January 19, 2018 - Il Sole 24 Ore published an editorial by SEP senior fellow Lorenzo Codogno and his colleague Giampaolo Galli. In this article, they attempt to answer whether, as some have argued, fiscal discipline can really be counterproductive, and if expansionary policies with tax reductions or massive investment programs, can be self-financed? As they state in the article, the economic and financial crisis has undermined the credibility of the so-called economic 'experts', including on budget policies. Given this, they believe that there is a lot to learn, not only on economic theory but also from empirical analysis and accumulated experience over the years.
Click HERE to view the article (in Italian).