Die Überlastung der vorhandenen Verkehrsinfrastruktur in Ballungsgebieten zu den Hauptverkehrszeiten stellt ein zunehmendes wirtschaftliches und verkehrliches Problem dar. In diesem Beitrag werden Lösungsmöglichkeiten für eine effiziente Verteilung bzw. Allokation des knappen Gutes Freie...

In diesem Beitrag wird nach Wegen gesucht, die nichtmarktlichen Leistungen der Schweizer Landwirtschaft gezielter als bislang in die Landwirtschaftliche Gesamtrechnung zu integrieren. Dabei werden drei Methoden geprüft: Die Erfassung der leistungsbezogenen Direktzahlungen, die Ermittlung der...

The volume collects the essays presented at the 15th Workshop on Public Finance organised by Banca d'Italia in Perugia from 4 to 6 April 2013. The workshop focused on the link between fiscal policy and macroeconomic imbalances and comprised four sessions. The first session concentrated on the...

Standard official measures of economic well-being are based on money income. The general consensus is that such measures are seriously flawed because they ignore several crucial determinants of well-being. We examine two such determinants-household wealth and public consumption-in the context of...

This report presents estimates of the Levy Institute Measure of Economic Well-Being (LIMEW) for a representative sample of Canadian households in 1999 and 2005. The results indicate that there was only modest growth in the average Canadian household’s total command over economic resources in...

This paper uses a one-sector, endogenous growth model to study optimal composition between public investment and consumption in government expenditure and its relationships with economic growth. Assuming a benevolent government which maximizes a representative household’s lifetime utilities,...

Some researchers have recently introduced productive government investment spending into Dynamic stochastic general equilibrium (DSGE) models, adding a supply channel. This paper takes a similar perspective but it also introduces the government consumption good into the household utility...

This study examines the business cycle behaviour of public consumption and its main components; the public wage bill (including compensation per employee and public employment) and intermediate consumption in the euro area aggregate, euro area countries and a group of selected non-euro area OECD...

In earlier work we documented two episodes in which a sharp fiscal consolidation was associated with a surprisingly large expansion in private domestic demand. In this paper we draw on further evidence to investigate if and when fiscal policy changes can have such non-Keynesian effects. In the...