IMF Staff Country Reports

Italy: Background Economic Developments and Issues

Publication Date:

May 10, 1995

Summary:

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.

Series:

Country Report No. 1995/036

Subject:

Banking Budget planning and preparation Exports Financial services International trade Market interest rates Monetary policy Public financial management (PFM) Reserve requirements Trade balance

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.