Italy: Selected Issues

International Monetary Fund

No 2003/352, IMF Staff Country Reports from International Monetary Fund

Abstract: The Selected Issues paper is focused on policies to secure strong growth and safeguard fiscal sustainability. The paper analyzes the reasons behind Italy's persistent inflation differential vis-a-vis the euro area. It reviews Italy's large regional imbalances through a catch-up in income levels and estimates a growth model using panel data for Italian regions to determine the impact of a number of factors in addition to convergence forces. It also focuses on fiscal sustainability and reviews the case for additional pension reform steps in Italy.

Keywords: ISCR; CR; inflation differential; pension; real GDP; pension expenditure; chapter II; pension system; labor market; PPP GDP; Pension spending; Pensions; Inflation; Retirement; Aging; Europe (search for similar items in EconPapers)
Pages: 87
Date: 2003-11-13
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