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Politiche di sostegno della domanda in presenza di elevato debito pubblico

Author

Listed:
  • Paolo Bosi
  • Carlo D’Adda

    (Universitˆ degli Studi di Bologna)

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.

Suggested Citation

  • Paolo Bosi & Carlo D’Adda, 2011. "Politiche di sostegno della domanda in presenza di elevato debito pubblico," Moneta e Credito, Economia civile, vol. 64(253), pages 45-52.
    • Handle: RePEc:psl:moneta:2011:5
    as

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    File URL: http://scistat.cilea.it/index.php/MonetaeCredito/article/view/319/174
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    Citations

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    Cited by:

    1. Alessandro Roncaglia, 2011. "Macroeconomics in crisis and macroeconomics in recovery," PSL Quarterly Review, Economia civile, vol. 64(257), pages 167-185.
    2. Carlo D'Ippoliti, 2011. "Introduzione: la crisi economica e della scienza economica," Moneta e Credito, Economia civile, vol. 64(254), pages 95-104.
    3. Carlo D'Ippoliti, 2011. "Introduction: the crisis of economies and economics," PSL Quarterly Review, Economia civile, vol. 64(257), pages 95-103.

    More about this item

    Keywords

    stimulus package; Italian economy; fiscal incentives; Prometeia model;
    All these keywords.

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household

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