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Money, inflation, and unemployment in the presence of informality

Lahcen, Mohammed Aït - 2017

This paper studies the impact of informality on the long-run relationship between inflation and unemployment in … developing economies. I present a dynamic general equilibrium model with informality in both labor and goods markets and where … informality when considering the inflation-unemployment trade-off in the conduct of monetary policy. …

Persistent link: https://www.econbiz.de/10011969183

Money, Inflation, and Unemployment in the Presence of Informality

Ait Lahcen, Mohammed - 2018

Persistent link: https://www.econbiz.de/10011892083

General equilibrium with monopolistic firms and occasionally binding cash-in-advance constraints

Dixon, Huw; Pourpourides, Panayiotis M. - 2010

We show a simple way to introduce monopolistic competition in a general equilibrium model where prices are fully .exible, the velocity of money is variable and cash-in-advance (CIA) constraints occasionally bind.We establish the conditions under which money has real effects and demonstrate that...

Persistent link: https://www.econbiz.de/10010288784

On imperfect competition with occasionally binding cash-in-advance constraints

Dixon, Huw; Pourpourides, Panayiotis M. - 2012

We depart from the assumption of perfect competition in the final goods sector, commonly used in cash-in-advance (CIA) models, providing extensive theoretical analysis of the general equilibrium of an economy with imperfect competition, endogenous production and fully flexible prices in the...

Persistent link: https://www.econbiz.de/10010288856

Cash use in Germany - Macroeconomic estimates of the extent of illicit cash use in Germany

Bartzsch, Nikolaus; Schneider, Friedrich; Uhl, Matthias - 2019

Cash payments are simple, secure, efficient and anonymous and therefore popular with consumers. At the same time, these properties also make cash a focal point for potential illegal uses. An oft-voiced opinion in the public debate is that cash promotes the shadow economy and is used as a means...

Persistent link: https://www.econbiz.de/10013475327

The use of cash and the size of the shadow economy in Sweden

Guibourg, Gabriela; Segendorf, Björn - 2007

We use an 'unexplained demand for cash' approach to measure the size of the shadow economy in Sweden. The size of the shadow economy is found to have increased from 3.8 to 6.5 per cent of GDP from 1990 to 2004. This result is also supported by our finding of an increased residual between...

Persistent link: https://www.econbiz.de/10010320752

Comment on Feige's Paper "Reflections on the Meaning and Measurement of Unobserved Economies: What do we really know about the 'Shadow Economy'?"

Schneider, Friedrich - 2016

This comment provides a reply to Prof. Feige’s paper with the title “Reflections on the Meaning and Measurement of Unobserved Economies: What do we really know about the ‘Shadow Economy’?”, in which Prof. Feige heavily criticizes me. I show that the same critique which Prof. Feige...

Persistent link: https://www.econbiz.de/10011451424

Cash on Trial

Berentsen, Aleksander; Jonker, Nicole; Krueger, Malte; … - 2016

Over millennia, mankind has used hard cash in various forms ranging from shells to gold coins and paper. More recently, cash has become unpopular in political circles, as it effectively restricts states’ power to tax (explicitly or via negative interest rates) or to survey and potentially...

Persistent link: https://www.econbiz.de/10011689969

Payment Habits at Point of Sale. Different Methods of Calculating Use of Cards and Cash in Norway

Gresvik, Olaf; Haare, Harald - 2008

We use different empirical methods for estimating the use of cash in Norway. One method gives an estimate of the "maximum" value of cash use at point of sale. A second estimates the minimum use of cash in the society calculated from new information uncovered by a recent reorganisation of the...

Persistent link: https://www.econbiz.de/10012143977

Size and Development of the Shadow Economies of 157 Countries Worldwide: Updated and New Measures from 1999 to 2013

Hassan, Mai; Schneider, Friedrich - 2016

of informality of 157 countries around the world, including developing, eastern European, central Asian and high income …

Persistent link: https://www.econbiz.de/10011584596