Since the Global Financial Crisis in 2008-2009, there has been flourishing literature on the role of fiscal policy in stimulating demand when the economy is in a deep recession. Past studies suggest the stimulus may make sense if it is temporary, targeted, and withdrawn quickly. However, since...

Italy's overall GDP growth has been dismal in recent years and this poor performance has been compounded by a declining trend in labour productivity and total factor productivity growth. This paper looks into growth accounting and structural indicators and analyses Italy's performance against...

Italy's overall GDP growth has been dismal in recent years and this poor performance has been compounded by a declining trend in productivity growth. This paper looks into growth accounting and structural indicators and analyses Italy's performance against other European countries. We look at...