Matteo FRAGETTA | Progetti

La letteratura sull'impatto della politica monetaria sui singoli paesi dell'Euro area è discordante. Date eterogeneità strutturali finanche all'interno dei singoli paesi, scopo della ricerca è vedere l'impatto della politica monetaria della BCE sulle singole regioni. Tale indagine potrebbe far emergere informazioni più accurate sulle possibili cause strutturali che generano impatti eterogenei.

This research aims to analyze how the state of the economy affects the magnitude of tax multipliers. First, we use a panel regime-switching local projection method to investigate about the size of the multipliers in recession and expansion in the Euro Area. Thanks to the LP method, we are also able to capture asymmetries deriving from the direction of the fiscal policy intervention. Then, among Eu

The literature has shown that the size of fiscal multiplier might depend on: the size of the automatic stabilizers, the trade openness, the exchange rate regimes, the level of public debt, the financial market development, the development stage of the economy, the monetary policy stance and the state of economy. The aim of this research is to investigate about nonlinearities that influence the si