Micro-econometric and Micro-Macro Linked Models: Sequential Macro-Micro Modelling with Behavioral Microsimulations

Jann Lay

A chapter in Development Policies and Policy Processes in Africa, 2018, pp 117-136 from Springer

Abstract: Abstract Analyzing the poverty and distributional impact of macro events requires understanding how shocks or policy changes on the macro level affect household income and consumption. It is clear that this poses a formidable task, which of course raises the question of the appropriate methodology to address such questions. This paper presents one possible approach: A sequential methodology that combines a macroeconomic model with a behavioral micro-simulation. We discuss the merits and shortcomings of this approach with a focus on developing country applications with a short to medium run time horizon.

Keywords: Behavioral Microsimulation; Macro Model; Developing Country Application; Distributional Impact; Pesquisa Nacional Por Amostra De Domicilios (PNAD) (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:aaechp:978-3-319-60714-6_6

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DOI: 10.1007/978-3-319-60714-6_6

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