Using an aggregate econometric model for the EU we investigate by simulation methods some dynamic paths of the European economy in the next five years under alternative hypotheses concerning the growth of world demand, the European currency/USD exchange rate, and the monetary policy.

A theoretical model is developed for the ratio primary-surplus/GDP that a Country has to attain over a given number of years, to lower its public debt from the present value to one a-priori fixed. Such a ratio depends on the average interest rate paid on the outstanding stock of debt as well as...

In the last decades the economy in Italy has been growing less and less, with a clear evidence of decline. Such a situation is mostly due to the weakness of its socio-economic system, but two questions rise naturally: 1) Has its monetary policy been contributing to the decline, by alternating...