A.A.A. Dottorando Research Assistant Cercasi

Qualche tempo fa mi chiedevo se gli italiani preferissero le bionde . L’iniziale curiosità ha dato origine ad un  Progetto Ricerca che coinvolge ricercatori dell’Università di Bologna, dell’Università della California at Davis, e dell’ Istat, ente con il quale si pensa di costruire un importante data set mutuato da svariate fonti. Le principali “domande di […]

The Monti Legacy

Today I gave a talk at the Conference RENCONTRES ECONOMIQUES 2012 “L’ajustement des déséquilibres en zone euro” at the Ministry of Finance in Paris. I discussed the legacy of the Monti government, the positive and negative aspects of the economic reforms,  and some implications of the current governmernt crisis. I was very surprised to see […]

A Pessimistic Note on the Euro

On February 7, I gave a talk a the Conference “America: Still A European Power?” in Bologna jontly organized by Johns Hopkins University-SAIS and Bologna University. (a more elaborate version of this post was later posted on voxeu e linkiesta ) The title of my presentation was “Why and How the US and the EU […]

The Probability Of A “Monti-Bis” Takes A Hit

The victory of Pierluigi Bersani in the primary elections for the leadership of the Democratic Party in Italy reduces the chances of the Monti Agenda. In September I discussed in Economonitor the plausibility of a “Monti bis”, the possibility that the next Italian government will carry forward the ‘”Monti Agenda” of budgetary discipline and structural […]

Con Bersani (e Berlusconi) crolla il Monti-bis

In settembre ho discusso su Linkiesta quanto sia plausibile l’ipotesi di un “Monti bis” e cioè che il prossimo governo porti avanti l’ “Agenda Monti” di rigore di bilancio e riforme strutturali. Il modello probabilistico descritto nell’articolo si basa sull’idea che l’esito dipenda da due fattori: il sistema elettorale e le leadership delle coalizioni in […]

A Debt Buy-Back Is Bad for Greece

According to FT Deutschland (quoted by Eurointelligence) on Saturday EU ministers agreed on a mix of measures, including buyback of Greek debt with EFSF money, tapping ECB and national central banks profits on Greek bond purchases and lowering interest rates on bilateral loans to Athens. These buybacks are beneficial to creditors (now mainly EU and […]

Giovani, Vecchi & Primarie

I primi risultati scrutinati, pari ad un terzo del totale, indicano Bersani al 44,3% ,  Renzi al 36,5%,  Vendola al 15%, Puppato al 3% e a Tabacci 1,2%. Renzi è stato penalizzato dalla retorica della rottamazione? Non si direbbe. Dalla indagine del Centro Studi Elettorali dell’Università LUISS risulta che i tradizionali elettori del  PD sono […]

The Troika’s Disaster

The new delay in the disbursement of the tranche of 44 billion from the “troika” (ECB, EU, IMF ) to Greece poses serious problems of economic and political nature to Greece, the entire Euro zone, but also to the International Monetary Fund. it threatens the solvency of the Greek banking system, for whose recapitalization about […]

La Troika del Disastro

Il nuovo rinvio dell’esborso della tranche da 44 miliardi dalla “troika” BCE, UE, IMF alla Grecia pone dei gravissimi problemi di natura economica e politica all’intera zona dell’Euro, ma anche al Fondo Monetario Internazionale. mette a rischio la solvibilità del sistema bancario greco per la cui ricapitalizzazione sono destinati circa la metà dei fondi apre […]

What Draghi Wouldn’t Say

What he said On Thursday 15 Mario Draghi gave an interesting speech in Milan, at  Bocconi University’s ceremony for the new academic year. Interesting both for what he said and for what he wouldn’t say. The narrative of the crisis was more or less as follows. In the past years markets underestimated the consequences of […]