The aim of this paper is twofold. First, for West Germany, France, Italy and US, we econometrically select within a ….1 percent quarterly on average at most to a 1 percentage change in the expenditure or revenue ratio). In Italy, the US and …

The aim of this paper is twofold. First, for West Germany, France, Italy and US, we econometrically select within a ….1 percent quarterly on average at most to a 1 percentage change in the expenditure or revenue ratio). In Italy, the US and …

We study the effects of fiscal policy on macroeconomic developments in Italy over the period 1982-2010 with a …

This paper studies the effects of fiscal policy on private GDP, inflation and interest rates in Italy using a …. The main results of the study can be summarized as follows. A shock to government purchases of goods and services has a … sizeable and robust effect on economic activity: an exogenous one per cent (in terms of private GDP) shock raises private real …

This paper studies the effects of fiscal policy on private GDP, inflation and the long-term interest rate in Italy … Quarterly Reports. The main results of the study can be summarized as follows. A shock to government purchases of goods and … services has a sizeable and robust effect on economic activity: an exogenous one per cent (in terms of private GDP) shock …

, 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 …

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 …

.K., Germany and Italy, for the period 1980:4-2009:4, encompassing macro, fiscal and financial variables. The results show that (i … economic growth to a fiscal shock are mostly positive in both financial stress regimes; (iii) financial stress has a negative … shock is mainly associated with different behaviour across regimes; (v) the size of the fiscal multipliers is higher than …

, France and Italy lead to significant increases in imports from a number of European countries. In order to mimic the case of …