Politiche di Sostegno della Domanda in Presenza di Elevato Debito Pubblico (Policies to Support Demand in the Presence of High Public Debt)

Moneta e Credito, Vol. 64, No. 253, pp. 45-52, May 2011

8 Pages Posted: 19 May 2011

See all articles by Paolo Bosi

Paolo Bosi

Università degli studi di Modena e Reggio Emilia (UNIMORE)

Carlo D'Adda

University of Bologna

Date Written: May 10, 2011

Abstract

This article presents an economic policy proposal, aiming at stimulating the growth of the Italian economy over a period of unsatisfactory performance and limited possibility to expand the government expenditure due to the high level of public debt. The basic idea is a Keynesian one: using fiscal incentives to increase the consumption/income ratio of the private sector. In this way private action may become a substitute for (impossible) government action. A simulation of the envisaged incentive policy by means of an econometric model of the Italian economy (Prometeia model) helps estimate the likely effects of the proposal.

Note: Downloadable document is in Italian.

Keywords: stimulus package, Italian economy, fiscal incentives, Prometeia model

JEL Classification: E61, E62, H31

Suggested Citation

Bosi, Paolo and D'Adda, Carlo, Politiche di Sostegno della Domanda in Presenza di Elevato Debito Pubblico (Policies to Support Demand in the Presence of High Public Debt) (May 10, 2011). Moneta e Credito, Vol. 64, No. 253, pp. 45-52, May 2011, Available at SSRN: https://ssrn.com/abstract=1837355

Paolo Bosi (Contact Author)

Università degli studi di Modena e Reggio Emilia (UNIMORE) ( email )

Viale A. Allegri 9
Modena, Modena 42121
Italy

Carlo D'Adda

University of Bologna ( email )

Strada Maggiore 45
Bologna
Italy

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