A simple reminder for home-grown Keynesians (and, more generally, for advocates of European “flexibility”) on what public debt has (not) been used for in Italy since 1945.
I am a Professor of Macroeconomics and International Economic Policy at the University of Bologna. I am a regular contributor to economic websites such as voxeu.org, roubini.com, linkiesta.it and lavoce.info where I write on current Italian and European issues.