Italian local fiscal multipliers: Evidence from proxy-SVAR

被引:1
|
作者
Matarrese, Marco Maria [1 ]
Frangiamore, Francesco [2 ]
机构
[1] LUM Giuseppe Degennaro Univ, Dept MFT, Bari, Italy
[2] Univ Palermo, DSEAS Dept, Palermo, Italy
关键词
Proxy-SVAR; Fiscal policy; Multipliers; Fiscal foresight; PANEL;
D O I
10.1016/j.econlet.2023.111185
中图分类号
F [经济];
学科分类号
02 ;
摘要
In this letter, we use the Proxy-SVAR approach to investigate fiscal multipliers in Italy. We also estimate distinct multipliers for the Centre-North and the South. Our findings are consistent with the Keynesian view that advocates positive government spending multipliers and point at higher multipliers in the Centre-North. (c) 2023 Elsevier B.V. All rights reserved.
引用
收藏
页数:5
相关论文
共 50 条
  • [11] The misalignment of fiscal multipliers in Italian regions
    Lucidi, Francesco Simone
    [J]. REGIONAL STUDIES, 2023, 57 (10) : 2073 - 2086
  • [12] Are Fiscal Multipliers Estimated with Proxy-SVARs Robust?
    Angelini, Giovanni
    Caggiano, Giovanni
    Castelnuovo, Efrem
    Fanelli, Luca
    [J]. OXFORD BULLETIN OF ECONOMICS AND STATISTICS, 2023, 85 (01) : 95 - 122
  • [13] Local government spending efficiency and fiscal decentralization: evidence from Italian municipalities
    Bucci, Valeria
    Ferrara, Giancarlo
    Resce, Giuliano
    [J]. APPLIED ECONOMICS, 2024, 56 (05) : 599 - 614
  • [14] Local and aggregate fiscal policy multipliers
    Dupor, Bill
    Guerrero, Rodrigo
    [J]. JOURNAL OF MONETARY ECONOMICS, 2017, 92 : 16 - 30
  • [15] Quantifying fiscal multipliers in Italy: A Panel SVAR analysis using regional data
    Deleidi, Matteo
    Romaniello, Davide
    Tosi, Francesca
    [J]. PAPERS IN REGIONAL SCIENCE, 2021, 100 (05) : 1158 - +
  • [16] Asymmetric fiscal multipliers in India - Evidence from a nonlinear cointegration
    Bhat, Javed Ahmad
    Sharma, Naresh Kumar
    [J]. MACROECONOMICS AND FINANCE IN EMERGING MARKET ECONOMIES, 2021, 14 (02) : 157 - 179
  • [17] Fiscal multipliers: new evidence from a large panel of countries
    Koh, Wee Chian
    [J]. OXFORD ECONOMIC PAPERS-NEW SERIES, 2017, 69 (03): : 569 - 590
  • [18] Procyclical and countercyclical fiscal multipliers: Evidence from OECD countries
    Riera-Crichton, Daniel
    Vegh, Carlos A.
    Vuletin, Guillermo
    [J]. JOURNAL OF INTERNATIONAL MONEY AND FINANCE, 2015, 52 : 15 - 31
  • [19] Jobs Multipliers: Evidence from a Large Fiscal Stimulus in Spain*
    Alloza, Mario
    Sanz, Carlos
    [J]. SCANDINAVIAN JOURNAL OF ECONOMICS, 2021, 123 (03): : 751 - 779
  • [20] Local fiscal multipliers and population aging in Japan
    Bessho, Shun-ichiro
    [J]. JAPAN AND THE WORLD ECONOMY, 2021, 60