Resource title

Fiscal policy and the banking system in Italy: have taxes, public spending and banks been procyclical in the long-run?

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Resource description

This paper analyses the relations between the banking system fluctuations, on one hand, and taxation and public spending, on the other one, using a VECM methodology. We find some evidence of prociclicality of fiscal policy using variables such as government spending, taxes, and primary surplus. Effects in the opposite direction are much smaller. Results are quite stable over time. - Credit cycles ; fiscal policy ; procyclicality

Resource author

Giandomenico Piluso, Roberto Ricciuti

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Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/26487

Resource license

Adapt according to the presented license agreement and reference the original author.