Italy: Selected Issues
Volume/Issue:
Volume 2003
Issue 352
Publication date: November 2003
ISBN: 9781451819816
$20.00
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Topics covered in this book
This title contains information about the following subjects.
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Inflation , Labor , Public Finance , Demography , ISCR , CR , inflation differential , pension , real GDP , pension expenditure , chapter II , pension system , labor market , PPP GDP , Pension spending , Pensions , Inflation , Retirement , Aging , Europe
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Summary
The Selected Issues paper is focused on policies to secure strong growth and safeguard fiscal sustainability. The paper analyzes the reasons behind Italy's persistent inflation differential vis-a-vis the euro area. It reviews Italy's large regional imbalances through a catch-up in income levels and estimates a growth model using panel data for Italian regions to determine the impact of a number of factors in addition to convergence forces. It also focuses on fiscal sustainability and reviews the case for additional pension reform steps in Italy.
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