Imperfect tax legislation, high levels of corruption, and shadow economy lead to the
deterioration of macroeconomic situation and economic imbalances in the countries. The …

This paper investigates the role of informality in affecting the magnitude of the fiscal
multiplier in a panel of 141 countries, using the local projections method. We find a strong …

A large body of literature has investigated interrelations between the informal sector and
institutions. Yet no consensus has emerged on the exact determinants of or transmission …

Does public debt moderate government spending – informal economy nexus? Evidence from
the Asian countries | Emerald Insight Books and journals Case studies Expert Briefings Open …

We reconsider the macroeconomic effects of fiscal policy in an estimated dynamic stochastic
general equilibrium model with limited tax enforcement. The results of the Bayesian …

Purpose This paper studies the relation between corporate tax evasion, job creation and
optimal fiscal policy. Job creation depends on firms' profits since firms open (“create”) new …

The shadow economy has emerged as a challenging issue for countries globally,
particularly emerging markets. An increased budget deficit prevents the governments from …

Economic policies have been shown to affect the macroeconomy in a different fashion when
a sizeable shadow economy is explicitly taken into account. But, in spite of its seemingly …

This paper investigates the effects of fiscal impulses on macroeconomic variables within a
New-Keynesian DSGE framework featuring an informal economy that allows for the …

In this paper we investigate the response of two inequality metrics to different IMF programs.
To this end, we use a relatively large annual (unbalanced) cross-country panel dataset that …