This paper analyses the effects on private consumption from an increase in productive and unproductive public spending. A new-Keynesian model incorporating price and wage rigidities, monetary policy and various fiscal rules is developed and estimated, using Bayesian techniques, to capture the...

The aim of the paper is to produce both a theoretical and empirical analysis on the existence and nature of a causal link between the set of labour market institutions (the industrial relations systems) and national employment performance.In Section 2, the existing literature is briefly...

This paper examines whether a non-instantaneous relationship between CO2 emission and temperature increase can affect asymptotic stability in a Golden rule context, when utility is not only determined by the level of per capita consumption but also allows for the negative influence of the...