Simone Romano's research while affiliated with Università Degli Studi Roma Tre and other places

Publications (4)

Article
This paper presents new evidence suggesting that the aggregate conditions faced by businesses in the year of birth affect their performance over the entire life cycle. Using a unique employer-employee dataset that covers the universe of Italian businesses over the period 1975-2017, we document that businesses born during recessions start on a large...
Article
This paper estimates the cross-border effects of U.S. fiscal shocks on four main trading partners within a two-country Bayesian VAR framework. Using an identification strategy which differentiates between expected and unexpected government spending shocks, it provides evidence in support of the hypothesis that expectations alter fiscal policy trans...
Article
Full-text available
This contribution provides evidence in support of the hypothesis that fiscal policy is largely anticipated and its effects depend on expectations. Based on a 2-country Bayesian VAR model between major European economies, we found that an unanticipated fiscal stimulus leads to expectations of strong deficit reversals. This in turn depresses domestic...

Citations

... ey basically do not contain a prognostic element [11][12][13]. In Germany, foresight tools are actively used to assess and predict rural development [14,15]. Perspective German foresight projects are represented by a system of tracking (monitoring system). ...
... Against this background, an empirical analysis conducted by Cavallari and Romano (2017) supports fiscal predictability as a condition for preventing crowding-out phenomena. A credible and anticipated fiscal policy helps agents to formulate rational expectations supporting a Ricardian behavior. ...