Finkelstein-Shapiro, Alan; Gómez, Andrés González - Inter-American Development Bank - 2015
frictional, endogenous self-employment entry and a link between formal credit markets, informal credit, and the labor market. The … credit between firms, and self-employment plays a key role in explaining the adverse impact of macroprudential policy on … unemployment dynamics. The findings point to potential gains from policy complementarities between macroprudential regulation and …