The impact of fiscal policy and inflation on national saving. A reply
The article serves as a response to Nicola Rossi’s critique of the authors’ previous work on fiscal policy and national savings in Italy. The authors reaffirm their previous finding that deficits have indeed reduced national savings and in particular make two points. First, contrary to his assertion...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Associazione Economia civile
2013-10-01
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| Series: | PSL Quarterly Review |
| Subjects: | |
| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10848 |
| _version_ | 1811172439601709056 |
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| author | F. MODIGLIANI T. JAPPELLI M. PAGANO |
| author_facet | F. MODIGLIANI T. JAPPELLI M. PAGANO |
| author_sort | F. MODIGLIANI |
| collection | DOAJ |
| description | The article serves as a response to Nicola Rossi’s critique of the authors’ previous work on fiscal policy and national savings in Italy. The authors reaffirm their previous finding that deficits have indeed reduced national savings and in particular make two points. First, contrary to his assertions, Rossi’s evidence is inconsistent with the Ricardian Equivalence Proposition. Second, this failure becomes even more apparent if one relies on the updated formulation and improved data underlying the more recent contribution of Modigliani and Jappelli (1987).
JEL: E31, E62
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| first_indexed | 2024-04-10T17:30:04Z |
| format | Article |
| id | doaj.art-37ca8cbb9af9406d8c671ee534399106 |
| institution | Directory Open Access Journal |
| issn | 2037-3635 2037-3643 |
| language | English |
| last_indexed | 2024-04-10T17:30:04Z |
| publishDate | 2013-10-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | PSL Quarterly Review |
| spelling | doaj.art-37ca8cbb9af9406d8c671ee5343991062023-02-03T16:47:04ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432013-10-014216910.13133/2037-3643/10848The impact of fiscal policy and inflation on national saving. A replyF. MODIGLIANIT. JAPPELLIM. PAGANOThe article serves as a response to Nicola Rossi’s critique of the authors’ previous work on fiscal policy and national savings in Italy. The authors reaffirm their previous finding that deficits have indeed reduced national savings and in particular make two points. First, contrary to his assertions, Rossi’s evidence is inconsistent with the Ricardian Equivalence Proposition. Second, this failure becomes even more apparent if one relies on the updated formulation and improved data underlying the more recent contribution of Modigliani and Jappelli (1987). JEL: E31, E62 https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10848Italyfiscal policyinflationsavingsRicardian Equivalence Proposition |
| spellingShingle | F. MODIGLIANI T. JAPPELLI M. PAGANO The impact of fiscal policy and inflation on national saving. A reply PSL Quarterly Review Italy fiscal policy inflation savings Ricardian Equivalence Proposition |
| title | The impact of fiscal policy and inflation on national saving. A reply |
| title_full | The impact of fiscal policy and inflation on national saving. A reply |
| title_fullStr | The impact of fiscal policy and inflation on national saving. A reply |
| title_full_unstemmed | The impact of fiscal policy and inflation on national saving. A reply |
| title_short | The impact of fiscal policy and inflation on national saving. A reply |
| title_sort | impact of fiscal policy and inflation on national saving a reply |
| topic | Italy fiscal policy inflation savings Ricardian Equivalence Proposition |
| url | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10848 |
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