(2) Absolute changes compared with the baseline scenario (percentage points of GDP). (*) Permanent increase of 10 basis points in the yields on short-term government securities and of 50 basis points in the yields on medium-term government securities.
Source: F. Busetti, C. Giorgiantonio, G. Ivaldi, S. Mocetti, A. Notarpietro and P. Tommasino, ‘Capitale e investimenti pubblici in Italia: misurazione, effetti macroeconomici, criticità procedurali’, Banca d’Italia, Questioni di Economia e Finanza (Occasional Papers), 2018 (forthcoming).