IMF Staff Country Reports

Italy: Selected Issues

Publication Date:

October 25, 2002

Electronic Access:

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Summary:

The Selected Issues paper provides an estimate of the output gap and potential output for Italy, and examines the sensitivity of the results to assumptions regarding employment and productivity growth. The paper focuses on the labor market more directly by examining the linkages between wage bargaining systems, regional wage differentiation, and regional unemployment disparities. It also provides an assessment of the government’s tax reform program, including its potential to increase incentives for employment and investment.

Series:

Country Report No. 2002/232

Subject:

Income Labor National accounts Output gap Potential output Production Total factor productivity Wage bargaining Wages