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, einer statistischen Kenngröße für die Gesamtwirtschaft. Ob und wie schattenwirtschaftliche Aktivitäten bei der Messung des …
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We discuss properties of alternatives or complements to GDP as a measure of welfare at business cycle frequencies. We argue that these figures are not useful to measure the welfare costs of business cycles. First, data is not available at an appropriate quality and frequency. Second, since the...
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