IESET.
Drift overview·ITA

Italy

net market drift27 movements coded · 19012022·final composite drift: -14.0
tone legendleft / state-expansionright / marketcentrist / mixedauthoritarian

Composite statist-drift trajectory with movements

fiscal axes — what moved and which way

sectoral subsidyspending leveltax corporatetax progressivitytransfer expansion

regulatory axes — what moved and which way

energy supply securityenvironmental stringencyfinancial deregulationimmigration opennesslabour market flexibilityproduct market competitionsectoral licensingtrade openness

monetary axes — what moved and which way

central bank independencemonetary expansion direction

institutional axes — what moved and which way

judicial independencerule of law

Movement timeline (27)

YearMovement
1901–1914Giolittian liberal reformism and state-building (Italy)
italy_giolittian_liberal_reformism_1901_1914
1922–1943Fascist corporatist state and state-directed capitalism (Italy)
italy_fascist_corporatist_state_1922_1943
1945–1992Italy Christian Democrat partitocrazia and state-holding system
italy_dc_patronage_state_1945_1992
1950–1970Italian economic miracle (miracolo economico)
italian_economic_miracle_1950_1970
1976–1983Italy DC-dominated governments: Andreotti, Cossiga, Forlani, Spadolini, Fanfani V (1976-1983)
italy_andreotti_forlani_dc_1976_1983
1983–1987Craxi PSI-led pentapartito governments (Italy)
italy_craxi_psi_1983_1987
1986–1993EU Single Market programme (1992 Project)
eu_single_market_1993
1992–1994Tangentopoli crisis and technocratic transition: Amato, Ciampi, Dini architects
italy_tangentopoli_transition_1992_1994
1992–1999Maastricht Treaty convergence criteria + monetary union preparation
maastricht_convergence_criteria_1992
1994–1995Berlusconi I: Forza Italia-Lega-AN coalition
italy_berlusconi_first_1994_1995
1996–1998Prodi I Ulivo centre-left: Euro qualification
italy_prodi_ulivo_1996_1998
1998–2001D'Alema / Amato centre-left continuation governments
italy_dalema_amato_centre_left_1998_2001
1999Italy euro entry at preserved institutional structure
italy_euro_entry_non_reform_1999
2001–2006Berlusconi II and III: Casa delle Libertà
italy_berlusconi_ii_iii_2001_2006
2006–2008Prodi II Unione centre-left coalition 2006-2008
italy_prodi_ii_centre_left_2006_2008
2007EU REACH chemicals regulation and ECHA architecture
eu_reach_chemicals_2007
2008–2011Berlusconi IV PdL-Lega Nord GFC-era government 2008-2011
italy_berlusconi_iv_pdl_2008_2011
2011–2013Monti technocratic emergency government 2011-2013
italy_monti_technocratic_2011_2013
2013–2014Letta PD-PdL Grand Coalition 2013-2014
italy_letta_pd_pdl_2013_2014
2014–2016Renzi PD reformist government 2014-2016
italy_renzi_pd_2014_2016
2016EU General Data Protection Regulation and data-protection regulatory stack
eu_gdpr_regulatory_stack_2018
2016–2018Gentiloni PD caretaker-continuity government 2016-2018
italy_gentiloni_pd_2016_2018
2018–2021Italy Conte I and II governments — populist heterodox cycle
italy_conte_m5s_governments_2018_2021
2019EU Green Deal + Fit for 55 climate regulatory stack
eu_green_deal_2020
2021EU Corporate Sustainability Reporting Directive and due-diligence stack
eu_csrd_sustainability_reporting_2023
2021–2022Italy Draghi technocratic national unity government 2021-2022
italy_draghi_national_unity_2021_2022
2022Italy Meloni centre-right coalition (FdI–Lega–FI) 2022-present
italy_meloni_rightwing_coalition_2022_present