Italy; Selected Issues

This Selected Issues paper applies a range of methods to assess Italyâ€™s competitiveness gap versus other euro area members. All indicators point to a clear erosion of competitiveness in recent years, with related market share losses. Nonetheless, the estimated competitiveness gap, while appreciable, still remains quantitatively contained. The results suggest that the unwinding of the competitiveness gap will require reforms that boost productivity growth and continued wage moderation, as well as an adjustment by export firms in Italy.

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Year of publication:	2007-02-15
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Exchange rates \| Selected issues \| exchange rate \| export growth \| real effective exchange rate \| real exchange rate \| unit labor costs \| equilibrium exchange rate \| export market \| export performance \| exports of goods \| world export market \| export competitiveness \| export markets \| real export growth \| annual export growth \| export share \| levels of export \| exchange rate misalignments \| export prices \| effective exchange rate \| reer \| market exchange rate \| exchange rate misalignment \| real exchange rates \| commodity exports \| exporters \| real exchange rate movements \| real exchange rate overvaluation \| export sectors \| exporting firms \| exchange rate movements \| real exchange rate misalignment \| current exchange rates \| current account balance \| real exchange rate misalignments \| global competitiveness \| world exports \| exchange rate overvaluation \| real export \| international markets \| exchange rate policy \| export developments

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 07/65 6 pages long
Source:	RePEc - Research Papers in Economics

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