IMF Staff Country Reports

Italy: Selected Issues

Publication Date:

July 13, 2011

Electronic Access:

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Summary:

Based on the economic literature, various policy measures and institutions in the product and labor markets that increase growth and employment are studied. From a cross-country approach, this study finds a significant relationship between Vertical Fiscal Imbalances (VFIs) and fiscal performance in OECD countries. Different measures of vertical imbalance are used. To assess the impact of a vertical gap, a panel equation is estimated that is related to general government primary balance to vertical balance, spending decentralization, covariates, and interaction terms.

Series:

Country Report No. 2011/176

Subject:

Banking Credit default swap Employment Expenditure Fiscal policy Fiscal stance Labor Labor markets Money