Evaluating the Impact of Recession and Government Responses
|Course Theme:||Growth and Competitiveness|
|Sub-Theme:||Pathways to Development|
|Amount:||US $ 0 (course is free of charge)|
|Contact Name:||Raj Nallari|
This course will help to understand possible mechanisms by which shocks are transmitted from one economy to another, including through trade, remittances, commodity prices, short- and long-run capital flows, travel and tourism, foreign aid, real interest rates and confidence. The relative importance of the different transmission mechanisms varies widely from country to country, which in turn has implications for the appropriate policy response. The course will also discuss government responses and their possible implications for income distribution and poverty.
This course will:
- consider both macro-and micro-level impacts of global recession and government policy responses;
- demonstrate how sector-level effects can be measured using standard input-output, or a social accounting matrix (SAM)-based multiplier analysis;
- show how household-level effects can be measured using household data; and
- discuss how to establish an appropriate counterfactual, which allows one to estimate the effects of a shock or policy.
Policy analysts of relevant government ministries, including finance, academicians, researchers and mid-level policymakers from developing countries.