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Italy: Quantifying the Benefits of a Comprehensive Reform Package
Michal AndrleMr.Alvar KangurMr.Mehdi Raissi
出版International Monetary Fund, 2018-03-16
主題Business & Economics / Economics / MacroeconomicsBusiness & Economics / Industries / Financial ServicesBusiness & Economics / Labor / General
ISBN14843480879781484348086
URLhttp://books.google.com.hk/books?id=dDsYEAAAQBAJ&hl=&source=gbs_api
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註釋This paper seeks to quantify the net benefits of a comprehensive reform package aimed at addressing Italy’s inter-related challenges. Specifically, it simulates the growth and competitiveness effects of a package of fiscal, financial, wage bargaining, and other structural reforms. Credible implementation of such a package yields substantial mediumterm dividends at negligible near-term growth costs. Real GDP growth is estimated to be substantially higher over the medium term, while the real effective exchange rate depreciates notably.