Austerità in Italia: i sacrifici alimentano il debito

Evidence indicates that the tightening of restrictive policies experienced in Italy after 2010/11 did not lead to fiscal consolidation, while they contributed to increase debt-to-GDP ratio by curbing aggregate demand. Particularly, budget cuts occurred in health and education. On the contrary, we argue that expansionary measures may lower the debt ratio by increasing real output.

Reddito minimo e output gap: trucchetto contabile o questione politica?

In line with our previous work, we simulate the effects of a policy measure designed to achieve a higher output gap. By increasing Italy’s participation rate we aim at finding a greater stance for fiscal policy that would allow for the deficit-financing of a minimum income conditional to active job-seeking. We also consider feasible effects on real output.

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