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Article
Italian Municipalities and the Fiscal Crisis: Four Strategies for Muddling Through.
Financial Accountability & Management (2016)
  • Carmela Barbera, SDA Bocconi School of Management
  • Enrico Guarini
  • Ileana Steccolini, Bocconi University
Abstract
Through a multiple case study of eight Italian municipalities, our paper
identifies the main shocks perceived by the local management as a consequence of
the recent fiscal crisis and the related organizational responses. The analysis roots
current responses in longer-term municipal financial management and strategies.
Even in a context where the shocks are described and identified as being much the
same, there is not a single pattern of response, but (at least) four different ways of
reacting to shocks can be identified: reorientation, buffering, continuous adjustment,
avoiding problems and catching opportunities.
Keywords
  • financial management,
  • fiscal crisis,
  • austerity,
  • municipality,
  • financial strategy
Publication Date
2016
DOI
10.1111/faam.12088
Citation Information
Carmela Barbera, Enrico Guarini and Ileana Steccolini. "Italian Municipalities and the Fiscal Crisis: Four Strategies for Muddling Through." Financial Accountability & Management Vol. 32 Iss. 3 (2016) p. 335 - 361
Available at: http://works.bepress.com/enrico_guarini/43/