Due to the complexity of tax and the time and resources needed to monitor and examine tax returns, tax noncompliance is challenging to detect. Big data and sophisticated analytics might help tax authorities extract actionable data insights. Using income tax record data, this paper employs an...

This paper analyses the information content of M1 for euro area real GDP since the beginning of the 1980s and reviews theoretical arguments on why real narrow money should help predict real GDP. We find that, unlike in the U.S., in the euro area, M1 has better and more robust forecasting...