Narrow search
Showing 1 - 10 of 3,634
Cover Image
Homeownership, informality and the transmission of monetary policy
Elgin, Ceyhun; Uras, Burak R. - In: Journal of Banking & Finance 49 (2014) C, pp. 160-168
argue that the rate of inflation is important in explaining the nexus between informality and homeownership rates … economize on their short-term cash usage and avoid periodic rental payments when (i) informality is associated with constrained …
Persistent link: https://www.econbiz.de/10011118116
Cover Image
Investment, matching and persistence in a modified cash-in-advance economy
Auray, Stéphane; de Blas, Beatriz - In: Journal of Economic Dynamics and Control 37 (2013) 3, pp. 591-610
We simulate and estimate a new Keynesian search and matching model with sticky wages in which capital has to be financed with cash, at least partially. Our objective is to assess the ability of this framework to account for the persistence of output and inflation observed in the data. We find...
Persistent link: https://www.econbiz.de/10010608455
Cover Image
Effects of direct pricing of retail payment methods in Norway
Hromcová, Jana; Callado-Muñoz, Francisco J.; … - In: Economic Modelling 37 (2014) C, pp. 428-438
In this paper we develop a model where agents can acquire goods using cash and two non-cash alternatives. We use it to study the effects of the pricing policy of payment methods implemented in Norway, carried out by individual banks and promoted by the authorities. We show that this policy...
Persistent link: https://www.econbiz.de/10011048752
Cover Image
Macroeconomic volatility: The role of the informal economy
Restrepo-Echavarria, Paulina - In: European Economic Review 70 (2014) C, pp. 454-469
Many countries have a large informal economy that is poorly measured in the national accounts. I develop a two-sector small open economy business cycle model where one sector is formal and the other is informal, and explore the effect that the informal sector has on measured business cycles. I...
Persistent link: https://www.econbiz.de/10010931008
Cover Image
Could Mexico become the new "China"? : policy drivers of competitiveness and productivity
Dougherty, Sean M.; Escobar, Octavio R. - 2016
sluggish productivity improvements, particularly to determine how labour informality may have contributed. The study takes …
Persistent link: https://www.econbiz.de/10011610937
Cover Image
Informality, financial development and macroeconomic volatility
Mitra, Shalini - In: Economics Letters 120 (2013) 3, pp. 454-457
capital constraint. Informality on the other hand lowers relative consumption volatility by weakening the working capital …
Persistent link: https://www.econbiz.de/10010681775
Cover Image
Efficiency in a search and matching economy with a competitive informal sector
Charlot, Olivier; Malherbet, Franck; Ulus, Mustafa - In: Economics Letters 118 (2013) 1, pp. 192-194
results give a rationale to informality-reducing policies. …
Persistent link: https://www.econbiz.de/10010603123
Cover Image
Government policy in the formal and informal sectors
Prado, Mauricio - In: European Economic Review 55 (2011) 8, pp. 1120-1136
to operate in the informal sector. I use cross-country data on taxes, measures of informality, and measures of regulation … similar decomposition to that of Hall and Jones (1999), I find that distortions associated with informality account for a …
Persistent link: https://www.econbiz.de/10010573222
Cover Image
Informality in developing economies: Regulation and fiscal policies
Charlot, Olivier; Malherbet, Franck; Terra, Cristina - In: Journal of Economic Dynamics and Control 51 (2015) C, pp. 1-27
individual or collective bargaining. Our model matches the main stylized facts on informality for developing countries and … appears to be a good candidate for policy analysis. In this framework, we study the impact on informality, wages and … unemployment of policies that may be used to reduce informality. We consider changes in product market regulation (PMR) and in two …
Persistent link: https://www.econbiz.de/10011190670
Cover Image
Pledgability and Liquidity: A New Monetarist Model of Financial and Macroeconomic Activity
Wright, Randall; Venkateswaran, Venky - National Bureau of Economic Research (NBER) - 2013
When limited commitment hinders unsecured credit, assets help by serving as collateral. We study models where assets differ in pledgability - the extent to which they can be used to secure loans - and hence liquidity. Although many previous analyses of imperfect credit focus on producers, we...
Persistent link: https://www.econbiz.de/10010969326