Kuhl Teles, Vladimir; Jr, Celso José Costa; Rosa, … - Escola de Economia de São Paulo (EESP), Fundação … - 2014
We studied the effects of changes in banking spreads on distributions of income, wealth and consumption as well as the welfare of the economy. This analysis was based on a model of heterogeneous agents with incomplete markets and occupational choice, in which the informality of firms and workers...