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
Date Written: May 10, 2011
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: Suggested Citation