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The burden of unanticipated government spending
Heer, Burkhard; Scharrer, Christian - 2016
We study the impact of a government spending shock on the distribution of income and wealth between cohorts in a dynamic stochastic Overlapping Generations model with two types of households, Ricardian households and rule-of-thumb consumers. We demonstrate that an unexpected increase in...
Persistent link: https://www.econbiz.de/10011458011
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Public spending, green growth, and corruption : a local fiscal multiplier analysis for Italian provinces
Ficarra, Matteo - 2024
This paper estimates local fiscal multipliers for green and non-green public works in Italian provinces, and disentangles the geographic and institutional heterogeneities behind them. I construct a fiscal shock by taking the variation of the difference between actual and budgeted spending, and I...
Persistent link: https://www.econbiz.de/10014634134
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Fiscal management in Myanmar
Oo, Zaw; Joelene, Cindy; Minoletti, Paul; Phoo Pwint Phyu; … - 2015
Past governments in Myanmar presided over a system generally characterized by weak fiscal management, but this has recently changed with the present government restoring a measure of fiscal discipline, reorienting fiscal priorities, and establishing a clear set of fiscal objectives in the...
Persistent link: https://www.econbiz.de/10011290008
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The Effects of Fiscal Policy in Italy : Estimates with a Svar Model
Giordano, Raffaela - 2012
This paper studies the effects of fiscal policy on private GDP, inflation and interest rates in Italy using a …
Persistent link: https://www.econbiz.de/10013108587
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The Effects of Fiscal Policy in Italy : Evidence from a VAR Model
Momigliano, Sandro - 2008
This paper studies the effects of fiscal policy on private GDP, inflation and the long-term interest rate in Italy …
Persistent link: https://www.econbiz.de/10012725077
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Combining Time-Variation and Mixed-Frequencies : An Analysis of Government Spending Multipliers in Italy
Cimadomo, Jacopo - 2015
, we use this model to study the macroeconomic effects of government spending shocks in Italy over the 1988Q4-2013Q3 period …. Italy - as well as most other euro area economies - is characterised by short quarterly time series for fiscal variables … output in Italy. The fiscal multiplier, which is maximized at the one year horizon, follows a U-shape over the sample …
Persistent link: https://www.econbiz.de/10013013646
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Combining Time-Variation and Mixed-Frequencies : An Analysis of Government Spending Multipliers in Italy
D'Agostino, Antonello - 2018
time-varying model. Second, we use this model to study the macroeconomic effects of government spending shocks in Italy … over the 1988Q4-2013Q3 period. Italy - as well as most other euro area economies - is characterised by short quarterly time … tend to have positive effects on output in Italy. The fiscal multiplier, which is maximized at the one year horizon …
Persistent link: https://www.econbiz.de/10012924294
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The Misalignment of Fiscal Multipliers in Italian Regions
Lucidi, Francesco Simone - 2021
By accounting for the structural heterogeneity between northern and southern economies, this paper estimates fiscal multipliers resulting from shocks to current public expenditure, total public revenues and public investment in Italian regions. The estimation is carried out by estimating a panel...
Persistent link: https://www.econbiz.de/10013312350
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A scientific note on the Italian Mini BOTs and the proposal of the CCCFs
Saccal, Alessandro - 2024
Italy's hypothetical abandonment of the Eurozone and return to sustained and consistent growth thereby, seemingly being the …
Persistent link: https://www.econbiz.de/10015076228
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Tax and spend, spend and tax, fiscal synchronisation or institutional separation? : examining the case of Greece
Richter, Christian; Dimitrios, Paparas - In: Romanian journal of fiscal policy : RJFP 4 (2013) 2, pp. 1-17
One of the most controversial issues in public finance and macroeconomics is the nature of the relationship between government spending and revenues. The debate between economists and politicians has been emphasised recently because of the increased budget deficits and defaults in many developed...
Persistent link: https://www.econbiz.de/10010480257