This paper introduces a comprehensive database of informal economic activity. The database focuses on measures that have strong cross-country and over time coverage: it includes both model-based and survey-based measures of informality and covers more than 160 economies for the period 1990-2018....

We study the degree of synchronization between formal- and informal-economy business cycles. Using a comprehensive database of informal activity that covers a wide range of informality measures from almost 160 countries over the 1990-2018 period, we report two major results. First, fluctuations...

Intro -- Contents -- Editorial -- Abstracts -- 1 Assessing Structural VARs -- 2 Volatility and Dispersion in Business Growth Rates: Publicly Traded versus Privately Held Firms -- 3 Do Taxes Explain European Employment? Indivisible Labor, Human Capital, Lotteries, and Savings -- 4 Fluctuating...