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Money, inflation, and unemployment in the presence of informality
Lahcen, Mohammed Aït - 2017
This paper studies the impact of informality on the long-run relationship between inflation and unemployment in … developing economies. I present a dynamic general equilibrium model with informality in both labor and goods markets and where … informality when considering the inflation-unemployment trade-off in the conduct of monetary policy. …
Persistent link: https://www.econbiz.de/10011969183
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Informality, consumption taxes and redistribution
Bachas, Pierre; Gadenne, Lucie; Jensen, Anders - 2022
Can taxes on consumption redistribute in developing countries? Contrary to consensus, we show that taxing consumption is progressive once we account for informal consumption. Using household expenditure surveys in 32 countries we proxy for informal consumption using the type of store where...
Persistent link: https://www.econbiz.de/10014480353
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A contribution to the theory of financial fragility and crisis
Bhaduri, Amit - 2010
The paper examines three aspects of a financial crisis of domestic origin. The first section studies the evolution of a debt-financed consumption boom supported by rising asset prices, leading to a credit crunch and fluctuations in the real economy, and, ultimately, to debt deflation. The next...
Persistent link: https://www.econbiz.de/10010286546
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The meltdown of the global economy: A Keynes-Minsky episode?
Sen, Sunanda - 2010
The enormity and pervasiveness of the global economic crisis that began in 2008 makes it relevant to analyze the circumstances that can explain this catastrophe. This will also provide clues to the appropriate remedial measures needed to prevent future occurrences of similar developments. The...
Persistent link: https://www.econbiz.de/10010286548
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Money and Liquidity in Financial Markets
Nyborg, Kjell G.; Östberg, Per - Swiss National Centre of Competence in Research North … - 2010
We argue that there is a connection between the interbank market for liquidity and thebroader financial markets, which has its basis in demand for liquidity by banks. Tightnessin the interbank market for liquidity leads banks to engage in what we term “liquiditypull-back,” which involves...
Persistent link: https://www.econbiz.de/10009305106
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Characteristics of the household sector of the hidden economy in an emerging economy
Sookram, Sandra; Schneider, Friedrich G.; Watson, … - 2006
Using the case study of Trinidad and Tobago we investigate for an emerging economy the socioeconomic, demographic, and attitudinal characteristics that influence the propensity of individuals in the household sector to participate in the hidden economy and their perception of the risk of...
Persistent link: https://www.econbiz.de/10010294558
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How does corruption affect public debt? An empirical analysis
Cooray, Arusha; Schneider, Friedrich - 2013
This paper examines the relationship between corruption and public debt in 106 countries. Results suggest that corruption leads to an increase in public debt. We also investigate if the effect of corruption on pblic debt is increased by government expenditure, the shadow economy and military...
Persistent link: https://www.econbiz.de/10010368254
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Estimating the size of the shadow economy: Methods, problems and open questions
Schneider, Friedrich; Buehn, Andreas - 2013
This paper presents the various methods to estimate the size of the shadow economy, their strengths and weaknesses. The purpose of the paper is twofold. Firstly, it demonstrates that no ideal method to estimate the size and development of the shadow economy exists. Because of its flexibility,...
Persistent link: https://www.econbiz.de/10010368263
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Implausible large differences in the sizes of underground economies in highly developed European countries? A comparison of different estimation methods
Schneider, Friedrich - 2017
In this paper, first, the MIMIC estimation method is described and criticized and due to a double counting problem a correction is suggested. Second, the measurement methods used for National Accounts Statistics - the discrepancy method and two new micro survey methods - are described and a...
Persistent link: https://www.econbiz.de/10011916754
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Understanding informality
Elgin, Ceyhun; Kose, M. Ayhan; Ohnsorge, Franziska; Yu, Shu - 2021
have strong cross-country and over time coverage: it includes both model-based and survey-based measures of informality and …
Persistent link: https://www.econbiz.de/10012628466