Macroeconomic Policies and Poverty goes beyond the traditional literature on poverty, dealing with this critical topic in a technically sophisticated, yet accessible manner. Departing from the conventional method employed in poverty studies, the innovative essays contained in this book enquire into the institutional characteristics of poverty such as the time-pattern of aid, the nature of financial systems, and the political economy of budgetary decisions. This book uses current case studies to examine the crucial idea that periods of crises have a particularly serious effect on poverty. Contributors include Martin Ravallion, Michael Kremer and Robert Townsend.

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