Mid-long term projections of the Stability Programs (SP) are elaborated to simulate the burden each active citizen or each worker will have to bear for financing, via pay-as-you-go, public health care provisions and public pensions. It is worth mentioning that projections in the (SP) are those...

Data from Stability Programs (European Countries) and from Us Congress Budget Office and Us Bureau of Census are collected to investigate the burden each worker will have to bear in the future in order to finance pension and health care provisions. If the private side of the system is based,...

We use the same methodology, that Ecofin-Oecd apply for projecting expenditure in the medium-long term, to reconstruct expenditure in the medium-long past. It is possible to compare the effective expenditure with the reconstructed one. The effective expenditure is of course influenced by policy...

This paper describes the reasons at the basis of the insufficiency of pay-as-you-go systems to provide resources for financing health care in an ageing society with the low rates of growth that will characterise western industrialised economies during next decades. Intuitive arguments are...

La crisi economica globale che si è manifestata nel 2008 ha avuto un effetto negativo molto pesante per l’Europa e l’Italia in particolare. Essa si è rivelata la più profonda della storia economica recente. Il PIL nell’Unione Europea ha subito una contrazione di oltre il 5 per cento...

The paper outlines the main current issues concerning Public Finance in Italy. It is divided in three parts. The first part discusses the overall budget policy. Italy is in need to support the recovery from economic crisis, however budget action is limited by European constraints. Different way...

The demographic database of Eurostat and of Us Census of Bureau are explored and the main facts are extracted and described. This paper is completely self-standing but is also part of a more general analysis dedicated to the functioning and sustainability of pay-as-you-go to finance the welfare...

La relazione presenta nella Parte I un quadro della struttura, sviluppo e crescita della spesa pubblica in Italia a partire dal 1951 nelle sue principali componenti funzionali e per livello di governo; ne analizza la dinamica in relazione alla crescita del PIL e al ciclo economico. Nella Parte...

English Abstract: The report analyses the dynamics of financial markets in the first half of 2021, highlighting the main vulnerabilities in the context of the crisis triggered by the pandemic in Europe and the development of sustainable finance and crypto assets at a global level. The Report...

Italian Abstract: La “Legge di Wagner” è il primo modello di determinazione della spesa pubblica presentato in letteratura. Scopo di questo saggio è analizzarne l'evidenza empirica in Italia, in riferimento al periodo 1960-2008, a livello disaggregato e per mezzo dell'approccio VAR. Dopo...