Ardizzi, Guerino; Petraglia, Carmelo; Piacenza, Massimiliano - In: Review of Income and Wealth 60 (2014) 4, pp. 747-772
type="main" <p>We contribute to the debate on how to assess the size of the underground (or shadow) economy by proposing a reinterpretation of the traditional Currency Demand Approach (CDA) à la Tanzi. In particular, we introduce three main innovations. First, we take a direct measure of the value...</p>