Paolo, Biraschi; Cacciotti, Marco; Iacovoni, Davide; … - Dipartimento del Tesoro, Ministero dell'Economia e …
The paper analyses the medium-term objectives (MTOs) recently adopted by the EU Member States as a reference for the multilateral budgetary surveillance, assessing the ability of the new MTOs to promote long-term fiscal sustainability. The paper calibrates the (yet undisclosed) algorithm for...