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Taxation and labor force participation: the case of Italy
Colonna, Fabrizio; Marcassa, Stefania - Banca d'Italia - 2013
transfers raise the burden for two-earner households, generating disincentives to work. We estimate a structural labor supply … that joint taxation implies a drop in the participation rate. Conversely, provisions for a working tax credit and gender …-based taxation boost it; the effects of the former are concentrated among women with little schooling. …
Persistent link: https://www.econbiz.de/10011100389
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Fiscal Policy and Macroeconomic Imbalances
Baldacci, Emanuele; Gupta, Sanjeev; Mulas-Granados, Carlos - Banca d'Italia - 2014
The volume collects the essays presented at the 15th Workshop on Public Finance organised by Banca d'Italia in Perugia 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...
Persistent link: https://www.econbiz.de/10011277938
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Personal Saving and Social Security in Italy: Fresh Evidence from a Time Series Analysis
Zollino, Francesco - Banca d'Italia - 2001
The paper provides an econometric analysis of the aggregate saving function of Italian households in the vein of the … both reductions in actual pension payments and increased uncertainty about their future claims, households stepped up … assessment of their contribution to personal purchasing power on the part of households. Demographic changes, while in the long …
Persistent link: https://www.econbiz.de/10005609382
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Signaling Fiscal Regime Sustainability
Drudi, Francesco; Prati, Alessandro - Banca d'Italia - 1998
This paper proposes a signaling model of fiscal stabilizations that offers a new perspective on why governments deviate from optimal tax smoothing. In our model, dependable - but not fully credible - governments have an incentive to tighten the fiscal regime when the signaling effect on credit...
Persistent link: https://www.econbiz.de/10005113576
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Equilibrium Welfare and Government Policy with Quasi-Geometric Discounting
Krusell, Per; Kuruscu, Burhanettin; Anthony A. Smith Jr. - Banca d'Italia - 2001
We consider a representative-agent equilibrium model where the consumer has quasi geometric discounting and cannot commit to future actions. We restrict attention to a parametric class for preferences and technology and solve for time-consistent competitive equilibria globally and explicitly. We...
Persistent link: https://www.econbiz.de/10005609379
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The tax system and the financial crisis
Ceriani, Vieri; Manestra, Stefano; Ricotti, Giacomo; … - Banca d'Italia - 2011
examine three cases in which the tax regime interacted with these factors, reinforcing them. First, we focus on the taxation …
Persistent link: https://www.econbiz.de/10008835086
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Tax deferral and mutual fund inflows: evidence from a quasi-natural experiment
Cappelletti, Giuseppe; Guazzarotti, Giovanni; … - Banca d'Italia - 2013
the taxation of foreign funds remained on a realization basis. We find that the reform has had a positive effect on net …
Persistent link: https://www.econbiz.de/10011099668
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The new framework for the taxation of venture capital in Italy
Magliocco, Antonella; Ricotti, Giacomo - Banca d'Italia - 2013
in Europe. Focusing on the taxation of VC funds, they also assess whether the requirements for the new Italian tax …
Persistent link: https://www.econbiz.de/10011100420
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Metodologie di stima dell�economia sommersa: un�applicazione al caso italiano
Zizza, Roberta - Banca d'Italia - 2002
The paper surveys different approaches to the estimation of the underground economy. First, the focus is on the methodologies adopted by the Italian and French Statistical Institutes, respectively based on the exhaustive estimate of the labour input and on tax compliance data. Secondly, we...
Persistent link: https://www.econbiz.de/10005467318
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Fiscal policy and growth
Franco, Daniele; Marino, Maria Rosaria; Tommasino, Pietro - Banca d'Italia - 2012
relationship between government budgets and potential growth. The third session analysed the effects of taxation, regulation and …
Persistent link: https://www.econbiz.de/10011277928