Dix ans de politique budgétaire au service de l'euro: l'exemple italien

Paola Veroni

Revue de l'OFCE, 2001, vol. 76, issue 1, 139-178

Abstract: The closing decade for Italy has been marked by the most important fiscal consolidation effort among the euro zone countries. The discretionary dimension of consolidation, although pursued in an unstable political environment, has been significant and the effort entirely structural. Italy has not completely allowed fiscal stabilisers to work and stabilisation has been based on pro-cyclical tax growth. The restrictive fiscal stance, coupled with tight monetary conditions has penalised growth, amplified the gap with the European Union and caused a fall in households disposable income. The increase in tax revenues, as a result of a comprehensive reform of taxation and of the tax declaration procedure, has allowed to lower personal income tax. At the eve of the new decade Italy can slow the consolidation process and orient fiscal policy to support recently accelerating economic growth.

Date: 2001
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=REOF_076_0139 (application/pdf)
http://www.cairn.info/revue-de-l-ofce-2001-1-page-139.htm (text/html)
free

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cai:reofsp:reof_076_0139

Access Statistics for this article

More articles in Revue de l'OFCE from Presses de Sciences-Po
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().