Il debito pubblico italiano cento anni dopo

Authors

  • Giuseppe Canullo
  • Paolo Pettenati

DOI:

https://doi.org/10.13133/2037-3651/9698

Abstract

The public debt to GDP ratio has exceeded 100% on four occasions during the course of Italian economie history: at the end of last century, during the two World Wars and in the last decade. After the wars the ratio was brought down by high inflation (which destroyed the real value of debt). Today the ratio has to be lowered to 60% (Maastricht Treaty) through a tight budget policy in a context of price stability. We show that this target can be reached in 10-15 years without hindering the prospects of reducing unemployment. We point out that Italy has already successfully followed this policy a centu­ry ago, at the moment of the country's take-off.

 

 

JEL Codes: H63

 

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Published

2012-04-19

Issue

Vol. 51 No. 201 (1998)

Section

Articoli

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