Italy: Quantifying the Benefits of a Comprehensive Reform Package

This paper seeks to quantify the net benefits of a comprehensive reform package aimed at addressing Italy’s inter-related challenges. Specifically, it simulates the growth and competitiveness effects of a package of fiscal, financial, wage bargaining, and other structural reforms. Credible implement...

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Bibliographic Details
Main Author: Andrle, Michal
Other Authors: Kangur, Alvar, Raissi, Mehdi
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2018
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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100 1 |a Andrle, Michal 
245 0 0 |a Italy: Quantifying the Benefits of a Comprehensive Reform Package  |c Michal Andrle, Alvar Kangur, Mehdi Raissi 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2018 
300 |a 17 pages 
651 4 |a Italy 
653 |a Banks 
653 |a Finance 
653 |a Collective Bargaining 
653 |a Industries: Financial Services 
653 |a Fiscal Policy 
653 |a Cost 
653 |a Capital and Total Factor Productivity 
653 |a Production 
653 |a Industrial productivity 
653 |a Mortgages 
653 |a Quantitative Policy Modeling 
653 |a Labor 
653 |a Policy Objectives 
653 |a Policy Coordination 
653 |a Forecasting and Other Model Applications 
653 |a Macroeconomics 
653 |a Capacity 
653 |a Dispute Resolution: Strikes, Arbitration, and Mediation 
653 |a Institutions and Growth 
653 |a Income economics 
653 |a Structural reforms 
653 |a Forecasting and Simulation: Models and Applications 
653 |a Depository Institutions 
653 |a Labour 
653 |a Financial institutions 
653 |a Policy Designs and Consistency 
653 |a Wages, Compensation, and Labor Costs: General 
653 |a Micro Finance Institutions 
653 |a Macrostructural analysis 
653 |a Nonperforming loans 
653 |a Total factor productivity 
653 |a Size Distribution of Firms 
653 |a Loans 
653 |a Wages, Compensation, and Labor Costs: Public Policy 
653 |a Labor Economics: General 
653 |a Institutions and the Macroeconomy 
653 |a Wages 
653 |a Production, Pricing, and Market Structure 
653 |a Production and Operations Management 
653 |a Wage bargaining 
653 |a Labor economics 
700 1 |a Kangur, Alvar 
700 1 |a Raissi, Mehdi 
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082 0 |a 330 
520 |a This paper seeks to quantify the net benefits of a comprehensive reform package aimed at addressing Italy’s inter-related challenges. Specifically, it simulates the growth and competitiveness effects of a package of fiscal, financial, wage bargaining, and other structural reforms. Credible implementation of such a package yields substantial mediumterm dividends at negligible near-term growth costs. Real GDP growth is estimated to be substantially higher over the medium term, while the real effective exchange rate depreciates notably