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 | |
| Publication status | Published - 2012 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
-
SDG 17 Partnerships for the Goals
Keywords
- Italy
- debts_public
- economic development
- fiscal consolidation
- fiscal policy
- foreign exchange rates
- gross domestic product
- macroeconomics
Fingerprint
Dive into the research topics of 'The dynamics of Italian public debt : alternative paths for fiscal consolidation'. Together they form a unique fingerprint.Cite this
- APA
- Author
- BIBTEX
- Harvard
- Standard
- RIS
- Vancouver