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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
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
We study the effects of fiscal policy on macroeconomic developments in Italy over the period 1982-2010 with a Structural Vector Autoregression (SVAR) model. We include public debt and impose the government budget constraint in the estimation. In contrast with previous research we also include...
Persistent link: https://www.econbiz.de/10013110280
overall and non-green multipliers are driven by southern provinces, while the green multiplier is driven by the rest of the … country, despite the contemporaneous green multiplier being equal to 1.43 in the south. I link the heterogeneity to governance … characteristics: higher government effectiveness and institutional quality decrease the overall and non-green multiplier, while they …
Persistent link: https://www.econbiz.de/10014634134
Persistent link: https://www.econbiz.de/10009546788
Persistent link: https://www.econbiz.de/10001129221
We assess the sustainability of the public finances of Greece, Ireland, Italy, Portugal and Spain (GIIPS), allowing for possible non-linearities in the form of threshold behaviour of the fiscal authorities. We provide some evidence of fiscal sustainability when debt gets "too high" relative to a...
Persistent link: https://www.econbiz.de/10009307965
The paper is a contribution to the study of the redistributive impact of public sector intervention across living generations. We aim to work on a comprehensive approach, so that reforms involving several taxation and spending programmes, possibly implemented over several years, may be assessed....
Persistent link: https://www.econbiz.de/10013108826
We assess the sustainability of the public finances of Greece, Ireland, Italy, Portugal and Spain (GIIPS), allowing for possible non-linearities in the form of threshold behavior of the fiscal authorities. We provide some evidence of fiscal sustainability when debt gets 'too high' relative to a...
Persistent link: https://www.econbiz.de/10013067329
An extensive literature analyses the impact of upper-tier transfers on the spending behaviour of lower level governments. According to the median voter framework, a transfer from the centre should act as a lump sum grant to residents and thus be spent by jurisdictions in the same proportion as...
Persistent link: https://www.econbiz.de/10013110051