Author/Editor: Roel M W J Beetsma, Xavier Debrun, Xiangming Fang, Young Kim, Victor Duarte Lledo, Samba Mbaye, Xiaoxiao Zhang.

Release Date:March, 2018

Countries increasingly rely on independent fiscal councils to constrain policymakers’ discretion and curb the bias towards excessive deficits and pro-cyclical policies. Since fiscal councils more...

Author/Editor: Paul Levine, Emanuela Lotti, Nicoletta Batini, Young-Bae Kim.

Release Date:February, 2010

This paper reviews the literature on the informal economy, focusing first on empirical findings and then on existing approaches to modeling informality within both partial and general equilibrium more...