MacGéidigh, Donal; Schneider, Friedrich; Blum, Matthias - 2016
The shadow economy has long been an area of research for policymakers. The determinants of underground activity of late … work examines the shadow economy in Norway, Sweden, the United Kingdom and the United States over the past 145 (from 1870 … to 2015) years using the Currency Demand Approach and finds that the underground economy is stabilising. To our knowledge …