02055cas a2200277 a 4500 AALejournalIMF006278 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451962963 1018-5941 BD-DhAAL BD-DhAAL Levine, Paul. Informal Labour and Credit Markets : A Survey / Paul Levine, Emanuela Lotti, Nicoletta Batini, Young-Bae Kim. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (41 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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 environments. We concentrate on labour and credit markets, since these tend to be most affected by informality. The phenomenon is particularly important in emerging and other developing economies, given their high degrees of informal labour and financial services and the implications these have for the effectiveness of macroeconomic policy. We emphasize the need for dynamic general equilibrium (DGE) and ultimately dynamic stochastic general equilibrium (DSGE) models for a full understanding of the costs, benefits and policy implications of informality. The survey shows that the literature on informality is quite patchy, and that there are several unexplored areas left for research. Mode of access: Internet Batini, Nicoletta. Kim, Young-Bae. Lotti, Emanuela. IMF Working Papers; Working Paper ; No. 2010/042 Full text available on IMF http://elibrary.imf.org/view/journals/001/2010/042/001.2010.issue-042-en.xml IMF e-Library