Author: International Monetary Fund. European Dept.Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 29
Book Description
Italy: Selected Issues
Italy
Author: International Monetary Fund. European Dept.Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 29
Book Description
Italy: Selected Issues
Italy
Author: International Monetary FundPublisher: International Monetary Fund
ISBN: 1475585179
Category : Business & Economics
Languages : en
Pages : 94
Book Description
This Selected Issues Paper focuses on structural reforms and fiscal devaluation in Italy. Italy’s economy has a number of important strengths. Despite these strengths, Italy’s economic performance has lagged behind its peers. The authorities’ reform plans are under way in different sectors of the country. In most cases, if reforms go in the right direction, their impact would depend on consistent and prompt implementation. The model-based analysis also suggests that the potential gains to the economy from deeper reforms can be sizable.
Italy
Author: International Monetary Fund. European Dept.Publisher: International Monetary Fund
ISBN:
Category :
Languages : en
Pages : 30
Book Description
Selected Issues
Italy: Selected Issues
Author: Italy
Author: Italy
Author: International Monetary Fund. European Dept.Publisher: International Monetary Fund
ISBN: 1498360076
Category : Business & Economics
Languages : en
Pages : 75
Book Description
The Selected Issues paper investigates options for improving the efficiency of the Italian judicial system and closing the regional performance gap. Better courts would bring about macroeconomic benefits, including increased employment opportunities, and higher productivity, investment, and research and development. The Italian financial system faces several challenges in order to restore profitability under weak growth conditions and to adapt to a changing global environment. This chapter explores ways of improving profitability and the challenges of shifting from a bank-based financial system, common in EU countries, to a more ‘market-based’ system. Along with this shift comes a diversification of financing sources, led by further development of capital markets. Budget allocation in Italy will need to increasingly rely on efficiency analysis to find savings and improve performance. The analysis in this chapter finds that large social spending in Italy, particularly current pensions, will need to be tackled to generate sizable expenditure savings. In education and non-pension social protection there is scope for improving outcomes with current resources. In other areas, reducing cross-regional variation in spending efficiency could also lead to savings. Reforms should focus on court management, rationalization of the appeal system, reduction of the backlog of pending cases, and wider use of out-of-court mediation.
Italy
Author: International Monetary Fund. European Dept.Publisher: International Monetary Fund
ISBN: 1513575724
Category : Business & Economics
Languages : en
Pages : 74
Book Description
This Selected Issues paper establishes a causal link between public sector efficiency at the provincial level and firm productivity using data for about 450,000 Italian firms. It emphasizes that significant productivity gains could be realized if public sector efficiency improves from currently low levels. If efficiency rises to the frontier in all provinces, output per employee would increase 9 percent for the average firm. Implementing the public administration reform agenda and recommendations of the 2014 spending review and competition authority could help deliver some of these productivity gains.
Italy
Author: International Monetary Fund. European Dept.Publisher: International Monetary Fund
ISBN: 1484386256
Category : Business & Economics
Languages : en
Pages : 91
Book Description
This Selected Issues paper presents Italy’s economic growth through innovation and reforms. It highlights that Italy’s future competitiveness depends on the institutional and macroeconomic conditions that allow productive firms to innovate, expand, and attract inward foreign direct investment (FDI) that in turn will require the successful implementation of the authorities’ full structural- and institutional-reform agenda. The IMF report focuses on the enforcement of civil and commercial claims in Italy as a key way to improve the environment for sustaining economic growth. There has been considerable interest in the possibility of introducing a comprehensive wealth tax in Italy, reflecting the public resistance to spending-only austerity.
Italy: Selected Issues
Author: Michael KeenPublisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451819816
Category :
Languages : en
Pages : 87
Book Description
The Selected Issues paper is focused on policies to secure strong growth and safeguard fiscal sustainability. The paper analyzes the reasons behind Italy's persistent inflation differential vis-a-vis the euro area. It reviews Italy's large regional imbalances through a catch-up in income levels and estimates a growth model using panel data for Italian regions to determine the impact of a number of factors in addition to convergence forces. It also focuses on fiscal sustainability and reviews the case for additional pension reform steps in Italy.
Italy
Author: International Monetary Fund. European Dept.Publisher: International Monetary Fund
ISBN: 1498355579
Category : Business & Economics
Languages : en
Pages : 43
Book Description
This Selected Issues paper analyzes the conditions under which Italian banks can earn sufficient profits to grow out of their asset quality problems, rebuild capital buffers, and finance the real economy. A bottom-up analysis of the 15 largest Italian banks suggests that restoring sustainable profitability depends heavily on the growth outlook. Many banks are expected to become more profitable as the economy recovers, but their capacity to lend depends on the size of their capital buffers. However, a number of smaller banks face substantial profitability pressures, highlighting the need to reduce the large stock of nonperforming loans and for further cost cutting and efficiency gains.