We study how digital adoption by firms—a precursor to automation—shapes the labor
market structure and worker outcomes in developing countries. Using a large sample of …

We document how informal employment in Mexico is countercyclical, lags the cycle and is
negatively correlated with formal employment. This contributes to explaining why total …

We incorporate remittances and micro-entrepreneurship (self-employment) into a small
open economy business cycle model with capital and labor market frictions. Countercyclical …

We provide evidence, based on a large sample of countries, on the effects of financial crises
on key labor market indicators, including official and unofficial employment, unemployment …

We ask how labor regulation and informality affect macroeconomic volatility and the
propagation of shocks in emerging economies. For this, we propose a small open economy …

The performance of a simple, countercyclical reserve requirement rule is studied in a
dynamic stochastic model of a small open economy with financial frictions, imperfect capital …

Self-employment comprises an important share of employment in many countries, and tends
to expand during downturns through higher inflows from unemployment. Furthermore …

This paper studies the extent to which alternative loan loss provisioning regimes affect the
procyclicality of the financial system and financial volatility. It uses a DSGE model with …

This paper quantifies the impact of three key external shocks–external demand, interest rate,
and uncertainty shocks–on emerging market economies (EMEs). We find that external …

This paper presents a comprehensive set of stylized facts for business cycles in India from
1950 to 2010. We show that most macroeconomic variables are less volatile in the post …