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Assessing the Macroeconomic Impact of Structural Reforms The Case of Italy, Lusine Lusinyan, Dirk Muir

Abstract
Wide-ranging structural reforms are underway in Italy, aimed at addressing key bottlenecks in the product and labor markets. Our analysis, based on the IMF‘s Global Integrated Monetary and Fiscal model (GIMF), attempts to quantify the potential gains to the economy from a comprehensive package of structural reforms. We find that these gains can be sizeable. While in most cases, the reforms go in the right direction, their impact would depend on effective and timely implementation. In some areas, especially in the labor market, reforms would benefit from further strengthening. The priorities should be to strengthen competition in the non-tradable sector and make the labor market more efficient and inclusive, supported by growth-friendly fiscal reforms
Table Of Contents
Cover; Abstract; Contents; I. Introduction; II. Recent Structural Reforms in Italy: An Overview; A. Product Markets: Deregulating and Enhancing Competition; Tables; 1. Italy: Product Market Reforms--A Summary of Main Problems and Actions Taken; B. Labor Market: Improving Participation and Productivity; 2. Italy: Labor Market Reform--A Summary of Main Problems and Actions Taken; III. Assessing the Impact of Structural Reforms; A. Empirical Literature on Structural Reforms: Some Recent Findings; B. The Model and Simulation Design: Using the IMF's GIMF
Language
eng
Literary Form
non fiction
Note
"European Department and Research Department."
Physical Description
1 online resource (60 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781475548570

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