Seasonality and Capacity: An Application to Italy

April 1, 2000

Preview Citation

Format: Chicago

Federico Mini, and Guido De Blasio. Seasonality and Capacity: An Application to Italy, (USA: International Monetary Fund, 2000) accessed September 19, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

Information on seasonal frequencies can provide valuable insights for understanding economic fluctuations. This is particularly true for Italy, where the variability of production in manufacturing is extremely high and almost entirely due to seasonal factors. This paper discusses the option of exogenous seasonality resulting from changes in underlying technology and preferences, versus the possibility of endogenous seasonality arising because of synergies across agents. It then highlights the size of the seasonally-driven capacity slack and discusses its relevance from a welfare standpoint.

Subject: Business cycles, Economic growth, Economic sectors, Environment, Industrial production, Manufacturing, National accounts, Non-renewable resources, Production, Transportation

Keywords: Aggregate production, Business cycle, Business cycles, Efficiency loss, Growth rate, Industrial production, Industry machinery sector, Italy, Manufacturing, Manufacturing branch, Non-renewable resources, Seasonality, Time series, Transportation, Unutilized capacity, WP

Publication Details

Pages:

27
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2000/080
Stock No:

WPIEA0802000
ISBN:

9781451850291
ISSN:

1018-5941

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