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Fiscal Policy and Public Debt Dynamics in Italy

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Figure

Figure 1: The Italy’s government debt-GDP ratio, 1861-2009.
Figure 2: The Italy’s temporary government spending ˜gt, 1862-2009.
Figure 3: The Italy’s temporary output ˜yt, 1861-2009.
Figure 4: The Italy’s temporary government spending GV ARt, 1862-2009.
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