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) aggregate. We identify reasonable and stable money demand relationships for Germany, France and Spain as well as the EMU-4 …
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) aggregate. We identify reasonable and stable money demand relationships for Germany, France and Spain as well as the EMU-4 …
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An easy and popular method for measuring the size of the underground economy is to use macro data such as money demand or electricity demand to infer what the legitimate economy needs, and then to attribute the remaining consumption to the underground economy. Such inferences rely on the...
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