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Measures for the Growth and Public-Debt Repayment in Italy

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  • Francesco Carlucci

Abstract

Some of the more relevant interventions that are proposed in Italy to foster economic growth and markedly reduce its public debt are here analysed. Conditional on general and specific measures (structural reforms, public investments not ncluded in the ratio debt/GDP, additional investments, reduction of the tax wedge, depreciation of the euro against US dollar), simulations of economic growth rates and usual fiscal parameters are made. The only intervention that in the long run seems to foster country’s economy and at the same time drastically reduce its public debt is the devaluation of euro. It must be accompanied by the continuous pursuit of reforms that operate in a general form on the whole system.

Suggested Citation

  • Francesco Carlucci, 2016. "Measures for the Growth and Public-Debt Repayment in Italy," STUDI ECONOMICI, FrancoAngeli Editore, vol. 2016(118-119-1), pages 23-58.
  • Handle: RePEc:fan:steste:v:html10.3280/ste2016-118003
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    References listed on IDEAS

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    1. Annicchiarico, Barbara & Di Dio, Fabio & Felici, Francesco, 2013. "Structural reforms and the potential effects on the Italian economy," Journal of Policy Modeling, Elsevier, vol. 35(1), pages 88-109.
    2. Barbara Annicchiarico & Fabio Di Dio & Francesco Felici & Francesco Nucci, 2014. "Assessing Policy Reforms for Italy Using ITEM and QUEST III," Rivista di Politica Economica, SIPI Spa, issue 3, pages 211-244, July-Sept.
    3. Bagnai, Alberto & Carlucci, Francesco, 2003. "An aggregate model for the European Union," Economic Modelling, Elsevier, vol. 20(3), pages 623-649, May.
    4. Engle, Robert F. & Yoo, Byung Sam, 1987. "Forecasting and testing in co-integrated systems," Journal of Econometrics, Elsevier, vol. 35(1), pages 143-159, May.
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    More about this item

    JEL classification:

    • C54 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Quantitative Policy Modeling
    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt

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