Busato, Francesco; Chiarini, Bruno; Rey, Guido M. - School of Economics and Management, University of Aarhus - 2005
tax evasion and underground activities are explicitly incorporated. There are three main results. (i) The underground … fiscal policy within a dynamic general equi-
librium model where tax evasion and underground activities are explicitly … and Underground Activities.
∗We are grateful to Guido Cazzavillan, Massimo Bordignon, John B. Donaldson, Gunnar T. Jepsen …