This paper develops a tax-benefit microsimulation model for the Italian economy to evaluate the impact of fiscal policy measures on household income. The simulations are performed on a dataset obtained from the matching of IT-SILC 2011 with HBS 2010, SHIW 2010 and IT-SILC 2008 to integrate...

The COVID-19 pandemic represents an unprecedented global crisis. The task for economic policy is to help keep people alive, enterprises afloat, and households out of poverty. The pandemic has macroeconomic dimensions. First, it affects macroeconomic stability and growth. Second, the tools of...

On 3 June 2020, the German government announced a EUR 130 billion fiscal stimulus package to stimulate market demand and jumpstart the economy in the wake of the COVID-19 pandemic lockdown in the spring of 2020. The most prominent measure of this package is an unconventional fiscal policy in the...

Policymakers must do something to slow the growing debt burden or else face a major fiscal meltdown. Proposals such as Medicare for All and the Green New Deal would only make the looming fiscal crisis worse

The outburst of COVID-19 pandemic led to wide ranging social and economic problems to surface around the world since the beginning of 2020. A recently released data by the IMF report fiscal measures that countries adopted to cope with the crisis. Exploiting these novel data, we investigate the...

The general objective of this dissertation is to understand the relationship between economic growth, government expenditure in public services and infrastructure on different sectors of the population. Through three essays this dissertation pursues the objective by explicitly highlighting the...

The renewed interest in the role of the private sector as a powerhouse for enhancing economic development provides the impetus for this study. Specifically, the study investigates the effects of public spending on private sector investment amidst rising fiscal deficit, with the view of...

This study reviews the impact of the global financial crisis on public service delivery in the Republic of Moldova1. It provides a background of the country's development in the period prior to the crisis (2000 to 2007/2008) and presents the factors which determined the country's fiscal...

This study reviews the impact of the global financial crisis on public service delivery in the Republic of Moldova1. It provides a background of the country's development in the period prior to the crisis (2000 to 2007/2008) and presents the factors which determined the country's fiscal...

Following a benchmarking exercise, we estimate the spending required to reach satisfactory progress in the Sustainable Development Goals in the health, education, and infrastructure sectors in Brazil. We find that there is room for savings in education (up to 1.5 percentage point of GDP) and...