Books reviewed: Andrew Zimbalist. May the Best Team Win: Baseball Economics and Public Policy Herve Moulin. Fair Division and Collective Welfare Stephanie A. Bell and Edward J. Nell (eds). Does Money's Origin Matter? The State, the Market and the Euro, Chartalism vs. Metalism in the Theory of...

Although national accounts data provide the most comprehensive overview of economic activity, preliminary estimates are subject to much revision before they are regarded as reliable indicators. Oddly enough, the market acts on the preliminary estimates as though they were final and complete....

The statistical discrepancy is often used to gauge the reliability of national accounts data. Particularly since the mid-1980’s the statistical discrepancy in Australia has grown significantly in size and variance. In this paper we demonstrate that the overwhelming contribution to the size of...

Economists have proposed several different econometric techniques for measuring the underground economy but these estimates have varied widely and have cast doubts on their credibility and usefulness. This paper describes a dynamic bootstrap routine for constructing confidence intervals for...

Despite government attempts to reduce welfare benefit fraud in Australia, participation in the underground economy by those claiming to be unemployed continues. Although there exists considerable international literature on the size of the underground economy, academics and public officials...