Ardizzi, Guerino; Petraglia, Carmelo; Piacenza, Massimiliano - Dipartimento di Scienze Economico-Sociali e … - 2011
We contribute to the debate on how to assess the size of the shadow economy by proposing a reinterpretation of the traditional Currency Demand Approach (CDA) a là Tanzi. In particular, we introduce three main innovations. First, we take a direct measure of cash transactions (the flow of cash...