The 2008-09 crisi represented the worst recession and financial crisis that Italy had experienced since the end of second World War. The most effective way to describe the situation of regional and local public finances since then is best expressed as a "war economy".
Bordignon, M., Ambrosanio, M., Balduzzi, P., Economic crisis and fiscal federalism in Italy, in Ahmad, E., Bordignon, M., Brosio, G. (ed.), Multi-level Finance and the Euro Crisis, Edward Elgar, Cheltenham 2016: 212- 246 [http://hdl.handle.net/10807/72810]
Economic crisis and fiscal federalism in Italy
Bordignon, Massimo;Ambrosanio, Maria;Balduzzi, Paolo
2016
Abstract
The 2008-09 crisi represented the worst recession and financial crisis that Italy had experienced since the end of second World War. The most effective way to describe the situation of regional and local public finances since then is best expressed as a "war economy".
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