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Tax evasion is a widespread phenomenon and encouraging tax compliance is an important and much debated policy issue. Many studies have shown that tax cheating has to be attributed to a considerable extent to the tax morale of taxpayers. The aim of the present paper is to shed light on the...
Persistent link: https://www.econbiz.de/10013143718
This paper studies the effects of fiscal policy on private GDP, inflation and the long-term interest rate in Italy using a structural vector autoregression model. To this end, a database of quarterly cash data for selected fiscal variables for the period 1982:1-2004:4 is constructed, largely...
Persistent link: https://www.econbiz.de/10012725077
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
Persistent link: https://www.econbiz.de/10001397517
The IMF has advised country authorities to roll back tax expenditures as a way to support fiscal consolidation efforts - urging them to evaluate tax expenditures according to clear criteria, and assessing their impact on public finances, economic efficiency, equity, and administrative and...
Persistent link: https://www.econbiz.de/10013055601
The IMF has advised country authorities to roll back tax expenditures as a way to support fiscal consolidation efforts — urging them to evaluate tax expenditures according to clear criteria, and assessing their impact on public finances, economic efficiency, equity, and administrative and...
Persistent link: https://www.econbiz.de/10013057626
We use a threshold VAR analysis to study whether the effects of fiscal policy on economic activity differ depending on financial market conditions. In particular, we investigate the possibility of a non-linear propagation of fiscal developments according to different financial market stress...
Persistent link: https://www.econbiz.de/10009152600
We investigate the macroeconomic effects of fiscal policy using a Bayesian Structural Vector Autoregression approach. We build on a recursive identification scheme, but we: (i) include the feedback from government debt (ii); look at the impact on the composition of output; (iii) assess the...
Persistent link: https://www.econbiz.de/10003826480
Persistent link: https://www.econbiz.de/10011448084
This paper assesses the effects of public capital in Italy on the main macroeconomic aggregates: GDP, private capital and labour. A cointegrated vector autoregressive (VAR) model, in line with recent advancements in the field, allows us to take into account the complex nexus of direct and...
Persistent link: https://www.econbiz.de/10013143716