We investigate the sustainability of fiscal policy in a set of 19 European Monetary Union (EMU) countries over the period 1970-2016. Panel unit root tests in the presence of cross-section dependence show that the Government debt series is stationary, indicating that the solvency condition would...

We investigate the sustainability of fiscal policy in a set of 19 European Monetary Union (EMU) countries over the period 1970-2016. Panel unit root tests in the presence of cross-section dependence show that the government debt series is stationary, indicating that the solvency condition would...

Lo scopo di questo lavoro è valutare empiricamente la relazione tra dimensione pubblica e crescita economica. Utilizzando metodologie di serie temporali applicate a dati annuali per l'Italia, vengono analizzati gli effetti della spesa pubblica, della disoccupazione e delle riforme fiscali...

We assess the sustainability of fiscal policy in the EU-28 countries over the 1980-2015 years. Panel unit root tests in presence of cross-sectional dependence show that government revenues, expenditures, the primary balance, and debt are non-stationary series. However, cointegration tests reveal...