Un modello finanziario di breve periodo per il settore statale italiano: l’analisi relativa al contesto pre−unione monetaria

Maggi, Bernardo and Espa, Giuseppe (2005) Un modello finanziario di breve periodo per il settore statale italiano: l’analisi relativa al contesto pre−unione monetaria. UNSPECIFIED. (Unpublished)

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    Abstract

    In this paper we study a structural model for the Italian public finance dealing with financial aspects while the real component of the public budget is considered exogenous on the path coherent with the actual dynamics and institutional constraints, on which we are also concerned. In this context we perform regressions and simulations to evaluate the impact and reactions of the Italian convergence process to EMU and to verify the condition of the Italian public finance in that period. In particular we consider some experiments on the average maturity of the public debt and the long−term benchmark interest−rate referred to the pre−union period.

    Item Type: Departmental Technical Report
    Department or Research center: Economics
    Subjects: UNSPECIFIED
    Additional Information: J.E.L.: H60, H62, H63, F36, C51, C53 Il presente lavoro è stato inizialmente elaborato e presentato presso la Commissione Tecnica per la Spesa Pubblica, M.E.F., come ricerca dal titolo Un modello strutturale di breve periodo per i titoli di Stato e la spesa per interessi (Ricerca n. 12).
    Report Number: 10
    Repository staff approval on: 28 Jul 2005

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