01825cas a2200265 a 4500 AALejournalIMF022042 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513545257 1018-5941 BD-DhAAL BD-DhAAL Anand, Rahul. Macroeconomic Impact of Product and Labor Market Reforms on Informality and Unemployment in India / Rahul Anand, Purva Khera. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (59 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 investigates the implications of lowering formal regulations in labor and product markets on informality and macroeconomic outcomes in India. We estimate a DSGE model with an informal sector, and rigidities in the formal labor and product markets. Along with increasing GDP and employment, deregulation also leads to lower informality and greater product market competition. Slow reallocation of resources between the formal and informal sectors leads to some adverse impacts in the short run that can be minimized by implementing a combined package of reforms. These impacts are shown to be greater in an economy with a larger informal sector. Mode of access: Internet Trade and Labor Market Interactions imf Khera, Purva. IMF Working Papers; Working Paper ; No. 2016/047 Full text available on IMF http://elibrary.imf.org/view/journals/001/2016/047/001.2016.issue-047-en.xml IMF e-Library