As crude oil prices reach new highs, there is renewed concern about how external shocks will affect growth and poverty in developing countries. This paper describes a macro-micro framework for examining the structural and distributional consequences of a significant external shock-an increase in...

Economic development necessarily changes the welfare of socioeconomic groups to various degrees, depending on differences in their social arrangements. The challenge for policymakers is to select the changes that will be most socially desirable. Essama-Nssah demonstrates the usefulness of...

As crude oil prices reach new highs, there is renewed concern about how external shocks will affect growth and poverty in developing countries. This paper describes a macro-micro framework for examining the structural and distributional consequences of a significant external shock-an increase in...