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-term sovereign bond spread of Italy relative to Germany. After collecting data on relevant fiscal policy announcements, we perform an …
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We welfare rank various tax-spending policies. The setup is a New Keynesian model of a semi-small open economy featuring sovereign risk premia and loss of monetary policy independence. The model is calibrated to match data from the Italian economy 2001-2011. We compute various optimized...
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-term sovereign bond spread of Italy relative to Germany. After collecting data on relevant fiscal policy announcements, we perform an …
Persistent link: https://www.econbiz.de/10013047985
Persistent link: https://www.econbiz.de/10014323548
dominance regimes. We consider France and Italy as illustrative cases for revising price and debt relationship (1955-2019 and … bound combined with a contemporaneous switch into fiscal easing in France, shared by Italy only after consolidating finances …, deflation and explosive debt paths under monetary dominance. In Italy, a procyclical fiscal policy in downturns due to limited …
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