Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/159800
Authors: 
Falagiarda, Matteo
Gregori, Wildmer Daniel
Year of Publication: 
2014
Series/Report no.: 
Quaderni - Working Paper DSE 961
Abstract: 
This paper attempts to evaluate the effects of fiscal policy announcements by the Italian government on the long-term sovereign bond spread of Italy relative to Germany. After collecting data on relevant fiscal policy announcements, we perform an econometric comparative analysis between the three cabinets that followed one another during the period 2009-2013. The results suggest that only fiscal policy announcements made by members of Monti's cabinet have been effective in influencing the Italian spread, revealing a remarkable credibility gap between Monti's technocratic administration and Berlusconi's and Letta's governments.
JEL: 
E43
E62
G01
G12
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by-nc/3.0/
Document Type: 
Working Paper

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