The monetary method to measure the shadow economy: The forgotten problem of the initial conditions

Abstract : 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.
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Article dans une revue
Economics Letters, Elsevier, 2008, 101 (2), pp.97-99. 〈10.1016/j.econlet.2008.06.001〉
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Soumis le : vendredi 12 avril 2013 - 22:22:00
Dernière modification le : mercredi 1 août 2018 - 15:02:03

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Hildegart Ahumada, Facundo Alvaredo, Alfredo Canavese. The monetary method to measure the shadow economy: The forgotten problem of the initial conditions. Economics Letters, Elsevier, 2008, 101 (2), pp.97-99. 〈10.1016/j.econlet.2008.06.001〉. 〈hal-00812857〉

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