The macroeconomic impact of structural reforms: The case of Italy

D’Andrea, Sara, D’Andrea, Silvia, Giovanni Di Bartolomeo (), D’Imperio, Paolo, Giancarlo Infantino and Mara Meacci
Authors registered in the RePEc Author Service: Paolo D'Imperio

Journal of Policy Modeling, 2024, vol. 46, issue 5, 946-963

Abstract: We propose a methodology to map structural reforms from granular data to an aggregate model, exploring their transmission mechanisms and their macroeconomic and social impacts. The study focuses on the rich case of the reforms associated with the Italian Recovery and Resilience Plan. We document a significant potential impact on medium- and long-term GDP and find that the labour market and education measures are the main drivers of the impact on GDP and employment. We also examine the distributional impact of the reforms on the functional income distribution.

Keywords: Fiscal structural policies; Government efficiency; Potential output; Functional income distribution (search for similar items in EconPapers)
JEL-codes: C54 E62 E65 F47 F54 (search for similar items in EconPapers)
Date: 2024
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Working Paper: The macroeconomic impact of structural reforms: The case of Italy (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jpolmo:v:46:y:2024:i:5:p:946-963

DOI: 10.1016/j.jpolmod.2024.05.002

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