caa a22 4500 445829575 CHVBK 20180317145309.0 cr unu---uuuuu 170323e20110801xx s 000 0 eng 10.1007/s10657-010-9186-7 doi (NATIONALLICENCE)springer-10.1007/s10657-010-9186-7 The size of the underground economy in Germany: a correction of the record and new evidence from the modified-cash-deposit-ratio approach [Elektronische Daten] [Michael Pickhardt, Jordi Sarda] Based on the Ahumada et al. (Rev Income Wealth 53(2):363-371, 2007) 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 approach, which is not subject to the recent critique and apply it to Germany for the period 1960-2008. Springer Science+Business Media, LLC, 2010 Underground economy nationallicence Shadow economy nationallicence Cash-deposit-ratio nationallicence Currency demand approach nationallicence MIMIC approach nationallicence Pickhardt Michael University of Münster, Institut für Finanzwissenschaft, Wilmergasse 6-8, 48143, Münster, Germany aut Sarda Jordi Department d'Economia, Universitat Rovira i Virgili, Av. Universitat, 1, 43204, Reus, Spain aut European Journal of Law and Economics Springer US; http://www.springer-ny.com 32/1(2011-08-01), 143-163 0929-1261 32:1<143 2011 32 10657 https://doi.org/10.1007/s10657-010-9186-7 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10657-010-9186-7 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Pickhardt Michael University of Münster, Institut für Finanzwissenschaft, Wilmergasse 6-8, 48143, Münster, Germany aut NATIONALLICENCE 700 1- Sarda Jordi Department d'Economia, Universitat Rovira i Virgili, Av. Universitat, 1, 43204, Reus, Spain aut NATIONALLICENCE 773 0- European Journal of Law and Economics Springer US; http://www.springer-ny.com 32/1(2011-08-01), 143-163 0929-1261 32:1<143 2011 32 10657 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer