Narrow search
Showing 1 - 10 of 12
Cover Image
Public expenditure : papers presented at the Banca d'Italia Workshop held in Perugia, 31 March - 2 April, 2005
Banca d'Italia - 2006
Persistent link: https://www.econbiz.de/10003339963
Cover Image
How sticky are local expenditures in Italy? Assessing the relevance of the �flypaper effect� through municipal data
Gennari, Elena; Messina, Giovanna - Banca d'Italia - 2012
An extensive literature analyses the impact of upper-tier transfers on the spending behaviour of lower level … services. But the actual local expenditure response to central government transfers is stronger than predicted by the theory … response to central government transfers. Our dataset enables us also to investigate the role of some political factors. We …
Persistent link: https://www.econbiz.de/10009645791
Cover Image
Just round the corner? Pros, cons, and implementation issues of a fiscal union for the euro area
Balassone, Fabrizio; Momigliano, Sandro; Romanelli, Marzia - Banca d'Italia - 2014
The experience of other successful monetary unions and economic theory suggest that the euro area would benefit from the establishment of a supranational fiscal capacity. Institutional reforms prompted by the crisis (e.g., the European Stability Mechanism and the banking union) are introducing...
Persistent link: https://www.econbiz.de/10011105103
Cover Image
German reunification and convergence policies
Oliva, Juan Carlos Martinez - Banca d'Italia - 2009
This paper examines German reunification from its inception. It shows that after the rapid expansion of the early years, former East Germany entered a phase of slow growth that made it impossible to bridge the gap with West Germany. Unemployment remains high, low growth rates appear ingrained,...
Persistent link: https://www.econbiz.de/10005092588
Cover Image
Public expenditure distribution, voting, and growth
Burlon, Lorenzo - Banca d'Italia - 2014
In this paper we study why the misallocation of resources across different productive sectors tends to persist over time. To this end we propose a general equilibrium model that delivers two structural relations. On the one hand, the public expenditure distribution influences the future sectoral...
Persistent link: https://www.econbiz.de/10011105139
Cover Image
Is there a role for funding in explaining recent US bank failures?
Bologna, Pierluigi - Banca d'Italia - 2011
This paper tests the role of different banks� liquidity funding structures in explaining the bank failures that occurred in the United States between 2007 and 2009. The results highlight that funding is indeed a significant factor in explaining banks� probability of default. By...
Persistent link: https://www.econbiz.de/10009350682