DOWNTURNS ECONOMIC OUTLOOK ECONOMIC POLICY EDUCATED WORKERS ELASTICITY ELASTICITY OF SUBSTITUTION EMPIRICAL EVIDENCE EMPIRICAL STUDIES ENDOGENOUS VARIABLES EQUILIBRIUM EXCHANGE RATE EXCHANGE RATES FAMILIES FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL INSTITUTIONS FOREIGN EXCHANGE FUTURE RESEARCH GDP GDP PER CAPITA GROWTH RATE HUMAN CAPITAL INCOME INCOME GROWTH INCOME REDISTRIBUTION INCREASE POVERTY INDEPENDENT VARIABLES INFORMAL SECTOR INFORMATION PROBLEMS INNOVATION INSURANCE INTEREST RATE INTEREST RATES LABOR FORCE LABOR MARKET MACROECONOMIC ADJUSTMENT NATIONAL POVERTY LINE NET WORTH 0 HYPOTHESIS NUTRITION OPPORTUNITY COST OPTION VALUE OUTPUT GAP OUTPUT GROWTH PARENTS PERMANENT INCOME POINT DECLINE POLICY IMPLICATIONS POLICY RESEARCH POOR HOUSEHOLDS POVERTY LINE POVERTY RATE POVERTY RATES POVERTY REDUCTION PRODUCTIVITY REAL GDP REAL INCOME REAL WAGES RECESSION REDUCING POVERTY RISK PREMIUM SAFETY SAFETY NETS SAVINGS SIDE EFFECTS SIMULATION TECHNIQUES SKILLED LABOR SKILLED WORKERS SOCIAL COSTS STANDARD DEVIATION SUNK COSTS TRANSACTION COSTS UNEMPLOYMENT UNEMPLOYMENT RATE UNEMPLOYMENT RATES UNSKILLED LABOR URBAN POVERTY WEALTH
Online Access:	http://documents.worldbank.org/curated/en/2001/10/1615091/business-cycles-economic-crises-poor-testing-asymmetric-effects http://hdl.handle.net/10986/19502

Internet

http://documents.worldbank.org/curated/en/2001/10/1615091/business-cycles-economic-crises-poor-testing-asymmetric-effects
http://hdl.handle.net/10986/19502

Business Cycles, Economic Crises, and the Poor : Testing for Asymmetric Effects

Internet

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