IDEAS home Printed from https://ideas.repec.org/p/udf/wpaper/2013222.html
   My bibliography  Save this paper

Il confronto tra politiche di rigore fiscale e politiche di sviluppo economico in Italia e nell'UE

Author

Listed:
  • Aurelio Bruzzo

    ()

  • Massimiliano Di Pace

Abstract

Austerity Fiscal policies versus Development policies in Italy and European Union The debate on economic policy issues underway in Italy and EU shows two different stances: on one hand a support to restrictive budgetary policy, aimed at achieving the balance of government finance, as required by European Union, and accepted by 25 EU countries, that is the ones signatories of the Fiscal Compact; on the other hand the priority assigned to the objective of economic development, shared by many representatives of the political and academic institutions of southern European countries, who claim to loosen the constraints stemming from public finance surveillance. In this framework the first paper, drafted by Aurelio Bruzzo, recalls this debate, highlighting the considerations mentioned by each group of economists, which you may find mixed in some studies worked out by supporters of intermediate positions. The second paper, written by Massimiliano Di Pace, after having pointed out the reasons and the content of the Fiscal Compact, as well as the changes to the Italian Constitution entailing the budget balance rule, quantifies the impact of these new guidelines of fiscal policy on Italian public finance. Both papers of this work are based on the belief that the two intended objectives of ongoing economic policy, that is financial stability and economic recovery, are not alternative, but complementary, and, under certain conditions, also compatible. In fact, together with the Fiscal Compact, it is still operational the Europe 2020 strategy, whose main objective is to create conditions for an intelligent, inclusive and sustainable economic growth.

Suggested Citation

  • Aurelio Bruzzo & Massimiliano Di Pace, 2013. "Il confronto tra politiche di rigore fiscale e politiche di sviluppo economico in Italia e nell'UE," Working Papers 2013222, University of Ferrara, Department of Economics.
  • Handle: RePEc:udf:wpaper:2013222
    as

    Download full text from publisher

    File URL: http://out.economia.unife.it/uploads/dip_deit/quaderni/2013222.pdf
    Download Restriction: no

    More about this item

    Keywords

    Budget policy; Fiscal Policy; Development Policy; European Union; Government Debt; Deficit; Fiscal Compact;

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:udf:wpaper:2013222. 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: (Alberto Benati). General contact details of provider: http://edirc.repec.org/data/deferit.html .

    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.