Francesco Porcelli

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    Evidence from the 2009 L’Aquila earthquake shows the importance of public grants in stimulating output following an economic shock

Evidence from the 2009 L’Aquila earthquake shows the importance of public grants in stimulating output following an economic shock

In 2009, an earthquake struck the region of Abruzzo in Italy near L’Aquila, causing over 300 deaths and substantial damage to buildings. Francesco Porcelli and Riccardo Trezzi present findings on the economic impact of the earthquake, particularly in terms of the role of reconstruction grants which were allocated to affected areas. They note that not every area which suffered […]

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Local government areas that are controlled by the same party as national governments receive larger grants and have lower taxes.

What are the implications if parties that control local municipalities are the same as those that are in government nationally? Using data from Italy, Emanuele Bracco, Francesco Porcelli and Michela Redoano find that municipalities which are politically aligned with central government get more in government grants, and have lower taxes on average. Their mayors also have a better chance of […]

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