Mascarúa, Miguel; Montañez-Enríquez, Ricardo - In: Latin American journal of central banking : LAJCB 6 (2025) 3, pp. 1-12
What are the aggregate consequences of policies that target adopting more efficient technologies in an economy with a large informal sector? Using a heterogeneous agents model with endogenous occupation choice between workers and formal and informal entrepreneurs and calibrated to Mexico, we...