Fiscal Devaluation Scenarios: A Quantitative Assessment for the Italian Economy
Barbara Annicchiarico (barbara.annicchiarico@uniroma3.it),
Fabio Di Dio (fabio.didio@uniroma1.it) and
Francesco Felici (francesco.felici@tesoro.it)
Additional contact information
Francesco Felici: Ministero dell’Economia e delle Finanze, Dipartimento del Tesoro
No 311, CEIS Research Paper from Tor Vergata University, CEIS
Abstract:
We study the potential impact of fiscal devaluation policies on the Italian economy using IGEM, a dynamic general equilibrium model for the Italian economy developed at the Department of Treasury of the Italian Ministry of the Economy and Finance. 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.
Keywords: Fiscal Devaluation; DGE; Structural Reforms; Italy (search for similar items in EconPapers)
JEL-codes: C50 E10 E60 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2014-04-09, Revised 2014-09-24
New Economics Papers: this item is included in nep-dge, nep-eec and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)
Downloads: (external link)
https://ceistorvergata.it/RePEc/rpaper/RP311.pdf Main text (application/pdf)
Related works:
Journal Article: Fiscal Devaluation Scenarios: A Quantitative Assessment for the Italian Economy (2015) 
Working Paper: Fiscal devaluation scenarios: a quantitative assessment for the Italian economy (2014) 
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:rtv:ceisrp:311
Ordering information: This working paper can be ordered from
CEIS - Centre for Economic and International Studies - Faculty of Economics - University of Rome "Tor Vergata" - Via Columbia, 2 00133 Roma
https://ceistorvergata.it
segr.ceis@economia.uniroma2.it
Access Statistics for this paper
More papers in CEIS Research Paper from Tor Vergata University, CEIS CEIS - Centre for Economic and International Studies - Faculty of Economics - University of Rome "Tor Vergata" - Via Columbia, 2 00133 Roma. Contact information at EDIRC.
Bibliographic data for series maintained by Barbara Piazzi (piazzi@ceis.uniroma2.it).