Raffaella Basile

Ministry of Economy and Finance, Department of the Treasury, Economic and Financial Analysis and Planning Directorate

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Can We Rely Upon Fiscal Policy Estimates in Countries with Unreported Production of 15 Percent (or More) of GDP?

Government of the Italian Republic (Italy), Ministry of Economy and Finance, Department of the Treasury Working Paper No.1
Number of pages: 59 Posted: 01 Apr 2012 Last Revised: 31 Jul 2012
Raffaella Basile, Bruno Chiarini and Elisabetta Marzano
Ministry of Economy and Finance, Department of the Treasury, Economic and Financial Analysis and Planning Directorate, University of Naples, Parthenope and University of Naples Parthenope - Department of Economic Studies (DES)
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Abstract:

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fiscal policy, VECM, fiscal multipliers, unreported GDP, tax ratio, effective tax rate