Autori
Annicchiarico, Barbara
Di Dio, Fabio
Felici, Francesco

Titolo
Fiscal devaluation scenarios: a quantitative assessment for the Italian economy
Periodico
Ministero dell'Economia e delle Finanze. Dipartimento del Tesoro. Working paper
Anno: 2014 - Volume: 02 - Fascicolo: 1 - Pagina iniziale: 1 - Pagina finale: 21

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 slight improvements on the external position of the economy only in the short run, 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.



SICI: 1972-411X(2014)02:1<1:FDSAQA>2.0.ZU;2-A
Testo completo: http://www.dt.tesoro.it/export/sites/sitodt/modules/documenti_it/analisi_progammazione/working_papers/WP_N._1_-_2014.pdf

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