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Italy: Selected Issues
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2003: Issue 352
Language:
English
Publication Date:
13 Nov 2003
DOI:
https://doi.org/10.5089/9781451819816.002
ISBN:
9781451819816
ISSN:
1934-7685
Pages:
87
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
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund