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Monetary-fiscal policy relations in the euro area : the impact on the primary balance
Dascher-Preising, Fabienne; Greiner, Alfred - 2022
With this paper, our objective is to empirically study public debt sustainability by estimating a fiscal reaction function where the primary balance relative to GDP is assumed to be a function of the public debt to GDP ratio of the previous year and of other macroeconomic variables. In...
Persistent link: https://www.econbiz.de/10013335018
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Building Future Generations : The Macroeconomic Consequences of Family Policies
Zhou, Anson - 2022
Most developed countries have family policies, but little is known about their macroeconomic consequences. This paper develops a heterogeneous agent overlapping generations framework that integrates trade-offs between the number of children (quantity) and investment per child (quality), a rich...
Persistent link: https://www.econbiz.de/10013314205
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Fiscal developments and financial stress : a threshold VAR analysis
Afonso, António; Baxa, Jaromír; Slavík, Michal - 2011
.K., Germany and Italy, for the period 1980:4-2009:4, encompassing macro, fiscal and financial variables. The results show that (i …
Persistent link: https://www.econbiz.de/10009152600
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Die Jagd auf den Zins oder: die Fiskalpolitik der Regierung Monti und ihre Folgen
Grasse, Alexander - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 92 (2012) 11, pp. 751-758
Italien leidet politisch und ökonomisch unter der Finanzkrise in der Europäischen Union. Das Wachstum ist negativ und …Mario Monti became Prime Minister of Italy in the autumn of 2011 after the refinancing of Italy’s debt in the financial … markets had almost failed. The Monti government has since made the lowering of the risk premium for Italy’s government bonds …
Persistent link: https://www.econbiz.de/10009678971
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The macroeconomic effects of fiscal policy
Afonso, António; Sousa, Ricardo M. - 2009
, fiscal data; and (vii) analyze empirical evidence from the U.S., the U.K., Germany, and Italy. The results show that …
Persistent link: https://www.econbiz.de/10003826480
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The Macroeconomics of Fiscal Consolidations in a Monetary Union : The Case of Italy
Forni, Lorenzo - 2010
We simulate the macroeconomic and welfare implications of different fiscal consolidation scenarios in Italy using a …
Persistent link: https://www.econbiz.de/10013138599
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Appraising the Effects of the Budget on the Economy with an Econometric Model : The Italian Fiscal Adjustment in the Nineties
Momigliano, Sandro - 2012
of the budget on the Italian economy in the period 1991-2000, using the Bank of Italy's Quarterly Econometric Model ….6 percentage points (with a spike of -1.4 points in 1995). As fiscal policy relaxed once Italy had succeeded in joining the …
Persistent link: https://www.econbiz.de/10013104505
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Do Fiscal Rules Matter for Growth?
Afonso, António - 2012
We study the relevance of fiscal rules for growth in an EU panel. Our results show that they foster growth, while stricter fiscal rules mitigate the adverse impact on growth from big governments. Moreover, more recent EU member states have gained from the implementation of fiscal rules
Persistent link: https://www.econbiz.de/10013104652
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The Effects of Fiscal Policy in Italy : Evidence from a VAR Model
Momigliano, Sandro - 2008
This paper studies the effects of fiscal policy on private GDP, inflation and the long-term interest rate in Italy …
Persistent link: https://www.econbiz.de/10012725077
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Fiscal Adjustments in OECD Countries : Composition and Macroeconomic Effects
Alesina, Alberto F. - 2006
countries and by focusing on three case studies: Denmark, Ireland and Italy …
Persistent link: https://www.econbiz.de/10012782031