The growth of public debt in Italy: past experience, perspectives and policy problems

Authors

  • L. SPAVENTA

DOI:

https://doi.org/10.13133/2037-3643/11072

Keywords:

Italy, public debt, financial innovation, monetary policy, fiscal policy

Abstract

The work surveys the Italian experience with reference to growth and public debt. It does not seek to test conflicting views, as the effects of some financial and policy innovations are too recent and some data is of poor quality. Rather, its more limited scope is to draw on past experience and, more importantly, assess future prospects in order to discuss some problems regarding both fiscal and monetary policy. The author examines debt formation with reference to borrowing requirements, their composition and their adjusted measure, before taking into consideration financing policies pursued by the authorities  and the changes in the composition, ownership and cost of debt. Finally, possible future developments and some connected policy problems are examined.


JEL: H63, E52, E62

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Published

2013-11-21

How to Cite

SPAVENTA, L. (2013). The growth of public debt in Italy: past experience, perspectives and policy problems. PSL Quarterly Review, 37(149). https://doi.org/10.13133/2037-3643/11072

Issue

Vol. 37 No. 149 (1984)

Section

Editorial

License

 
 
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