Series: IMF Policy Discussion Papers
Author(s): Stefania Fabrizio
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 2008
Keywords: Fiscal policy, Fiscal adjustment, Asset liquidation, Italy, Public debt reduction, public net worth, sustainability of public finances, strategy for managing public assets, debt, public debt
This paper assesses the proposal, publicly debated in recent years in Italy, to reduce public debt by selling public assets, especially nonfinancial tangible assets. The main findings indicate that, although sellin...