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French manufacturing firms and the capital gap since1985 - a credit rationing approach.

SylvieCieply; Paranque, Bernard - EconWPA - 1997

s: An earlier study (Cieply, Paranque, 1996) revealed the existence of a size effect in the determination of the …

Persistent link: https://www.econbiz.de/10005561625

An Empirical Analysis of Permanent Income Hypothesis Applied to Italy using State Space Models with non zero correlation between trend and cycle

Corradini, Riccardo - EconWPA - 2005

This article explores by an econometric approach the permanent income hypothesis. The classical cointegration analysis applied by Cochrane and the Kalman filter technology with correlated error components are used. The latter approach compared with the former reveals a clear rejection of PIH for...

Persistent link: https://www.econbiz.de/10005407948

Extraction of Common Signal from Series with Different Frequency

Otranto, Edoardo - EconWPA - 2005

the well known trend plus cycle model, in a multivariate context, using both quarterly and monthly data. This procedure is …

Persistent link: https://www.econbiz.de/10005407970

The Dark, and Independent, Side of the Italian Labour Market

Bovi, Maurizio - EconWPA - 2005

In many countries the shadow employment has a very high priority among policymakers. A new time series for this component of the labour market has been recently released by the Italian institute of statistics. Taken together they give the motivation and the occasion for a fresh analysis of the...

Persistent link: https://www.econbiz.de/10005076511

THE UNDERGROUND ECONOMY AND THE CURRENCY ENIGMA

Feige, Edgar L. - EconWPA - 2005

The size, growth and causes of the US “underground economy” are examined in light of new estimates of foreign holdings …. US currency that is used overseas suggests that there is a world wide unrecorded economy that could rival the size of the … include only domestically held currency. The paper defines and estimates the size of the ‘domestic money supply”. Reference …

Persistent link: https://www.econbiz.de/10005076736

THE UK'S UNOBSERVED ECONOMY: A PRELIMINARY ASSESSMENT

Feige, Edgar L. - EconWPA - 2005

This paper examines the available evidence on the size the UK’s underground (unobserved) economy and presents … preliminary evidence on the size and growth of the unobserved economy for the period 1960-1980 based on Feige’s transaction …

Persistent link: https://www.econbiz.de/10005125016

Underground Shocks Ground Zero Responses

Bovi, Maurizio - EconWPA - 2004

The aim of this paper is twofold. First, new annual data on Italian irregular sector for the period 1980-1991 are reconstructed. These data are compatible with the available 1992-2001 official data. Second, based on this self-consistent “long” sample a time series analysis of the two sides...

Persistent link: https://www.econbiz.de/10005125864

Mission Implausible II: Measuring the Informal Sector in a Transition Economy Using Macro Methods

Hanousek, Jan; Palda, Filip - EconWPA - 2004

An easy and popular method for measuring the size of the underground economy is to use macro-data such as money demand … (such as velocity) is too variable in transition economies for the above methods of estimating the size of the underground …

Persistent link: https://www.econbiz.de/10005125966

THE UNOBSERVED ECONOMY AND THE UK LAFFER CURVE

Feige, Edgar L.; McGee, Robert T. - EconWPA - 2005

Laffer curve depends upon the strength of supply side effects, the progressivity of the tax system and the size of the …

Persistent link: https://www.econbiz.de/10005126189

A Re-Examination of the 'Underground Economy' in the United States; A Comment on Tanzi

Feige, Edgar L. - EconWPA - 2005

estimates of the size and growth of the 'underground economy'. Tanzi's approach to estimating the underground economy is shown … model are shown to flawed, leading to significant underestimation of the size and growth of unreported income in the US …

Persistent link: https://www.econbiz.de/10005126415