IDEAS home Printed from
MyIDEAS: Login to save this article or follow this journal

The Transmission of the Global Financial Crisis to the Italian Economy

  • M. Caivano
  • L. Rodano
  • S. Siviero


    (Banca d'Italia
    Banca d'Italia
    Banca d'Italia)

This paper carries out a counterfactual analysis of the Italian economy over the period 2008-2010, assuming that the global crisis hitting the economy never occurred. Under this circumstance, economic activity in Italy would have been higher by 6.5 percentage points at the end of 2010; crisis factors curtailed GDP growth by 10 percentage points, while economic policies mitigated the impact of crisis factors by 3.5 percentage points. Over three quarters of the impact of the crisis were “imported from abroad”; the worsening of domestic financing conditions and the deterioration of business and household climates played lesser ?though non negligible? roles.

To our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.

Article provided by GDE (Giornale degli Economisti e Annali di Economia), Bocconi University in its journal Giornale degli Economisti e Annali di Economia.

Volume (Year): 70 (2011)
Issue (Month): 3 (December)
Pages: 1-32

in new window

Handle: RePEc:gde:journl:gde_v70_n3_p1-32
Contact details of provider: Postal:
via Sarfatti, 25 - 20136 Milano (Italy)

Phone: 0039-02-58365306
Web page:

Order Information: Web: Email:

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:gde:journl:gde_v70_n3_p1-32. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Erika Somma)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.