Politiche di sostegno della domanda in presenza di elevato debito pubblico.(Policies to Sustain Aggregate Demand in Presence of High Public Debt)

Authors

  • Paolo Bosi
  • Carlo D’Adda

DOI:

https://doi.org/10.13133/2037-3651/9503

Keywords:

stimulus package, Italian economy, fiscal incentives, Prometeia model.

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.

 

 

JEL: E61, E62, H31

 

 

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Published

2011-03-22

Issue

Vol. 64 No. 253 (2011)

Section

Articoli

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