The macroeconomic impact of structural reforms: The case of Italy

Sara D'Andrea, Silvia D'Andrea, Giovanni Di Bartolomeo (), Paolo D'Imperio, Giancarlo Infantino and Mara Meacci

No 250, Working Papers in Public Economics from Department of Economics and Law, Sapienza University of Roma

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 (RRP). 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 reform distributional effects on the functional income distribution.

Keywords: Fiscal structural policies; government efficiency; potential output; functional income distribution (search for similar items in EconPapers)
JEL-codes: E62 E65 F47 F54 (search for similar items in EconPapers)
Pages: 26
Date: 2024-06
New Economics Papers: this item is included in nep-eec
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Journal Article: The macroeconomic impact of structural reforms: The case of Italy (2024)
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