The dominant supply-side foundation for explanations of the growth potential of an economy is losing its persuasive power in the face of persistent losses in output and employment experienced by mature economies in the aftermath of the financial crisis. There is now an opening for eclectic...

Abstract: This paper contributes to a growing body of work within ‘fiscal policy studies’, investigating for the recent role of fiscal policy on the Italian economy. Using annual data collected on regional basis, this study estimates and compares the (impact and cumulative) fiscal...

This paper is an empirical analysis of the interaction between the dynamics of demand, productivity and employment in nine industrial countries, viz. The United States, Canada, Japan, West Germany, France, Italy; the United Kingdom, the Netherlands, and Belgium, from 1960-1990. Its theoretical...

The present paper analyses the dynamics of compensation and bargaining agreement at a firm level within the changed bargaining modes following the July 1993 agreement. The paper is divided in two parts. In the first part, the compensation dynamics are considered, with special emphasis on: a)...