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The Sustainability of Fiscal Policy in Italy: A Long-Term Perspective
Bartoletto, Silvana; Chiarini, Bruno; Marzano, Elisabetta - CESifo - 2012
The recent fears of a sovereign debt crisis have spurred interest in the sustainability of public debt. There are two different approaches to the assessment of sustainability: the use of sustainability gap indicators (Blanchard et al., 1990) and the time series approach (Trehan and Walsh, 1988)....
Persistent link: https://www.econbiz.de/10010548150
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Is the Italian Public Debt Really Unsustainable? An Historical Comparison (1861-2010)
Bartoletto, Silvana; Chiarini, Bruno; Marzano, Elisabetta - CESifo - 2013
analyzed include public debt, primary and total deficits, nominal and real GDP rates of growth. Long-term analysis of new …
Persistent link: https://www.econbiz.de/10010636598
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Alternative Social Security Systems andGrowth
Kaganovich, Michael; Zilcha, Itzhak - CESifo - 2008
include an additional dimension of public policy, namely education funding. Indeed, the productivity growth of future workers …
Persistent link: https://www.econbiz.de/10005181262
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Social Security Systems, Human Capital, and Growth in a Small Open Economy
Kaganovich, Michael; Meier, Volker - CESifo - 2008
that growth can be enhanced by the introduction of pay-as-you-go pensions even if the growth rate of aggregate wages falls … redistributive. This means that if a flat benefit PAYG pension system is in place then the economy will achieve the highest growth …
Persistent link: https://www.econbiz.de/10005181440