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Politiche di sostegno della domanda in presenza di elevato debito pubblico

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Author(s): PAOLO BOSI | CARLO D’ADDA

Journal: Moneta e Credito
ISSN 0026-9611

Volume: 64;
Issue: 253;
Start page: 45;
Date: 2011;
Original page

Keywords: stimulus package | Italian economy | fiscal incentives | Prometeia model

ABSTRACT
This article presents an economic policy proposal, aiming at stimulating the growth of the Italian economy over a period of unsatisfactory performance and limited possibility to expand the government expenditure due to the high level of public debt. The basic idea is a Keynesian one: using fiscal incentives to increase the consumption/income ratio of the private sector. In this way private action may become a substitute for (impossible) government action. A simulation of the envisaged incentive policy by means of an econometric model of the Italian economy (Prometeia model) helps estimate the likely effects of the proposal.
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