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...

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...

The governments of advanced countries have faced the economic crisis by means of measures that considerably increase their budget deficits. Now they have to absorb these increases, but at the same time supporting recovery. To solve this problem, two different types of intervention have been...