Mark-up cyclical behaviour is relevant in determining the size of government spending multiplier on output. While theoretical literature priviliged the counteryclical hypothesis, empirical evidence is far from being conclusive. Based on seminal Rotemberg and Saloner (1986) contribution, we build...

In this paper we derive analytic implicit form conditions for the qualitative analysis of government spending multipliers and the optimal level of government spending in presence of non-separability between private and public components of aggregate demand. Using the simplest neo-classical...

The aim of this paper is to investigate the relationship between government spending and private consumption in the UK, for which there is scarce previous empirical evidence. We disaggregate public expenditure into three categories and search for the corresponding private consumption...

Differently from Atkinson and Morelli (2011) who detect no clear link between increases in income inequality and systemic banking crises, we show that a large majority of crises occurred between 1982 and 2008 have been preceded by persistently high levels of income inequality. Such association...

The purpose of this paper is to propose theoretical foundations on the impact of transfer scheme, e.g. Community Agricultural Policy, on income inequality within European Countries. First, we show that ex-post inequality (in the after-transfer distribution) may increase if either initial...

This paper considers a partitioned population and develops a decomposition of the Gini index in two components, which measure the within and the between groups inequality. Differently from the most widespread inequality measure decompositions, having a between component that compares the means...

The socioeconomic impact of spatial concentration has been receiving an increasing attention during the last two decades. Consequently, the necessity of effective measures of this phenomenon has increased too. This paper considers a population partitioned by subgroups and develops a...

This paper develops a theoretical framework to assess the feasibility of global environmental sustainability solutions based on one or more value changes. The framework represents four sustainability paradigms (weak sustainability WS, a-growth AG, de-growth DG, strong sustainability SS) and five...