Francesca Tartamella

It is well known how high and persistent is the Italian public debt and its cost borne by citizens. Less known is the territorial dimension of the redistributive effects of this burden. In this article we try to shine a light on the regional financial redistribution of government securities in Italy over a long period of time. According to our findings, the financing burden, estimated using alternative criteria, is borne by all regions and, for most regions, the enjoyed benefits, as securities holders, are not sufficient to offset the amount paid through taxes...