Showing 1 - 10 of 443
In this paper, we estimate the aggregate and sectoral fiscal multipliers of EU Structural Investment (ESI) Funds and of public investment at the EU level. We complement these results with a specific application to the case of Slovenia. We first analyze aggregate data and find large and...
Persistent link: https://www.econbiz.de/10012613691
Drawing on a dataset suitable for macroeconomic analysis, the paper provides an overview of the magnitudes, purpose and institutional implications of EU-related transfers to and from the new member states. A rough analysis of accounting identities and first-round effects shows that EU funds may...
Persistent link: https://www.econbiz.de/10014400132
Equity and efficiency justifications are found for the Community’s Structural Funds which are discovered to be carefully targeted at depressed regions, albeit with some horizontal inequities. If Fund transfers displace national assistance, then they may be misallocated by being tied to...
Persistent link: https://www.econbiz.de/10014397871
This paper investigates income redistribution and risk sharing among Italy’s regions and the implications for public … investment’s roles. The findings suggest that Italy’s fiscal system provides interregional redistribution at 30–35 percent and … European countries, there appears to be less redistribution and risk sharing in Italy through its welfare and tax systems …
Persistent link: https://www.econbiz.de/10014401019
This paper explains why EMU countries seem unable or unwilling to undertake structural reforms of public expenditure. One of the reasons is political. What public expenditure reforms might be pursued without changing the political system? Without political reforms, technical improvements made to...
Persistent link: https://www.econbiz.de/10014403530
exchange rate expectations and on interest rates on publicly held government debt. In Italy, the high stock of such debt in …
Persistent link: https://www.econbiz.de/10014396172
interest rate differentials and capital and reserve flows suggest that Italy’s nonaccommodating exchange rate policy has become …
Persistent link: https://www.econbiz.de/10014398633
The paper surveys three broad categories of labor market institutions in Italy: employment protection legislation …
Persistent link: https://www.econbiz.de/10014398640
France, Germany, Italy, and the United Kingdom during the period of the Stability and Growth Pact (SGP). Our findings …'s and market experts’ deficit forecasts also increased in France, Italy, and the United Kingdom, particularly during the …
Persistent link: https://www.econbiz.de/10014412192
In Italy, price-based competitiveness measures are not always an accurate predictor of trade outcomes. This paper … Italy’s export market share. Overall, Italy maintains a high-quality export mix, and the adaptability of small … sectors are weighed down by the structural barriers that have depressed productivity more broadly. Italy’s future …
Persistent link: https://www.econbiz.de/10014411220