Footnote:
In: Moneta e Credito, Vol. 64, No. 253, pp. 45-52, May 2011
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 10, 2011 erstellt
Description:
This article presents an economic policy proposal, aiming at stimulating the growth of the Italian economy over a period of unsatisfactory performance and limited possibility to expand the government expenditure due to the high level of public debt. The basic idea is a Keynesian one: using fiscal incentives to increase the consumption/income ratio of the private sector. In this way private action may become a substitute for (impossible) government action. A simulation of the envisaged incentive policy by means of an econometric model of the Italian economy (Prometeia model) helps estimate the likely effects of the proposal