Knowing When You Do Not Know Simulating The Poverty And Distributional Impacts Of An Economic Crisis
economic crisis impactpoverty simulationdistributional effectsknowing what you don't knoweconomic modeling
This research explores the challenges of understanding the true impact of an economic crisis on poverty and income distribution. It delves into the importance of acknowledging the limits of our knowledge when building economic models and simulating potential outcomes. By simulating the poverty and distributional impacts of an economic crisis, the study aims to provide valuable insights for policymakers and researchers seeking to mitigate the negative consequences of economic downturns and improve social safety nets for the most vulnerable populations.