A Modest Proposal For Augmenting The Gross Domestic Product Of Italy, Allowing Greater Public Spending, Employment, And Graft

Stefano Fenoaltea ()

MPRA Paper from University Library of Munich, Germany

Abstract: Italy’s economy is stagnating, but a fiscal stimulus is ruled out by the Maastricht-limited deficit/GDP ratio. This paper presents a modest proposal for loosening the constraint on public spending by augmenting Italy’s female labor-force participation rate and therewith Italy’s GDP. Additional public spending would be popular, as it would increase employment; it would also be politically viable, as Italy’s elected and appointed officials would welcome the opportunity for increased graft.

Keywords: Italy; GDP; Deficit; Growth (search for similar items in EconPapers)
JEL-codes: A11 B23 B41 E62 H62 (search for similar items in EconPapers)
Date: 2018-10-28
New Economics Papers: this item is included in nep-mac
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:89746

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