In this paper, I incorporate a complex network model into a state of the art stochastic general equilibrium framework with an active interbank market. Banks exchange funds one another generating a complex web of interbanking relations. With the tools of network analysis it is possible to study h...
Modern and efficient public administrations are necessary to ensure fast and high-quality services for firms and citizens. This, in turn, may lead to more efficient public spending and increase the focus on measures reinforcing economic growth. In this context, the use of ICT and the deployment ...
The literature on fiscal multipliers finds that spending-based fiscal consolidations tend to have more benign macro-economic consequences than revenue-based consolidations. By directly comparing ex-post data with consolidation plans, we present evidence of a systematically weaker follow-up of sp...
The revision of the Green Public Procurement (GPP) criteria for Computers and Monitors is aimed at helping public authorities to ensure that computers and monitors are procured in such a way that it delivers environmental improvements that contribute to European policy objectives for energy, che...
The budget of the European Union (EU) amounts to around 1% of Gross Domestic Product (GDP) of the EU. Although financed by national contributions, only a part of expenditure flows across Member States. According to our estimates, yearly cross-border flows operated through the EU budget amount to...
The economic recovery in the euro area and the EU as a whole has continued this year at a moderate pace. Government deficits continue to fall and debt levels have stabilised. By 2016, most Member States are expected to be outside the EDP. The aggregate fiscal stance is broadly neutral, which is ...
