Fiscal policy for households and public budget constraint in Italy

Ahmed, Irfan; Socci, Claudio; Severini, Francesca; Pretaroli, Rosita

doi:10.1007/s40888-018-0114-6

Cited by 9 publications

(6 citation statements)

References 18 publications

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“…The analysis is carried out using a dynamic computable general equilibrium (DCGE) model based on the Financial Social Accounting Matrix (FSAM). This set of instruments is recognized by the current literature as a valid tool to quantify the impact of both fiscal and monetary policies because it allows tracking the policy transmission mechanisms through the phases of the income circular flows (Ahmed, Socci, Severini, & Pretaroli, 2018; Ciaschini et al 2015). In particular, when focusing on monetary policy, its effect originates from the financial markets and reverberates to the commodity markets.…”

Section: Introductionmentioning

confidence: 99%

“…In particular, when focusing on monetary policy, its effect originates from the financial markets and reverberates to the commodity markets. This connection can be studied using exogenous flows (as in Christiano, Eichenbaum, & Evans, 2005, Smets & Wouters, 2003, 2007) or alternatively, integrating the financial flows with the economic flows of the SAM to derive the FSAM (Ahmed, Socci, Severini, Yasser et al, 2018). Compared to the existing literature, the present study contributes to disclosure the connections between the financial market and the RE market that operate in two different but related levels, within the Italian economic system.…”

Section: Introductionmentioning

confidence: 99%

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Economic impact of monetary policy: Focus on real estate sector in Italy

et al. 2020

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This study investigates the nexus between financial market and real estate (RE) sector against the backdrop of ECB's unconventional monetary policy. A financial dynamic computable general equilibrium (DCGE) model is calibrated on the financial social accounting matrix (FSAM) of Italian economy. The findings confirm that the inclusion of financial intermediation into real economy affects the real estate sector's output, value added, and pricing.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Economic impact of monetary policy: Focus on real estate sector in Italy

et al. 2020

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“…A Sam provides an analytical framework to study the underpinnings of income circular flow that are resulted from the interactions among the institutions (Ciaschini et al, 2009;Ciaschini et al, 2012;Ahmed et al, 2019). It integrates the production activities, income generation and its distribution, expenditure and investment of economic agents, thereby allows studying the growth of the economy (Doukkali and Lejars, 2015).…”

Section: Data and Methods 21 Social Accounting Matrix (Sam)mentioning

confidence: 99%

Role of income distribution and consumption expenditure in agricultural output: case of Nigeria

Ahmed

Medabesh

2020

IJSE

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PurposeThis study quantifies empirically the induced impact of income distribution and consumption expenditure on the structures of agriculture production of Nigerian economy.Design/methodology/approachThe study calibrates an extended input-output model on a social accounting matrix (SAM) for Nigeria for the year 2010. Moreover, the study conducts a dispersion analysis to identify the key agriculture sectors/subsectors both in exogenous and endogenous setup.FindingsThis study presents an empirical analysis of propagation in the structure of production particularly in the structure of agriculture sector. It combines the aggregate and the disaggregated levels of analysis and identifies the key sectors/subsectors both in the exogenous and endogenous setup. The comparison of both findings confirms that the composition of income distribution and consumption expenditure significantly influences the composition and the aggregated and disaggregated order of structure of agriculture production.Originality/valueKnowledge of interindustry connections is vital in policy implications since the policy makers prefer strongly interconnected sectors to the sectors with poor industry linkages. These connections are estimated as forward and backward linkages, which provide indices to set the criteria for key sectors identification. This study presents an empirical analysis of propagation in the structure of production particularly in the structure of agriculture sector. It combines the aggregate and the disaggregated levels of analysis and identifies the key sectors/subsectors both in the exogenous and endogenous setup.

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“…The representation of the Sardinia economy through the regional SAM enables to develop a CGE model which considers all the phases of the circular flow of income ( Ahmed et al, 2019 ; Pretaroli et al, 2018 ) recreating the benchmark equilibrium of the SAM ( Taylor, 1990 ). In this paper regional CGE model will be use to analyse the economic impact caused by the stop on production as a consequence of national lockdown.…”

Section: The Cge Modelmentioning

confidence: 99%