This paper studies the effects of fiscal policy on private GDP, inflation and interest rates in Italy using a …. The main results of the study can be summarized as follows. A shock to government purchases of goods and services has a … sizeable and robust effect on economic activity: an exogenous one per cent (in terms of private GDP) shock raises private real …

This paper studies the effects of fiscal policy on private GDP, inflation and the long-term interest rate in Italy … Quarterly Reports. The main results of the study can be summarized as follows. A shock to government purchases of goods and … services has a sizeable and robust effect on economic activity: an exogenous one per cent (in terms of private GDP) shock …

, 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 … output in Italy. The fiscal multiplier, which is maximized at the one year horizon, follows a U-shape over the sample …

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 … tend to have positive effects on output in Italy. The fiscal multiplier, which is maximized at the one year horizon …

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

autoregression (VAR) approach. Identification of the tax shock follows the narrative approach recently proposed by Romer and Romer …