000			02039nab a2200349 c 4500
999			_c142987 _d142987
003			ES-MaIEF
005			20201014140333.0
007			ta
008			201014t2020 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
041			_aeng
100	1		_968459 _aDi Pietro, Marco
245			_aFiscal policies amid a pandemic _bthe response of Italy to the COVID-19 crisis _c Marco Di Pietro, Luigi Marattin, and Raoul Minetti
260			_c2020
500			_aResumen.
504			_aBibliografía.
520			_aThis paper investigates qualitatively and quantitatively the fiscal policies adopted in Italy in response to the COVID-19 crisis. We assess the rationale of the policies in light of the characterizing features of the business and household sectors and of the state of public budgets. We then evaluate the impact of the policies through a calibrated model of the Italian economy featuring a comprehensive specification of taxes, transfers, and subsidies. The quantitative analysis suggests that the policies reduced the gross domestic product (GDP) impact of the COVID-19 shock by 25 percent at the peak of the crisis. Alternative fiscal stimulus plans tilted toward a larger reduction of corporate taxes, and stronger increases in public expenditures could have achieved a sharper attenuation of the GDP drop but would have been less desirable from a distributive perspective or for the dynamics of public finances.
650			_aPANDEMIAS _967998
650			_aCORONAVIRUS _967999
650		4	_aPOLITICA ECONOMICA _948066
650		4	_aPRESUPUESTOS _948131
650		4	_aCRISIS ECONOMICAS _941525
650		4	_aAYUDA ESTATAL _932236
650		4	_aPRESTACIONES SOCIALES _948107
650		4	_aPOLITICA FISCAL _948067
650		4	_aMODELOS ECONOMETRICOS _947776
650		4	_aITALIA _947518
700	1		_968460 _aMarattin, Luigi
700	1		_968461 _aMinetti, Raoul
773	0		_9163516 _oOP 233/2020/3 _tNational Tax Journal _w(IEF)86491 _x 0028-0283 _gv. 73, n. 3, September 2020, p. 927-950
942			_cART