Many public policy decisions require analytical and empirical knowledge concerning the size, growth, causes and consequences of the ‘underground economy”. This paper seeks to clarify the meaning of underground activity, updates various discrepancy and fiscal estimates of its size and growth,...

During the last two decades of the twentieth century, Brazil went through a sequence of failed stabilization plans that tried to cope with an enduring hyperinflation. This paper uses a money demand model to evaluate monetary policies during those episodes. The consistency between the money...

The view that prediction is the only important concern when policy is to be developed has led to the strict adherence to a money supply rule via the Quantity Theory of Money with its debilitating consequences. The monetarists place the emphasis on the level of the money supply in the...

The size, growth and causes of the US “underground economy” are examined in light of new estimates of foreign holdings of US currency. World dollarization partially resolves the “currency enigma” which refers to the anomaly that roughly 80% of the US currency supply is “missing” and...

Dans le present document, nous nous appuyons sur les donnees de l'Organisation de cooperation et le developpement economiques (OCDE) pour examiner les variations de la productivite du travail, du produit interieur brut (PIB) reel, du revenu interieur brut (RIB) reel, des agregats economiques et...

A partir de la methodologie ayant servi a produire des estimations de l'apport des entreprises au produit interieur brut (PIB) americain en fonction de leur taille, les auteurs procedent a l'estimation de l'apport des petites et moyennes entreprises au PIB comparativement a celui des grandes...

Adopting the methodology used to produce estimates of gross domestic product (GDP) by size for the United States, this paper estimates GDP for small and medium-sized businesses versus large businesses for the Canadian non-agricultural business sector in 2005. In the entire non-agricultural...

Dans le present article, on estime la contribution, au produit interieur brut (PIB), des entreprises de taille petite, moyenne et grande dans le secteur des entreprises du Canada pour 2005. Les grandes entreprises comptant 500 employes ou plus ont contribue pour 45,7 % au PIB du secteur des...

The paper estimates the contributions to gross domestic product (GDP) made by small, medium-sized and large businesses in the Canadian business sector for 2005. The contribution of large businesses with 500 or more employees to business-sector GDP was 45.7%. Small and medium-sized businesses,...