De Arcangelis, Giuseppe; Lamartina, Serena - 2021
The aim of this paper is twofold. First, for West Germany, France, Italy and US, we econometrically select within a ….1 percent quarterly on average at most to a 1 percentage change in the expenditure or revenue ratio). In Italy, the US and … France, the strongest effect on output is produced by shocks on government expenditure on wages and transfers …