Structural Reform Packages, Sequencing, and the Informal Economy /

This paper explores the macroeconomic impacts of labor and product market deregulation using a small open-economy model with formal and informal markets. We examine both the long-run effects and the transition towards the post-reform equilibrium, while our main focus are reform packages and sequenci...

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Bibliographic Details
Call Number:Libro Electrónico
Main Authors: Munkacsi, Zsuzsa (Author), Saxegaard, Magnus (Author)
Format: Electronic eBook
Language:Inglés
Published: [Washington, D.C.] : International Monetary Fund, [2017]
Series:IMF working paper ; WP/17/125.
Subjects:
Informal sector (Economics)
Secteur informel (Économie politique)
BUSINESS & ECONOMICS > Economics > General.
BUSINESS & ECONOMICS > Reference.
Labor Market Policy.
Labor Market Reforms.
Fiscal Reforms.
Shadow Economy.
All Countries.
Online Access:Texto completo
Table of Contents:
  • Cover; Structural Reform Packages, Sequencing, and the Informal Economy; 1. Motivation and literature; 2. The model; 3. Calibration and Bayesian estimation; 4. Long- and short-run effects of deregulation policies in South-Africa; 5. Conclusion.

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