We apply non-linear error-correction models to the empirical testing of the sustainability of the government …'s intertemporal budget constraint. Our empirical analysis, based on Italy, shows that the Italian government is meeting its …

We apply non-linear error-correction models to the empirical testing of the sustainability of the government …’s intertemporal budget constraint. Our empirical analysis, based on Italy, shows that the Italian government is meeting its …

We apply non-linear error-correction models to the empirical testing of the sustainability of the government …’s intertemporal budget constraint. Our empirical analysis, based on Italy, shows that the Italian government is meeting its …

. - Expenditure policies ; public debt ; expenditure rules ; sustainability ; fiscal stance …

Italy's hypothetical abandonment of the Eurozone and return to sustained and consistent growth thereby, seemingly being the …

panel data econometric estimators, this article examines the issue of fiscal sustainability for a group of 10 Caribbean … that past fiscal behavior is “weakly” sustainable. The “weak sustainability” finding is reinforced by evidence from an …

In this paper, we propose a time-varying parameter VAR model with stochastic volatility which allows for estimation on …, 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 …

allows for estimation on data sampled at different frequencies. Our contribution is two-fold. First, we extend the … 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 …

comingling of long and short term fiscal policies in the time series data. Estimation using a sequence of ARDL models indicates …