Since the second half of 2011, after a period of prolonged low growth, Italy has found itself at
the center of a severe economic crisis. Concerns about the sustainability of its debt burden …

This paper quantifies the macroeconomic and welfare implications of (i) changes in the tax-
spending mix and (ii) debt consolidation policies. The setup is a neoclassical growth model …

The large Greek current account deficit figures reported during the past few years have
become the source of increasing concern regarding its sustainability. Bearing in mind the …

Introduction: Taxes, as an effective policy of governments to achieve their desired economic,
social and political goals, can affect the welfare of the society by influencing the production …

This chapter examines the relationship between tax policy, foreign direct investments, and
economic growth. The aim of this chapter is to analyze and to estimate the impact that …

This paper investigates the macroeconomic implications of alternative tax regimes. For this
purpose, a one-sector general equilibrium model is constructed in which heterogeneous …

In this research paper, we critically examine certain stylised facts, from the view of capital
fundamentalism, claiming that national fiscal policies can be considered as the primary …

In this research paper, we critically examine the view of capital fundamentalism, claiming
that national fiscal policies can be considered as the primary determinant of dynamic and …

This paper provides an introduction to the dynamic properties of a dynamic stochastic
general equilibrium (DSGE) model for a small open economy developed for quantitative …