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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/26487
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| Title: | | Fiscal policy and the banking system in Italy: have taxes, public spending and banks been procyclical in the long-run?  |
| Authors: | | Piluso, Giandomenico Ricciuti, Roberto |
| Issue Date: | | 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 |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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