The Origins of the Sovereign Debt of Italy: a Common Pool Issue?
|Title||The Origins of the Sovereign Debt of Italy: a Common Pool Issue?|
|Publication Type||Working Paper|
|Year of Publication||2012|
|Authors||L. Mauro, C. Buiatti, G. Carmeci|
|Keywords||common pool, italian public debt, italian public deficit|
Italy has the third largest public debt of the World in absolute terms and the eighth when it is GDP weighted. In addition, Italy presents the largest and most persistent development gap among its regional economies in the group of the advanced countries.