Title: The macroeconomic impact of structural reforms: The case of Italy Authors:  Sara DAndrea - Sogei spa (Italy) [presenting]
Silvia DAndrea - Department of the Treasury Ministry of Economy and Finance Italy (Italy)
Giovanni Di Bartolomeo - Sapienza University of Rome (Italy)
Paolo DImperio - Department of the Treasury Ministry of Economy and Finance Italy (Italy)
Giancarlo Infantino - Department of the Treasury Ministry of Economy and Finance Italy (Italy)
Mara Meacci - Parliamentary Budget Office (Italy)
Abstract: A methodology is proposed to map structural reforms from granular data to an aggregate model, exploring their transmission mechanisms and their macroeconomic and social impacts. The focus is on the rich case of the reforms associated with the Italian Recovery and Resilience Plan. We document a significant potential impact on medium- and long-term GDP and find that the labour market and education measures are the main drivers of the impact on GDP and employment. We also examine the distributional impact of the reforms on the functional income distribution.