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

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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Bibliographic details
Volume: 101
Main Author: Ahumada, Hildegart
Alvaredo, Facundo
Canavese, Alfredo
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: LAUSANNE Elsevier B.V 2008
ELSEVIER SCIENCE SA
Elsevier
published in: Economics letters Vol. 101; no. 2; pp. 97 - 99
Data of publication: 2008
ISSN: 0165-1765
1873-7374
EISSN: 1873-7374
Discipline: Economics
Series: Economics Letters
Subjects:
O17
E26
K4
H3
Online Access: available in Bonn?
Database: Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2008
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