Showing 1 - 10 of 232
We investigate the causal relationship between judicial efficiency and firm size across Italian municipalities …
Persistent link: https://www.econbiz.de/10013086409
Tax evasion is a widespread phenomenon and encouraging tax compliance is an important and much debated policy issue. Many studies have shown that tax cheating has to be attributed to a considerable extent to the tax morale of taxpayers. The aim of the present paper is to shed light on the...
Persistent link: https://www.econbiz.de/10013143718
This paper studies whether the allocation of municipal expenditure in Italy is influenced by female representation in …
Persistent link: https://www.econbiz.de/10013106592
This paper studies the effects of fiscal policy on private GDP, inflation and the long-term interest rate in Italy …
Persistent link: https://www.econbiz.de/10012725077
crucial to fostering long-term growth. In this paper we study the determinants of public service efficiency (PSE) and in …
Persistent link: https://www.econbiz.de/10013125754
Some recent empirical evidence questions the typically large size of government spending multipliers when the nominal interest rate is stuck at zero, finding output multipliers of around 1 or even lower, with an upper bound of around 1.5 in some circumstances. In this paper, we use a recent...
Persistent link: https://www.econbiz.de/10012919561
We derive the optimal fiscal policy for a government that is committed to honoring its debt but faces investors which fear a sovereign default. We assume that investors are able to learn from new evidence, as in Marcet and Sargent (1989), so that they can gradually correct their overly...
Persistent link: https://www.econbiz.de/10013107388
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/10013051109
This paper investigates whether Italian households' actual expenditure and willingness to buy durables (cars) are related to their inflation expectations. In a high-inflation regime, as in the early 1990s, consumers with higher inflation expectations tend to have higher current than future...
Persistent link: https://www.econbiz.de/10012832729
In a stylised framework of fiscal policy determination that considers both structural targets and cyclical factors, we find significant cyclical asymmetry in the behaviour of fiscal variables in a sample of fourteen EU countries from 1970 to 2004, with budgetary balances (both overall and...
Persistent link: https://www.econbiz.de/10012723724