Italian Budgeting Policy

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Italian Budgeting Policy

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Author : Alice Cavalieri
language : en
Publisher: Springer Nature
Release Date : 2023-03-14

Italian Budgeting Policy written by Alice Cavalieri and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-03-14 with Political Science categories.

This book assesses Italian budgetary policy over the last thirty years. Covering more than three decades of political change and national transformation, it considers the institutional and external factors that have shaped long-term budgetary changes. The book analyses the levels of expenditure allocation across varying budget categories, and compares the budget bill and budget law in order to shed new light on the specific dynamics that have influenced budgetary decision-making processes. Overall, the book provides important conclusions on the role of the budget as a governmental policy instrument, the consequences of multilevel governance over national budgetary policy, and the impact of national and international crises on budgetary changes. With Italy being one of the most important parliamentary democracies in Europe and a key actor within the European Union, these conclusions have important repercussions for other European parliamentary democracies. The book will appeal to scholars and students of European public policy, public administration and economic governance.

Fiscal Rules To Tame The Political Budget Cycle

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Author : Lorenzo Forni
language : en
Publisher: International Monetary Fund
Release Date : 2017-01-20

Fiscal Rules To Tame The Political Budget Cycle written by Lorenzo Forni and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-01-20 with Business & Economics categories.

The paper provides evidence that fiscal rules can limit the political budget cycle. It focuses on the application of the Italian fiscal rule at the sub-national level over the period 2004-2006 and shows that: 1) municipalities are subject to political budget cycles in capital spending; 2) the Italian subnational fiscal rule introduced in 1999 has been enforced by the central government; 3) municipalities subject to the fiscal rule show more limited political budget cycles than municipalities not subject to the rule. In order to identify the effect, we rely on the fact that the domestic fiscal rule does not apply to municipalities below 5,000 inhabitants. We find that the political budget cycle increases real capital spending by about 35 percent on average in the years prior to municipal elections and that the sub-national fiscal rule reduces these figures by about two thirds.

Italian Budget Policy

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Author : Elena Giarda
language : en
Publisher:
Release Date : 2015

Italian Budget Policy written by Elena Giarda and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.

The aim of this work is to present an overview on Italian Public Administration accounts from the 1960s to the present days. We will look at how public expenditure and receipts have evolved over the years, responding to favourable or unfavourable economic circumstances and to policy makers decisions. Analysis will start in detail from the beginning of the 1980s (Section 3), with an eye to previous decades, in order to understand what determined the present economic scenario (Section 2). Section 4 will look at the 1990s and the beginning of the new century, splitting them into four sub-periods. Section 5 will conclude.

Monetary Policy And The Budget In Italy

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Author : Antonio Fazio
language : en
Publisher:
Release Date : 1995

Monetary Policy And The Budget In Italy written by Antonio Fazio and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with categories.

Italian Government Finances

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Author : Henry Coit MacLean
language : en
Publisher:
Release Date : 1923

Italian Government Finances written by Henry Coit MacLean and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1923 with Budget categories.

Fiscal Rules And Public Spending

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Author : Wildmer Daniel Gregori
language : en
Publisher:
Release Date : 2014

Fiscal Rules And Public Spending written by Wildmer Daniel Gregori and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.

The aim of this paper is to investigate the extent to which local budget spending composition reacts to fiscal rules variations. I consider the budget of Italian municipalities and exploit specific changes in the Domestic Stability Pact's rules, to perform a difference-in-discontinuities analysis. The results show that not all rules are equally effective: imposing a cap on the total amount of consumption and investment is not as binding as two caps, one specific for consumption and a different one for investment spending. More specifically, the consumption variation is triggered by changes in the level of wages and services spending, while investment relies on infrastructure movements. In addition, there is evidence that when an increase in investment is achieved, there is also a higher budget deficit level.

Italy S Monetary Policy

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Author : Henry Coit MacLean
language : en
Publisher:
Release Date : 1927

Italy S Monetary Policy written by Henry Coit MacLean and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1927 with Foreign exchange categories.

Does The Parliament Make A Difference The Role Of The Italian Parliament In Financial Policy

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Author : Carolyn Forestiere
language : en
Publisher:
Release Date : 2004

Does The Parliament Make A Difference The Role Of The Italian Parliament In Financial Policy written by Carolyn Forestiere and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Budget categories.

Outlines the institutional and party system theories that expalin Parliaments' ability to shape budget and test these theories on changes to the national budget in the Italian Parliament.

Fiscal Rules And The Budget Process

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Author : Mr.Gian Milesi-Ferretti
language : en
Publisher: International Monetary Fund
Release Date : 1996-06-01

Fiscal Rules And The Budget Process written by Mr.Gian Milesi-Ferretti and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996-06-01 with Business & Economics categories.

This paper examines the rationale for the imposition of fiscal rules as a way to reduce budgetary imbalances. It presents theoretical arguments for the existence of a “fiscal deficit bias” and the empirical evidence on the economic, political and institutional factors leading to this bias. In the context of these findings, it discusses the potential role of legal constraints on the level of key fiscal variables, and of reforms in budgetary procedures in enhancing fiscal discipline. It also evaluates proposals for budgetary reform in Italy.

Rules Based Fiscal Policy In France Germany Italy And Spain

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Author : Mr.Gabriel Di Bella
language : en
Publisher: International Monetary Fund
Release Date : 2003-11-14

Rules Based Fiscal Policy In France Germany Italy And Spain written by Mr.Gabriel Di Bella and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-11-14 with Business & Economics categories.

Fiscal rules can help to counteract the deficits and spending biases that too often originate in the political process. Rules that constrain spending--rather than the balance--allow fiscal policy to be countercyclical. Yet the design of effective spending rules is by no means straightforward. Should a rule be real or nominal? How comprehensive should the definition of spending be? What safeguards ensure the credibility of a rule? How do rules work in decentralized systems where regions and states are partially autonomous? France, Germany, Italy, and Spain--countries that could benefit from more emphasis on fiscal rules to constrain spending--are explored here as case studies.