| Titre | Le coût de l'assainissement des finances publiques en Italie | |
|---|---|---|
| Auteur | Philippe Gudin de Vallerin | |
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Revue | Economie et prévision |
| Numéro | no 109, 1993/3 | |
| Rubrique / Thématique | Essais sur l'Union Économique et Monétaire |
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| Page | 91-100 | |
| Résumé anglais |
The Cost of Stabilizing Public Finances in Italy,
by Philippe Gudin de Vallerin.
This article presents a number of simulations made using the Multimod model to study the impact on the real economy of stabilizing Italian public finances. The short-term depressive effects are considerably mitigated by the credibility gains resulting from the reduced public debt and by the Ricardian effects generated by the anticipated drop in long-term tax and social security contributions. In all cases, the stabilization of public finances alone cannot completely resolve the problems of nominal alignment, especially in the context of a sharp devaluation of the lira. This observation confirms the idea that the wage agreement needs to be strictly adhered to if inflation is to be significantly reduced. Source : Éditeur (via Persée) |
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| Article en ligne | http://www.persee.fr/web/revues/home/prescript/article/ecop_0249-4744_1993_num_109_3_5624 |
