We analyze the conditions for public debt-to-GDP ratio stability extending Domar’s approach by including interaction between government’s reaction function and private sector’s function, considering impact of 2020–2021 pandemic shock monetary fiscal policy responses, with simulations applied to Italian case. The outcomes numerical show crucial importance ECB extraordinary policies, NGEU and, le...

This article explores continuity and change in Germany’s policy towards economic monetary integration, comparing its approach to the Eurozone crisis with response challenges of Covid-19 pandemic. As largest EU member state significant macroeconomic relevance for whole Eurozone, Germany presents a critical case during both episodes. The adopts an historical institutionalist exploring evolution, ...

The European Union (EU) launched the Common Fisheries Policy (CFP) in 1970s. Currently, a large part of CFP has been financed with Maritime and Fund (FEMP). This research aims to determine whether there is high degree homogeneity levels efficiency achieved by fishing projects Funds for period 2014 2020. Data Envelopment Analysis (DEA) methodology was adopted. main results showed that heterogene...

A large body of the literature use aggregate data to investigate validity J-curve hypothesis. Recent studies, however, address importance disaggregated in order prevent from aggregation bias. In case Turkey where foreign trade volume is largely dominated by Eurozone countries, one set studies examines phenomenon using total while a second investigates bilateral within time-series framework. Thi...

In this paper we take a novel approach to examining the trade imbalances between Southern Eurozone countries and Northern by aggregating them into Group Group. We then explore three possible causes of imbalances, which are fiscal channel, investment channel competitiveness channel. find that all channels important in explaining emergence correction imbalances. particular, an increase deficits N...

In recent months, fi nancial markets have become more anxious about several key developments in Europe. First, there are increased worries that political change in Greece could lead it to renegotiate the terms of its bailout agreement, and in a worst case scenario, exit the euro area. The latter outcome could revive the eurozone fi nancial crisis, as markets would bet on who is next. Second, th...

Abstract The respect of fiscal parameters is supposed to be – according the official position European institutions best recipe for granting stability and growth. This optimistic view appears in contrast with recent increase poverty. aim this paper individuate existence a relation between governments’ decisions about policy absolute poverty 19 Eurozone countries from 2005 2017. attempt answer q...