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Fiscal Policy and Macroeconomic Imbalances
Baldacci, Emanuele; Gupta, Sanjeev; Mulas-Granados, Carlos - Banca d'Italia - 2014
from 4 to 6 April 2013. The workshop focused on the link between fiscal policy and macroeconomic imbalances and comprised … four sessions. The first session concentrated on the interaction between fiscal policy and macroeconomic imbalances. The … contributed to increase fiscal and financial tensions. The third session scrutinized fiscal policy with an eye to the inequalities …
Persistent link: https://www.econbiz.de/10011277938
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La bilancia dei pagamenti di parte corrente Nord-Sud (1998-2000)
Cannari, Luigi; Chiri, Salvatore - Banca d'Italia - 2004
In this paper we estimate the current account of the balance of payments of Italy�s Southern and Northern regions for the period 1998-2000. In our scheme the General Government is considered as a non-resident institution; fiscal revenues and expenditure generate credits and debts in the...
Persistent link: https://www.econbiz.de/10005111539
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Will a Common European Monetary Policy Have Asymmetric Effects?.
Guiso, L.; Kashyap, A.K.; Panetta, F.; Terlizzese, D. - Banca d'Italia - 2000
We survey the existing work on the cross-country differences in the transmission of European monetary policy. We find …
Persistent link: https://www.econbiz.de/10005640915
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Sovereign risk, monetary policy and fiscal multipliers: a structural model-based assessment
Locarno, Alberto; Notarpietro, Alessandro; Pisani, … - Banca d'Italia - 2013
than 1. Second, it goes above 1 only under extremely strong assumptions, namely the constancy of the monetary policy rate …
Persistent link: https://www.econbiz.de/10011099679
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An empirical investigation of the relationship between inequality and growth
Pagano, Patrizio - Banca d'Italia - 2004
This paper studies the correlation between inequality, measured by the Gini coefficent of incomes, and the growth rate of per capita GDP in a panel of countries between the late 1950s and late 1990s. Inequality Granger causes growth with a negative coefficient, while growth Granger causes...
Persistent link: https://www.econbiz.de/10005609408
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Agglomeration and growth: the effects of commuting costs
Accetturo, Antonio - Banca d'Italia - 2008
We present a model of industrial location and endogenous growth with congestion costs. According to the interplay between knowledge spillovers and commuting costs, we are able to obtain both a Krugman-type and a bell-shaped agglomeration outcome. In the first case, the economy experiences a...
Persistent link: https://www.econbiz.de/10005113584
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The Macroeconomics amd Macroeconomics of the Permanent Income Hypothesis.
Deaton, A. - Banca d'Italia - 1992
Persistent link: https://www.econbiz.de/10005640911
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Wherein Do the European and American Models Differ?
Samuelson, P.A. - Banca d'Italia - 1997
Particularly in the 1990s economists in America have been surprised by how good or how lucky has been our macro performance compared to our peers abroad. We pinch ourselves and ask: "What went right?" And, by implication, authorities in Europe must be looking in their mirror and wondering:...
Persistent link: https://www.econbiz.de/10005780677
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Testing for Stochastic Trends in Series with Structural Breaks.
Busetti, F. - Banca d'Italia - 2000
This paper considers the problem of testing for the presence of stochastic trends in multivariate time series with structural breaks. The breakpoints are assumed to be known. The testing framework is the multivariate Locally Best Invariant test and the common trend test of Nyblom and Harvey.
Persistent link: https://www.econbiz.de/10005780687
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Labor Markets and Monetary Union: a Strategic Analysis.
Cukierman, A.; Lippi, F. - Banca d'Italia - 2000
This paper analyzes the macroeconomic consequences of the establishment of a monetary union in the presence of unionized labor markets. It is shown that the effects of the formation of a monetary union depend on several labor market festures, such as the degree of centralization of wage...
Persistent link: https://www.econbiz.de/10005780691