Basile, Raffaella; Chiarini, Bruno; Marzano, Elisabetta - Dipartimento del Tesoro, Ministero dell'Economia e … - 2012
This paper analyzes the effects of fiscal policy in Italy by employing a database containing two statistical novelties: quarterly fiscal variables on accrual basis and a time series estimate of tax evasion for the period 1981:1-2006:4. Following Revenue Agency suggestions, we use in a VECM the...