Hamburg, Britta; Momigliano, Sandro; Manzke, Bernhard; … - In: Revista de Economía y Estadística XLVIII (2010) 2, pp. 103-133
-coordinated policy responses, both monetary and fiscal. In this paper we examine public finance developments in Germany and Italy in 2009 … automatic stabilisers to have had an impact on the deficit of similar magnitude in Germany and Italy. We then assess, on the … than 2 percentage points in Germany and by 1 per cent in Italy. The difference in the stabilizing effect of the two public …