Identifying Constraints to Financial Inclusion and Their Impact on GDP and Inequality : A Structural Framework for Policy »
Series: IMF Working Papers
Author(s): Era Dabla-Norris , Yan Ji , Robert Townsend , and Filiz Unsal
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 27 January 2015
Keywords: Financial inclusion, inequality, hetergenous agents, income, credit, gdp, wealth, equilibrium, Financial Markets and the Macroeconomy, Other
We develop a micro-founded general equilibrium model with heterogeneous agents to identify pertinent constraints to financial inclusion. We evaluate quantitatively the policy impacts of relaxing each of these const...