Mitigating the Social Costs of the Economic Crisis and the Reform Programs in Asia

Marijn Verhoeven, Sanjeev Gupta, Gerd Schwartz, Calvin McDonald, Željko Bogetic and Christian Schiller

No 1998/007, IMF Policy Discussion Papers from International Monetary Fund

Abstract: This paper presents a preliminary analysis of the likely social impact of the economic crisis and the reform programs in three Asian countries—Indonesia, Korea, and Thailand. The focus is on likely changes in real consumption expenditures arising from higher inflation and increases in unemployment. The current social policy measures adopted in the reform programs should provide significant social safety nets for the poor. However, if the social impact turns out to be larger than projected, it would be worthwhile to assess cost-effective and efficient alternatives for expanding social safety nets. The paper presents some options that could be considered.

Keywords: PDP; Indonesia; Thailand; price; price increase; poverty; social safety nets; social impact; Asia; poverty line; income share; PPP terms; per capita income; household expenditure data; nominal wage; price change; income distribution; Inflation; Income; Unemployment; Consumption; Household consumption; Asia and Pacific (search for similar items in EconPapers)
Pages: 32
Date: 1998-06-01
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=2650 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfpdp:1998/007

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Policy Discussion Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().