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- W1489483604 abstract "Abstract This chapter shows that the determinants of Italian public deficits have remained by and large the same as before the Maastricht Treaty, but that the way in which fiscal policy reacts to each of these determinants has changed considerably since the treaty was signed. Institutional constraints, be they internal, such as the budget approbation rules, or external, like the Maastricht Treaty, have always been the main condition for Italian public finances to be in equilibrium. The analysis also suggests that the sensitivity of Italian budget deficits to these institutional constraints has increased since 1991. The recent weakening of the Stability and Growth Pact is therefore not good news for the sustainability of Italian public finances." @default.
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- W1489483604 date "2008-05-16" @default.
- W1489483604 modified "2023-09-25" @default.
- W1489483604 title "Sustainability and Determinants of Italian Public Deficits before and after Maastricht" @default.
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- W1489483604 doi "https://doi.org/10.7551/mitpress/9780262140980.003.0003" @default.
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