This paper provides an update of the methodology that country case studies can use when undertaking their research.
The methodology discusses how to report on:
• The national or regional components of the shock, to determine which countries are linked most closely to centres of the shock;
• What the effects on growth, investment, sectors, poverty and inequality are;
• What the policy responses have been.
Transmission mechanisms include:
• Private capital flows;
• Summary: balance of payments and exchange rate effects.
Growth and development effects cover:
• National-level growth effects;
• Fiscal effects;
• Sector effects;
• Poverty and inequality.
Policy responses can be divided into:
• Macroeconomic policies;
• Social policies;
• Economy-wide and structural policies;
• Donor responses.
Finally, we need to look ahead and see whether the country is well placed to gain from a recovery and to respond effectively to crises in the future.