This paper studies the effects of fiscal policy on private GDP, inflation and the long-term interest rate in Italy … response of inflation is positive but small and short-lived. In contrast, public wages, which in many studies are lumped …

This paper studies the effects of fiscal policy on private GDP, inflation and interest rates in Italy using a … persistence of the shock. The effects on private consumption and investment are positive; the reaction of inflation is also … of inflation and interest rates are positive and larger than in the case of a shock to purchases. Finally, shocks to net …

This paper studies the effects of fiscal policy on GDP, inflation and interest rates in 5 OECD countries, using a … plausible values of its price elasticity, government spending typically has small effects on inflation. 6) Both the decline in …