The dynamics of Italian public debt : alternative paths for fiscal consolidation

Paolo Casadio; Antonio Paradiso; B. Bhaskara Rao

doi:10.1080/13504851.2011.591726

The dynamics of Italian public debt : alternative paths for fiscal consolidation

Paolo Casadio, Antonio Paradiso, B. Bhaskara Rao

Research output: Contribution to journal › Article › peer-review

Abstract

This article analyses possible targets for the Italian debt-to-GDP ratio with a small macroeconomic model. The role of international macroeconomic variables such as the US GDP growth, prices of raw materials, EUR/USD exchange rate and European Central Bank (ECB) monetary policy stance and domestic policy instruments is analysed in the debt dynamics. We find that external conditions play a fundamental role for the Italian fiscal consolidation. To reach a target of 100% of debt-to-GDP ratio by 2020, a further growth-sustaining policy has to be implemented.

Original language	English
Pages (from-to)	635-639
Number of pages	5
Journal	Applied Economics Letters
Volume	19
Issue number	7
DOIs	https://doi.org/10.1080/13504851.2011.591726
Publication status	Published - 2012

Keywords

Italy
debts_public
economic development
fiscal consolidation
fiscal policy
foreign exchange rates
gross domestic product
macroeconomics

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1080/13504851.2011.591726

Cite this

@article{ec307b265cff45afbcb34f1ec26b7be7,

title = "The dynamics of Italian public debt : alternative paths for fiscal consolidation",

abstract = "This article analyses possible targets for the Italian debt-to-GDP ratio with a small macroeconomic model. The role of international macroeconomic variables such as the US GDP growth, prices of raw materials, EUR/USD exchange rate and European Central Bank (ECB) monetary policy stance and domestic policy instruments is analysed in the debt dynamics. We find that external conditions play a fundamental role for the Italian fiscal consolidation. To reach a target of 100% of debt-to-GDP ratio by 2020, a further growth-sustaining policy has to be implemented.",

keywords = "Italy, debts_public, economic development, fiscal consolidation, fiscal policy, foreign exchange rates, gross domestic product, macroeconomics",

author = "Paolo Casadio and Antonio Paradiso and Rao, {B. Bhaskara}",

year = "2012",

doi = "10.1080/13504851.2011.591726",

language = "English",

volume = "19",

pages = "635--639",

journal = "Applied Economics Letters",

issn = "1350-4851",

publisher = "Routledge",

number = "7",

}

TY - JOUR

T1 - The dynamics of Italian public debt : alternative paths for fiscal consolidation

AU - Casadio, Paolo

AU - Paradiso, Antonio

AU - Rao, B. Bhaskara

PY - 2012

Y1 - 2012

N2 - This article analyses possible targets for the Italian debt-to-GDP ratio with a small macroeconomic model. The role of international macroeconomic variables such as the US GDP growth, prices of raw materials, EUR/USD exchange rate and European Central Bank (ECB) monetary policy stance and domestic policy instruments is analysed in the debt dynamics. We find that external conditions play a fundamental role for the Italian fiscal consolidation. To reach a target of 100% of debt-to-GDP ratio by 2020, a further growth-sustaining policy has to be implemented.

AB - This article analyses possible targets for the Italian debt-to-GDP ratio with a small macroeconomic model. The role of international macroeconomic variables such as the US GDP growth, prices of raw materials, EUR/USD exchange rate and European Central Bank (ECB) monetary policy stance and domestic policy instruments is analysed in the debt dynamics. We find that external conditions play a fundamental role for the Italian fiscal consolidation. To reach a target of 100% of debt-to-GDP ratio by 2020, a further growth-sustaining policy has to be implemented.

KW - Italy

KW - debts_public

KW - economic development

KW - fiscal consolidation

KW - fiscal policy

KW - foreign exchange rates

KW - gross domestic product

KW - macroeconomics

UR - http://handle.uws.edu.au:8081/1959.7/516791

U2 - 10.1080/13504851.2011.591726

DO - 10.1080/13504851.2011.591726

M3 - Article

SN - 1350-4851

VL - 19

SP - 635

EP - 639

JO - Applied Economics Letters

JF - Applied Economics Letters

IS - 7

ER -

The dynamics of Italian public debt : alternative paths for fiscal consolidation

Abstract

Keywords

UN SDGs

Access to Document

Other files and links

Fingerprint

Cite this