What is the most appropriate combination of fiscal and monetary policies in economies
subject to banking crises and deep recessions? We study this issue using an agent-based …

This timely and insightful collection of essays written by economists from a range of
academic and policy institutes explores the subject of public investment through two …

Nous étudions la relation entre investissement public et investissement privé non-
résidentiel. Au niveau théorique, l'investissement public peut avoir deux effets …

Faced with the global financial crisis and an increasingly worrisome sovereign-debt crisis,
the Eurozone countries are rethinking their fiscal governance. This paper discusses the …

A common argument against balanced-budget fiscal rules has it that the costs of durable
public capital fall entirely on current generations while its benefits also accrue to future …

Tra le norme fondamentali degli ordinamenti statali composti–dal co. 4 dell'art. 119 Cost.
italiana, che tratta di finanziamento integrale delle funzioni attribuite agli enti territoriali, alle …

We present a quantitative analysis of Italian fiscal and structural reforms using the Prometeia
Dynamic Stochastic General Equilibrium (DSGE) model to identify the optimal reform mix to …

The paper analyzes economic stabilization in Brazil in the context of a New Keynesian
model estimated with Bayesian techniques. Dataset covers the period 1975–2012. Our …

Over the last three decades, both macroeconomists and policymakers involved in fiscal
policy have mainly focused on long-run issues. The consensus was government should …

The work sheds light on the largely under-investigated puzzle of the distributional impact of
EU economic governance on the budget structures of the Member States. The overarching …