Matteo FRAGETTA | Progetti

Is the government spending multiplier greater in recession or in expansion? Can the level of debt-toGDP ratio influence multiplier in recession or in expansion? Using a Factor-Augmented Interacted Panel VAR Model enriched with exogenous variables (FAIPVAR-X), we firstly try to infer about the size of the government spending multiplier in expansion and in times of slack. Then, we investigate on how

Starting from 2009, many OECD and developing countries have implemented expansionary fiscal policies with the purpose to soften the effects of the Great Recession A natural question arises: what is the magnitude of the government spending multiplier when monetary policy is constrained at the Zero Lower Bound(ZLB)? Is it larger or smaller than in normal times? On the one hand, there are researchers

Inflation differentials in the European Monetary Union (EMU) have been at the core of the academic and policy debate since its onset. In fact, given that within the EMU a fixed exchange regime is in place, persistent inflation differentials lead to real exchange rate misalignments and competitiveness gaps. The objective is to establish empirically all, or at least many, potential determinants of i

Analisi macroeconometrica (Finanziamento per avvio attività di ricerca - rif. prot. 32582 del 18/05/2015