The consequences of the Russian-Ukrainian war on the Italian economy and the need for a ‘full and good employment’ strategy

Nicolò Giangrande ()
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Nicolò Giangrande: Fondazione Giuseppe Di Vittorio (FDV), Italy

PSL Quarterly Review, 2023, issue 306, 277-291

Abstract: This article examines the consequences of the Russian-Ukrainian war on the Italian economy, especially on inflation, wages and employment. The study shows that Italy, which in the pre-war period had not yet reabsorbed all the consequences of the 2008 crisis, with the structural weaknesses of its economy, came under renewed pressure due to the COVID-19 crisis and, afterwards, to inflation and the war. The paper indicates the need for an economic policy based on the ‘full and good employment’ strategy.

Keywords: inflation; wages; employment (search for similar items in EconPapers)
JEL-codes: E24 E31 J31 (search for similar items in EconPapers)
Date: 2023
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