IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-0-387-72141-5_3.html
   My bibliography  Save this book chapter

Did the Italian Public Finances Converge to European Standards after the EMU?

In: Italian Institutional Reforms: A Public Choice Perspective

Author

Listed:
  • Emma Galli

    (Università of Rome “La Sapienza”)

  • Nadia Fiorino

    (Università of L'Aquila)

Abstract

This chapter analyses whether joining the EMU succeeded in making the Italian public deficit levels converge towards the values of the two other main EU countries, Germany and France. By means of a time series analysis, we conclude that the evolution of the determinants of the Italian public deficit-to- GDP ratio after Maastricht is closer to the German and French ones. Upon controlling for all the other main variables identified in the theoretical literature on debt creation, we reach the conclusion that the Maastricht provisions are the main drivers of this convergence process, which makes the Italian public finances sensitive to the evolution of the Stability and Growth Pact. Key words: Public deficits, Maastricht Treaty, comparative test.

Suggested Citation

  • Emma Galli & Nadia Fiorino, 2008. "Did the Italian Public Finances Converge to European Standards after the EMU?," Springer Books, in: Fabio Padovano & Roberto Ricciuti (ed.), Italian Institutional Reforms: A Public Choice Perspective, chapter 0, pages 37-49, Springer.
    • Handle: RePEc:spr:sprchp:978-0-387-72141-5_3
    DOI: 10.1007/978-0-387-72141-5_3
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    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:spr:sprchp:978-0-387-72141-5_3. See general information about how to correct material in RePEc.

    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 bibliographic 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.