Since 1992 as a consequence of Maastricht treaty the main problem for the economies in the countries of European Union is to hold the public deficit over the national income ratio under the fixed level of 3%. According decisions of a few years ago a level of this ratio greater than 3% is allowed only if this situation is temporary and at the end of a fixed period the ratio comes back under 3%. We develop a model to maximize the probability that a country can come under the allowed ratio in the case it is temporary over this limit.
"Optimal Public Expenditure Policies for the Deficit/Output Ratio" / Patri', Stefano. - (2011). (Intervento presentato al convegno Applied Stochastic Models and Data Analysis (ASMDA 2011) tenutosi a Roma nel 07-10 giugno 2011).
"Optimal Public Expenditure Policies for the Deficit/Output Ratio"
PATRI', Stefano
2011
Abstract
Since 1992 as a consequence of Maastricht treaty the main problem for the economies in the countries of European Union is to hold the public deficit over the national income ratio under the fixed level of 3%. According decisions of a few years ago a level of this ratio greater than 3% is allowed only if this situation is temporary and at the end of a fixed period the ratio comes back under 3%. We develop a model to maximize the probability that a country can come under the allowed ratio in the case it is temporary over this limit.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
