Italy: Selected Issues

International Monetary Fund

No 2002/232, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; TFP growth; tax; dampening productivity growth; wage differentiation; employment growth; staff estimate; tax rate; Total factor productivity; Wages; Wage bargaining; Income; Output gap; Europe; Global (search for similar items in EconPapers)
Pages: 74
Date: 2002-10-25
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