The monetary method to measure the shadow economy: The forgotten problem of the initial conditions
Journal article: We show that when the money demand function used to estimate the size of the shadow economy includes the lagged dependent variable, the need to assume a known initial condition reappears as it was the case in the early monetary methods.
Author(s)
Hildegart Ahumada, Facundo Alvaredo, Alfredo Canavese
Journal
- Economics Letters
Date of publication
- 2008
Keywords JEL
Keywords
- Underground economy
- Informality
- Monetary method
Pages
- 97-99
URL of the HAL notice
Version
- 1
Volume
- 101