Fehr, Hans; Ruocco, Anna; Wiegard, Wolfgang - 1997
In this paper we ask who bears the burden of recent deficit reduction schemes in Italy. We implemented a reduction of … the public deficit to 3 per cent of the GDP, the value that would allow Italy to meet the Maastricht Treaty criteria. The …. Our simulations suggest that the debt reduction in Italy will increase the welfare of the future generations betwpen 1 and …