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DTSTART:20230326T010000
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DTSTART:20231029T010000
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DTSTART;TZID=Europe/Helsinki:20231211T121500
DTEND;TZID=Europe/Helsinki:20231211T133000
DTSTAMP:20260710T232557
CREATED:20230921T103603Z
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SUMMARY:PAPPADA Francesco  (Ca' Foscari and PSE)  "Rethinking the Informal Economy and the Hugo Effect"
DESCRIPTION:Macro seminar\nTime : 12h15 – 13h30 \nDate : 11 Décembre 2023 \nSalle 3001 \nPAPPADA Francesco (Ca’ Foscari and PSE) “Rethinking the Informal Economy and the Hugo Effect” \nAbstract: This paper offers a new approach to measuring the size of the informal economy based on VAT data for the European Union. Although data intensive\, our EVADE measure is simpler and more transparent than existing measures. EVADE also shows more variation across countries of Europe than earlier measures\, including significantly higher informality in Greece\, Italy and Spain\, for example. Moreover\, we find considerably higher variation within countries across time; in a cross-country time series regression\, controlling for tax rates\, we con- firm that the informal economy grows significantly in recessions and decreases in booms\, which we term the “Hugo effect”. \nJoint work : Kenneth Rogoff (Harvard University) \n Alessandro RIBONI (CREST) \n
URL:https://crest.science/event/pappada-francesco-pse-t-b-a/
CATEGORIES:Macroeconomics,Seminars
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