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- W1994498970 abstract "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." @default.
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- W1994498970 date "1993-01-01" @default.
- W1994498970 modified "2023-10-14" @default.
- W1994498970 title "Le coût de l'assainissement des finances publiques en Italie" @default.
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- W1994498970 doi "https://doi.org/10.3406/ecop.1993.5624" @default.
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