Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/26487
Authors: 
Piluso, Giandomenico
Ricciuti, Roberto
Year of Publication: 
2008
Series/Report no.: 
CESifo working paper 2442
Abstract: 
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
JEL: 
N13
N14
E32
E60
Document Type: 
Working Paper

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