IDEAS home Printed from https://ideas.repec.org/a/mul/je8794/doi10.1429-1500y2000i3p335-354.html
   My bibliography  Save this article

I saldi strutturali dei bilanci pubblici: verifiche di metodo ed applicazioni empiriche

Author

Listed:
  • Luigi Bernardi
  • Beatrice Pierluigi

Abstract

This 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.

Suggested Citation

  • Luigi Bernardi & Beatrice Pierluigi, 2000. "I saldi strutturali dei bilanci pubblici: verifiche di metodo ed applicazioni empiriche," Politica economica, Società editrice il Mulino, issue 3, pages 335-354.
  • Handle: RePEc:mul:je8794:doi:10.1429/1500:y:2000:i:3:p:335-354
    as

    Download full text from publisher

    File URL: https://www.rivisteweb.it/download/article/10.1429/1500
    Download Restriction: Access to full text is restricted to subscribers

    File URL: https://www.rivisteweb.it/doi/10.1429/1500
    Download Restriction: no

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mul:je8794:doi:10.1429/1500:y:2000:i:3:p:335-354. See general 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: (). General contact details of provider: https://www.rivisteweb.it/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.