OECD's periodic review of Italy's economy. This edition finds Italy facing a sharp recession. After a general review of the impact of the crisis and potential for stimulus, it takes a closer look at the financial system, regulatory reform, and schools and opportunities for learning.
Table of contents:
Executive Summary Assessment and Recommendations Chapter 1. The Impact of the Crisis and the Potential for Fiscal Stimulus -The Impact of the Crisis on Italy -The Outlook -Fiscal Policy and the Macroeconomy -Fiscal Federalism -In Sum Annex 1.A1. Taking Stock of Structural Reforms Chapter 2. Weathering the Storm: The Financial System in Italy -Italian Banks provide Financing to the Corporate Sector, in Particular Small and Medium Enterprises -The Impact of the Crisis -Recent Developments -Risks -Policy Measures by Italian Authorities -Recommendations Chapter 3. Supporting Regulatory Reform -Low Growth and the Structure of the Economy -Progress in Regulatory Reform 1998-2008 -Quantifying the Effects of Liberalisation -The OECD Review of Regulatory Reform Chapter 4. Towards Better Schools and More Equal Opportunities for Learning -The Main Challenges Facing Italian Education -Containing Spending in Primary and Secondary Education -The Main Drivers of Educational Outcomes -Introducing Schools' Incentives to Performance -Improving Teaching Quality -Improving Transition from Upper Secondary School to the Labour Market and Tertiary Education -Conclusions -Annex 4.A1. The Determinants of PISA Scores: The Cross-Country Perspective and a Study of Drivers of Disparities across Italian Regions