The engineer economist -- The failure of postwar reconstruction -- Rueff and French economic strategy during the Depression -- The crisis of liberalism and the future of liberal capitalism in the 1930s -- L'ordre social and the war -- Reconstruction and inflation -- Keynes, the postwar "age of...

This paper briefly reviews the literature on fiscal multipliers and then presents results for the Italian economy obtained by simulating a dynamic general equilibrium model that allows for the possibility (a) that the zero lower bound may be binding and (b) that the initial public debt-to-GDP...