Can the distributional impacts of macroeconomic shocks be predicted? A comparison of the performance of macro-micro models with historical data for Brazil (English)

What was the impact of Brazil's 1998-99 currency crisis-which resulted in a change of exchange rate regime and a large real devaluation-on the occupational structure of the labor force and the distribution of incomes? Would it have been possible to predict such effects ahead of the crisis? The authors present an integrated macro-micro model of the Brazilian economy in 1998. The model consists of an applied general equilibrium macroeconometric component...
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Citation

Ferreira,Francisco H. G.; Pereira Guimaraes Leite,Phillippe George; Pereira Da Silva,Luiz A.; Picchetti,Paulo.

Can the distributional impacts of macroeconomic shocks be predicted? A comparison of the performance of macro-micro models with historical data for Brazil (English). Policy, Research working paper ; no. WPS 3303 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/363521468744104991

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