INVESTIGADORES
GONZALEZ ALVAREDO Facundo
artículos
Título:
The Monetary Method to Measure the Shadow Economy: The Forgotten Problem of the Initial Conditions
Autor/es:
HILDEGART AHUMADA; FACUNDO ALVAREDO; ALFREDO CANAVESE
Revista:
ECONOMICS LETTERS
Editorial:
Elsevier
Referencias:
Año: 2008 vol. 101 p. 97 - 99
ISSN:
0165-1765
Resumen:
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.
