ECONOMICS AND PUBLIC FINANCE
Academic year and teacher
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- Versione italiana
- Academic year
- 2018/2019
- Teacher
- LEONZIO GIUSEPPE RIZZO
- Credits
- 9
- Curriculum
- Management e politiche pubbliche
- Didactic period
- Secondo Semestre
- SSD
- SECS-P/03
Training objectives
- The aim of the course is the study of the of the public budget formation and its link with public budgets of the other government layers, with a particular focus on issues related to the implementation of the budget balance in Italy and on the implementation of an appropriate intergovernmental transfer scheme.
At the end of the course the student is able to analyze and read the budgets of state and local authorities and to take out financial items necessary to the estimate of the standard expenditure for lower government levels, which then will be used to implement transfers coming from the central government. The student will learn the tools needed to make the estimate of the standard expenditure and to use it for the purpose of an intergovernmental allotment through the STATA and EXCEL software. Prerequisites
- Advanced economics, Quantiative Methods for Economics
Course programme
- 1. Federalism
Lecture notes available on the teacher’s website
2. Intergovernmental transfers design
Galmarini U. e L. Rizzo. Spesa Standard e Perequazione della Capacità Fiscale dei Comuni, in La Finanza Pubblica Italiana, Rapporto 2008, Maria Cecilia Guerra & Alberto Zanardi (a cura di), Il Mulino, Bologna, pp. 249-275, 2008.
Rizzo L. e A. Zanardi. Filling Fiscal Gaps in Italy: a Challenging Task for the Federal Reform,in IEB’s World Report on Fiscal Federalism, N. Bosch & A. Solé (Editors), IEB, 2011.
Lecture notes available on the teacher’s website
3. Exercises on a federal reform – World Bank
Shah, A. (1994) A Fiscal Need Approach to Equalization Transfers in a Decentralized
Federation, World Bank Policy Research Working Paper 1289, Washington, DC.
Lecture notes and exercises available on the teacher’s website
4. Exercises on the law 42/2009: the implementation of the fiscal reform
Rizzo L. e Bertin L. Simulazione finanziaria della legge delega 42/2009: una proposta di riparto e prime valutazioni, Economia Pubblica, 1-6, 105-125, 2010.
Exercises available on the teacher’s website
5. Estimating expenditure and cost functions for Italian municipalities Exercises with STATA and Excel
- Estimates of standard expenditure and standard cost
- Methodology for the allocation of public resources among municipalities of one region
Ferraresi M. e L. Rizzo. Fabbisogni e costi nella stima della spesa standard: una simulazione per i comuni Pugliesi,e
Politica Economica, XXVIII (3), 343-369, 2012.
6. Local public accounts:
• accounts harmonization;
• budget programming;
• il Fondo Pluriennale Vincolato, fondo crediti di dubbia esigibilità and fiscal year result;
• balance structure;
• economic accounts and consolidated budget.
Bosi P. - Corso di Scienza delle Finanze
Lecture notes available on the teacher’s websit
7. Regional and national agreements on budget flows.
Bosi P. - Corso di Scienza delle Finanze
Lecture notes available on the teacher’s website
8. Formation and sustainability of the public debt: relationship between growth rate, interest rate and deficit. Theory and exercises.
Lecture notes and exercises available on the teacher’s website
9 .Fiscal compact and structural balance
Bosi P. - Corso di Scienza delle Finanze
Lecture notes available on the teacher’s websit
10. Budget balance, deficit and public debt
Bosi P. - Corso di Scienza delle Finanze
Lecture notes available on the teacher’s websit
Lunch seminars
Lunch Seminars organized by the Departmentof Economics and Management are mandatory in this course. Didactic methods
- Frontal lectures and exercises
Learning assessment procedures
- Written examination
The course exam is devoted to test the level of achievement of the previously indicated training objectives. The exam consists of two open-ended questions and one exercise in the lab on the estimate of standard expenditure and the allotment of financial resources.
The two open-ended questions and the exercise have the purpose to verify the knowledge of the topics explained in the course.
The final grade is the sum of the scores of the two open-ended questions and the exercise. To pass the exam the student must obtain a minimum score of 18 out of 31. Reference texts
- Bosi P. - Corso di Scienza delle Finanze
Leonzio Rizzo e Alberto Zanardi. Federalismo Fiscale sotto stress finanziario, in La Finanza Pubblica Italiana, Rapporto 2012, Alberto Zanardi (a cura di), Il Mulino, Bologna, pp. 199-233, 2012.
Leonzio Rizzo. Dal patto di stabilità all’attuazione del pareggio di bilancio per i governi locali: criticità e possibili soluzioni, Centro studi sul federalismo, Torino, 2016.
Galmarini U. e L. Rizzo. Spesa Standard e Perequazione della Capacità Fiscale dei Comuni, in La Finanza Pubblica Italiana, Rapporto 2008, Maria Cecilia Guerra & Alberto Zanardi (a cura di), Il Mulino, Bologna, pp. 249-275, 2008.
Rizzo L. e A. Zanardi. Filling Fiscal Gaps in Italy: a Challenging Task for the Federal Reform,in IEB’s World Report on Fiscal Federalism, N. Bosch & A. Solé (Editors), IEB, 2011.
Rizzo L. e Bertin L. Simulazione finanziaria della legge delega 42/2009: una proposta di riparto e prime valutazioni, Economia Pubblica, 1-6, 105-125, 2010.
Shah, A. (1994) A Fiscal Need Approach to Equalization Transfers in a Decentralized
Federation, World Bank Policy Research Working Paper 1289, Washington, DC.
Ferraresi M. e L. Rizzo. Fabbisogni e costi nella stima della spesa standard: una simulazione per i comuni Pugliesi, Politica Economica, XXVIII (3), 343-369, 2012.
Further material is available at the course Web site: http://www.unife.it/economia/lm.economia/insegnamenti/economia-e-politiche-pubbliche/materiale-didattico-2015-2016.
