News
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September 15, 2020
A political message is needed from Europe – Interview with Marcello Messori – Formiche
Changing the rules on problematic loans is correct, but it takes time and now is not the time. In order not to paralyze the banking system, the only way is to softly apply the current rules pending a revision of the constraints that will sooner or later...
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September 10, 2020
The ECB between the Fed and the Recovery Fund – Sergio De Nardis - Inpiù
Central banks are reviewing their strategies. The changes in the economic context exacerbated by the pandemic and the loss of effectiveness of the measures (conventional and otherwise) to pursue their mandates are pushing the monetary authorities to make...
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September 10, 2020
Going Fiscal? A Stylised Model with Fiscal capacity and a Eurobond in the Eurozone - Lorenzo Codogno and Paul van den Noord - Presentation at the UACES Conference
Economic growth is vulnerable to external shocks (the pandemic was indeed a big one) and thus requires a macroeconomic stabilisation mechanism in the Eurozone. There is a need to avoid unnecessary strains to macro economic and financial stability, while...
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September 4, 2020
Interview with Francesco Saraceno – Class CNBC Caffè Affari
Professor Saraceno discusses the methods with which the EU institutions reacted economic crisis engendered by the Covid-19 emergency, France’s 100 billion-euro aid package to relaunch its economy and his new book, La riconquista (Luiss Press), about...
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August 31, 2020
Good debt and bad debt – Carlo Bastasin – La Repubblica
The idea that we can easily distinguish good debt, the one with which productive expenses are financed, from bad debt, which has no direct effect on growth, should not be taken as a revealed truth. When the pandemic hit the Italian economy, the spending...
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July 31, 2020
Recovery Fund: from the EU agreement to concrete actions for Italy’s recovery – Lorenzo Codogno - Aspen Institute Italia
The following are slides from Lorenzo Codogno’s video conference (organized by Aspen Institute Italia on July 30, 2020) in which he analyzed the structure of the Recovery Fund and the implications that it will have for the individual EU member states,...
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July 31, 2020
The Covid crisis and the European fiscal union – Pier Carlo Padoan – Inpiù
Professor Padoan looks at how crises have always resulted in major social and economic changes. The Recovery Fund aimed to deal with the present Covid emergency may even lead to a Fiscal Union, something that would be fundamental for European integration...
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July 29, 2020
The European seaplane that neither sinks nor takes off – Giovanni Orsina – Luiss Open
The European Council meeting that ended last Tuesday is destined to shake up the fragile Italian political scene, both in the government majority and among the opposition. The three different reactions from the three right-wing parties (Forza Italia is in...