I saldi strutturali dei bilanci pubblici: verifiche di metodo ed applicazioni empiriche
AbstractThis paper gives a new interpretation of the Stability Pact using the cyclically adjusted budget balance for the Italian economy. We single out the influence of the cycle on the government budget revenue and expenditure according to the European Community (EC) and OECD methods. The sample period, 1996-2003, includes past data and forecasts according to IRS (October 1999) and DPEF for the years 1999-2003. We check for the robustness and for the possibility of bias of the results with a new methodology, that allows to distinguish between cyclical and structural component of the budget deficit. We also check for the effects of each component of the aggregate demand on the structural balances. We finally use EC's method to evaluate the measures planned on the DPEF 2000-2003 related to the EC Stability Pact. The result is that by replacing actual by structural deficit we fulfill the budget requirements for the period 2000-2001, but not afterwards.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Società editrice il Mulino in its journal Politica economica.
Volume (Year): (2000)
Issue (Month): 3 ()
Contact details of provider:
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.