Calin Arcalean ESADE Business School, Universitat Ramon Llull   Av. de la Torre Blanca, 59 Sant Cugat del Valles, Barcelona E-08172 SPAIN   calin.arcalean@esade.edu   http://profesores.esade.edu/calinarcalean           JEL Areas: E6 : Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General H : Public Economics