Monacelli, Daniela; Pazienza, Maria Grazia; Rapallini, … - Dipartimento di Scienze per l'Economia e l'Impresa, … - 2014
In this paper we investigate the Italian regulation on local government budget related to the European fiscal rules (the so-called Domestic Stability Pact), the Constitutional golden rule, and the pre-existing ceilings on new borrowing, with the intent to study the overall effect on local debt...