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.

Annicchiarico, B., Di Dio, F., Felici, F. (2015). Fiscal Devaluation Scenarios: A Quantitative Assessment for the Italian Economy. OPEN ECONOMIES REVIEW, 26, 731-785.

Fiscal Devaluation Scenarios: A Quantitative Assessment for the Italian Economy

Annicchiarico Barbara
Writing – Original Draft Preparation
;
2015-01-01

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.
2015
Pubblicato
Rilevanza internazionale
Articolo
Esperti anonimi
Settore SECS-P/01 - ECONOMIA POLITICA
Settore SECS-P/02 - POLITICA ECONOMICA
English
Con Impact Factor ISI
Fiscal Devaluation; DGE; Fiscal Reforms; Italy
https://link.springer.com/article/10.1007/s11079-014-9335-7
10.1007/s11079-014-9335-7
Annicchiarico, B., Di Dio, F., Felici, F. (2015). Fiscal Devaluation Scenarios: A Quantitative Assessment for the Italian Economy. OPEN ECONOMIES REVIEW, 26, 731-785.
Annicchiarico, B; Di Dio, F; Felici, F
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2108/232326
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