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and aggregate data provided by Vodafone for Italy, Portugal, and Spain, we find that lockdowns had a larger impact on the …
Persistent link: https://www.econbiz.de/10013250080
examines the implications for firm productivity of adverse shocks to bank lending in Italy, using a novel identification scheme …
Persistent link: https://www.econbiz.de/10012956377
This paper examines whether a tipping point exists for real GDP growth in Italy above which the ratio of non … in Italy. More specifically, we find that real GDP growth above 1.2 percent, if sustained for a number of years, is …
Persistent link: https://www.econbiz.de/10012956486
Following renewed academic and policy interest in the destination-based principle for taxing profits-particularly through a destination-based cash flow tax (DBCFT)-this paper studies other forms of efficient destination-based taxes. Specifically, it analyzes the Destination-Based Allowance for...
Persistent link: https://www.econbiz.de/10012906879
The modernization of Italy's insolvency framework has been the subject of much interest in recent years, related not … least to its role in potentially facilitating an efficient allocation of resources. A unique feature of Italy's insolvency …
Persistent link: https://www.econbiz.de/10012909405
High household wealth is often cited as a key strength of the Italian economy. Both in absolute terms and relative to income, the Italian household sector is wealthier than most euro area peers. A sizable fraction of this wealth is held by the rich and upper middle classes. This paper documents...
Persistent link: https://www.econbiz.de/10012910351
, Italy, Norway, and Spain. The decline in VFI was achieved through progressive devolution of revenues to sub …-national governments in Belgium, Italy, and Spain, while re-centralization of health sector expenditures was the cause of the decline in …
Persistent link: https://www.econbiz.de/10013107075
Volatility in Italian sovereign spreads has increased since mid-2011. This paper finds that news on the euro area debt crisis and country specific events were important drivers of sovereign spreads. Movements in sovereign spreads affect CDS spreads and bond yields of Italian banks, and are...
Persistent link: https://www.econbiz.de/10013082857
We examine how the cost of corporate credit varies around fiscal consolidations aimed at reducing government debt. Using a new dataset on fiscal consolidations and syndicated corporate loan data, we find that loan spreads increase with fiscal consolidations, especially for small firms, domestic...
Persistent link: https://www.econbiz.de/10013086310
Wide-ranging structural reforms are underway in Italy, aimed at addressing key bottlenecks in the product and labor …
Persistent link: https://www.econbiz.de/10013086322