argue that the rate of inflation is important in explaining the nexus between informality and homeownership rates … economize on their short-term cash usage and avoid periodic rental payments when (i) informality is associated with constrained …

This paper studies the impact of informality on the long-run relationship between inflation and unemployment in … developing economies. I present a dynamic general equilibrium model with informality in both labor and goods markets and where … informality when considering the inflation-unemployment trade-off in the conduct of monetary policy. …