Italy: Background Economic Developments and Issues
May 10, 1995
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This paper reviews developments in the Italian economy during 1994 with some special attention to some specific issues. It describes trends in the real economy, with special annexes focusing on the outlook for inflation and the response of employment to cyclical and structural factors. The paper discusses fiscal developments, and summarizes developments in the monetary sector. It also reviews empirical evidence on money demand in Italy, and the combination of cyclical and structural factors impinging on the banking system.
Subject: Banking, Budget planning and preparation, Exports, Financial services, International trade, Market interest rates, Monetary policy, Public financial management (PFM), Reserve requirements, Trade balance
Keywords: accelerator effect, Asia and Pacific, budget, Budget planning and preparation, budget target, CR, Eastern Europe, Europe, expenditure saving, export, Exports, GDP, Global, higher-than-expected interest rates, ISCR, Maghreb, Market interest rates, North America, rate, Reserve requirements, staff estimate, surplus, Trade balance, widening current account surplus
Pages:
112
Volume:
1995
DOI:
Issue:
036
Series:
Country Report No. 1995/036
Stock No:
1ITAEA0011995
ISBN:
9781451819687
ISSN:
1934-7685
Notes
This report on background economic developments and issues in Italy was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.
