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

12 Citations (Scopus)

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)

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10.1080/13504851.2011.591726

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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

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SP - 635

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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

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