Fiscal Devaluation Scenarios: A Quantitative Assessment for the Italian Economy

Barbara Annicchiarico (), Fabio Di Dio () and Francesco Felici ()

Open Economies Review, 2015, vol. 26, issue 4, 785 pages

Abstract: We study the potential impact of fiscal devaluation poon the Italian economy using IGEM, a dynamic general equilibrium model for the Italian economy developed at the Italian Department of the Treasury. The simulations show that fiscal devaluation policies are likely to produce short-run slight improvements on the external position of the economy, while the output gains seem to persist in the long run. Non-negligible distributional effects across households are also observed, since taxation on consumption tends to be regressive. Copyright Springer Science+Business Media New York 2015

Keywords: Fiscal Devaluation; DGE; Fiscal Reforms; Italy; E10; C50; E60 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (15)

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Working Paper: Fiscal devaluation scenarios: a quantitative assessment for the Italian economy (2014)
Working Paper: Fiscal Devaluation Scenarios: A Quantitative Assessment for the Italian Economy (2014)
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DOI: 10.1007/s11079-014-9335-7

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