Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/51375
Authors: 
Pickhardt, Michael
Sarda, Jordi
Year of Publication: 
2010
Series/Report no.: 
CAWM discussion paper / Centrum für Angewandte Wirtschaftsforschung Münster 36
Abstract: 
Based on the Ahumada et al. (2007, Review of Income and Wealth) critique we revise existing estimates of the size of the German underground economy. Among other things, it turns out that most of these estimates are untenable and that the tax pressure induced size of the German underground economy may be much lower than previously thought. To this extent, German policy and law makers have been misguided during the last three decades. Therefore, we introduce the Modified-Cash-Deposit-Ratio (MCDR) approach, which is not subject to the recent critique and apply it to Germany for the period 1960 to 2008.
Subjects: 
underground economy
shadow economy
cash-depositratio
currency demand approach
MIMIC approach
JEL: 
O17
Q41
C22
Document Type: 
Working Paper

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