Living through Crises

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LIVING THROUGH CRISES

(2) changes in aggregate labor demand that can reduce employment levels and wage rates; (3) changes in the rates of return on assets; (4) changes in levels of public transfers, in cash and kind; and (5) changes in community environment, in terms of public health or safety. Lustig and Walton (2009) identify a similar set. 4. Research in Indonesia also found broad agreement between quantitative and qualitative indicators of crisis impacts (McCulloch and Grover 2010), as well as some dissimilarities: the labor force survey showed that real wages in the formal sector increased during the crisis period, but this was not picked up in the qualitative research, which had focused on areas hard hit by the crisis. The qualitative study also uncovered weaknesses in the way the labor force survey treated migrant workers.

References Baldacci, E., L. de Mello, and G. Inchauste. 2002. “Financial Crisis, Poverty and Income Distribution.” Working Paper 02/04, International Monetary Fund, Washington, DC. Benson, T., N. Minot, J. Pender, M. Robles, J. von Braun. 2008. “Global Food Crises: Monitoring and Assessing Impact to Inform Policy Responses.” Food Policy Report, International Food Policy Research Institute, Washington, DC. Bourguignon, F., M. Bussolo, and L. Pereira da Silva. 2008. “Introduction: Evaluating the Impact of Macroeconomic Policies on Poverty and Income Distribution.” In The Impact of Macroeconomic Policies on Poverty and Income Distribution, ed. F. Bourguignon, M. Bussolo, and L. Pereira da Silva, 1–23. Washington, DC: World Bank. Brinkman, H. J., and C. S. Hendrix. 2011. “Food Insecurity and Violent Conflict: Causes, Consequences, and Addressing the Challenges.” Occasional Paper 24, World Food Programme, Rome. Chen, S., and M. Ravallion. 2009. “The Impact of the Global Financial Crisis on the World’s Poorest.” Development Research Group, World Bank, Washington, DC. http://www.voxeu.org/index.php?q=node/3520. Davies, M. 2011. “Designing Social Protection as an Effective and Sustainable Investment.” IDS In Focus Policy Briefing Issue 17, Institute of Development Studies, Brighton, U.K. Estrella, M., and J. Gaventa. 1998. “Who Counts Reality: Participatory Monitoring and Evaluation: A Literature Review.” IDS Working Paper 70, Institute of Development Studies, Brighton, U.K. Ferguson, N. 2008. The Ascent of Money. New York: Penguin Press. Ferreira, F., P. Leite, L. Pereira da Silva, and P. Picchetti. 2008. “Can the Distributional Impacts of Macroeconomic Shocks Be Predicted? A Comparison


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