TY - BOOK ID - 84543192 TI - After the Crisis : Assessing the Damage in Italy AU - Sgherri, Silvia. AU - Morsy, Hanan. PY - 2010 SN - 1462339581 1455266817 1283564181 1455210366 9786613876638 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Global Financial Crisis, 2008-2009. KW - Financial crises KW - Crashes, Financial KW - Crises, Financial KW - Financial crashes KW - Financial panics KW - Panics (Finance) KW - Stock exchange crashes KW - Stock market panics KW - Crises KW - Global Economic Crisis, 2008-2009 KW - Subprime Mortgage Crisis, 2008-2009 KW - Macroeconomics KW - Production and Operations Management KW - Production KW - Cost KW - Capital and Total Factor Productivity KW - Capacity KW - Macroeconomics: Production KW - Employment KW - Unemployment KW - Wages KW - Intergenerational Income Distribution KW - Aggregate Human Capital KW - Aggregate Labor Productivity KW - Labor Economics: General KW - Labour KW - income economics KW - Total factor productivity KW - Capital productivity KW - Output gap KW - Labor KW - Potential output KW - Industrial productivity KW - Economic theory KW - Labor economics KW - Italy KW - Income economics UR - https://www.unicat.be/uniCat?func=search&query=sysid:84543192 AB - Italy’s deep-rooted structural problems resulted in an unsatisfactory productivity performance and a dismal growth over the last 15 years. The global financial crisis has exacerbated these long-standing weaknesses, taking a heavy toll on Italy’s economy. With output back to its end-2001 level, Italy’s output losses associated with the crisis have been, thus far, about 132 billion of 2000 euro (around 10 percent of precrisis 1998 - 2004 real GDP). About three quarters of these losses are estimated to be due to a shortfall in potential output. Potential output is not expected to rebound to its precrisis trend over the medium term, even though growth is projected to do so within the next two years. In the short-run, the decline in output is mainly accounted for by a collapse in productivity; in the medium term, employment and capital are also likely to be affected, with implications for the longer-term growth and fiscal outlook. ER -