Financial Frictions and Firm Informality : A General Equilibrium Perspective /

In this paper we build a model of occupational choice with informal production and progressive income taxation. We calibrate the model to the Brazilian economy to evaluate the impact of removing financial frictions on informality. We find that financial deepening leads to a drop in the size of the i...

Mô tả đầy đủ

Chi tiết về thư mục
Tác giả chính: Franjo, Luis
Tác giả khác: Pouokam, Nathalie, Turino, Francesco
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 2020.
Loạt:IMF Working Papers; Working Paper ; No. 2020/211
Truy cập trực tuyến:Full text available on IMF