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The consequences of the Russian-Ukrainian war on the Italian economy and the need for a ‘full and good employment’ strategy

Author

Listed:
  • Nicolò Giangrande

    (Fondazione Giuseppe Di Vittorio (FDV), Italy)

Abstract

This article examines the consequences of the Russian-Ukrainian war on the Italian economy, especially on inflation, wages and employment. The study shows that Italy, which in the pre-war period had not yet reabsorbed all the consequences of the 2008 crisis, with the structural weaknesses of its economy, came under renewed pressure due to the COVID-19 crisis and, afterwards, to inflation and the war. The paper indicates the need for an economic policy based on the ‘full and good employment’ strategy.

Suggested Citation

  • Nicolò Giangrande, 2023. "The consequences of the Russian-Ukrainian war on the Italian economy and the need for a ‘full and good employment’ strategy," PSL Quarterly Review, Economia civile, issue 306, pages 277-291.
    • Handle: RePEc:psl:pslqrr:2023:36
    as

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    File URL: https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/18233/17108
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    References listed on IDEAS

    as
    1. Michal Kalecki, 1971. "Class Struggle And The Distribution Of National Income," Kyklos, Wiley Blackwell, vol. 24(1), pages 1-9, February.
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    More about this item

    Keywords

    inflation; wages; employment;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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