Tanti anni fa, quando ero all’ultimo anno di Liceo, un giovane economista diventato mio amico, Fabio Ranchetti, tenne delle bellissime lezioni per una supplenza di filosofia che durò’ tre o quattro settimane. In queste lezioni Fabio spiego’ il pensiero economico dei “Classici” , Quesnay, Smith, Ricardo e Marx. E’ almeno in parte merito (colpa?) di […]
Public Debt
Proposte di Riforme dell’Europa: Intervista a Linkiesta
La mia Intervista a Fabrizio Patti de Linkiesta si trova qui
Debt and Investment in Italy, 1945-2010
A simple reminder for home-grown Keynesians (and, more generally, for advocates of European “flexibility”) on what public debt has (not) been used for in Italy since 1945.
The Macroeconomics of the European Crisis
Today I gave a (long) talk at the Conference on Sovereign Risk and the Euro. The presentation, The Macroeconomics of the European Crisis, went through the crisis’ common causes (current account imbalances), the heterogeneous labor market outcomes, and sovereign debt vulnerabilities to political risk. Those interested in the presentation can download it here
The Italian Banks’ Bail-out: A Deafening Silence
What are the main lessons from the Italian bail-out of the two Veneto region’s banks ? At the European level, the bail-out is a nail in the coffin of the Bank Recovery and Resolution Directive (BRRD), as it shows that European rules for protecting tax-payers can be easily circumvented. It creates a precedent that does not […]
Proportional Rules and Troika Risk
In a December 2016 post I discussed the likelihood of Italy falling back into chaotic political instability, capital flights, rising bond spreads and bank runs (TROIKA scenario). I argued that much would depend how the Gentiloni government would manage the hot potato of the new electoral rules, the troika scenario being more likely if a proportional system […]
My Take On Italian Banks: Interview for TheCorner
Here is my interview with Ana Fuentes for TheCorner.eu on Italian Banks
Intervista a radio Radicale
Conversazione con Valeria Manieri su Italia e Europa
Intervista su Post-Referendum
Breve Intervista a City Wire sul dopo-NO
Lunedì Incontro su Brexit all’Università Cattolica
Lunedì 21 novembre 2016 Cripta Aula Magna, ore 15.00 Largo A. Gemelli, 1 – Milano Presentazione del Rapporto OSSERVATORIO MONETARIO N. 3/2016 BREXIT Introduce e coordina i lavori Marco LOSSANI, Direttore LAM, Università Cattolica del Sacro Cuore Intervengono Angelo BAGLIONI, Università Cattolica del Sacro Cuore Fiorenzo DI PASQUALI, Università Cattolica del Sacro Cuore Paolo MANASSE, […]
Greek Crisis: A Book Presentation in Bologna
If you are in Bologna, you shouldn’t miss this event! 18:30, Tuesday, November 15, 2016 – AUDITORIUM (SAIS Bologna, Via Belmeloro 11) “Game Over: The Inside Story of the Greek Crisis” – A Book Talk & Panel Discussion with the Author George Papaconstantinou (author) Economist; Former Minister for Finance, Greece Paolo Manasse (discussant) University of Bologna, […]
Draghi, Inflazione e Crescita
Efficace articolo di Fabrizio Patti su Linkiesta , in cui, intervistato, ricordo i “basics” della sostenibilità del debito pubblico