The view that deficits and higher public debt can be beneficial has received an important boost through the recent presidential address of Prof. Olivier Blanchard at the American Economic Association, entitled: “Public debt and low interest rates”. A new editorial by Daniel Gros.
Plans by the Italian government for a deficit of 2.4 % instead of pursuing the adjustment path agreed with the EU have led to a sharp increase in the yields on Italian debt, with the yields on ten-year bonds rising above 3%. Italy seems to be only one step away from such an explosive feedback loop.
Daniel Gros and Mattia Di Salvo discuss, numbers at hand, the real situation about the migrant crisis and the role played in it so far by Italy and Germany
Andrea Lorenzo Capussela analyses the latest developments of Italy’s political situation, arguing that while the new government might restore some stability, it is unlikely to tackle the real roots of the crisis, namely low growth, rising inequality, and political distrust
Mohammed Hashas analyses the question if there is or there is not such a thing as an Islamic European thought. he argues that European Muslims do have their own thought, in theology as well. Such thought can have an influence even in the Arab world
Fabrizio Barca, economist and former minister, in a conversation with LUISS Open on the new economic, social and recognition faults criss-crossing our continent. Said inequalities also have a territorial aspect. He goes on to describe a European policy (a bit of an ill-treated one) that would be very effective in treating the wounds of the Old Continent
The European Commission’s slap on Italy’s wrist does not take into account a few factors: the robustness of our budget surpluses, the generous contribution to the European home and those advantages that the Euro has granted to the reference country in the Old Continent, that is to say Germany. These are the elements that Brussels should consider before sending its next letter
The reason why the “Jamaica coalition” of conservatives, liberals and greens has collapsed in Germany, and why it will now be difficult to replace it. Immigration, the shaky leadership of the parties and the advancement of the extreme come into play. Europe is shaking.
The LUISS School of European Political Economy continues to examine the German line on the reform of the single currency and the European Union. The new policy document by Baglioni and Bordignon responds to the “non-paper” by its former Minister of Finance
A group of German and French intellectuals have put forward some proposals for the advancement of the Eurozone. But their ideas – comes the reply by a group of LUISS economists – is likely to aggravate the evils they intend to cure. An exchange of open letters on Le Monde and Faz followed
Angela Merkel is Chancellor again, but building a coalition government will not be an easy task. Future developments following this election will also have an impact on the European Union: from austerity to the European Monetary Fund and Schäuble’s role, the forecasts in a paper by the LUISS School of European Political Economy
In the aftermath of the German vote, Christian Blasberg analyzes – with an exclusive feature for LUISS Open – the results party by party, along with the scenarios for the possible new governments, from the große Koalition to the expected (some more, some less) returns to the Bundestag.
The discussion on the renewal of the Cotonou Agreement between the EU and African, Caribbean and Pacific areas, which is due to expire in 2020, was the focus of a seminar organized by the LUISS School of Government
A second extract from Martin Sandbu’s book on the European Single Currency and the economic crisis. The Italian translation of the volume will be out soon for LUISS University Press
Accordin to Martin Sandbu from the Financial Times, the crisis that hit the eurozone should not be blamed on the euro, but on a series of political mistakes. Sanbu’s latest book, published by Princeton UP, will be out soon in its Italian translation for LUISS University Press
Debt recovery and growth in the medium term are the objectives that should be pivotal for the Italian government, according to this policy brief by the LUISS School of European Political Economy
An excerpt, for Open, from the new book “The Impact of the Economic Crisis of Southern European Democracies” by Leonardo Morlino and Francesco Raniolo
Our country must grow up and can not continue to lay the responsibility of its low growth on others. Some suggestions on the subject of banks and public debt by Stefano Micossi
Alla vigilia del Consiglio europeo dei capi di governo dell’Ue a Bruxelles, alcuni spunti di riflessione del professore Carlo Bastasin (della School of European Political Economy)
Mattia Guidi’s editorial, examining the role held by the main protagonists in the U.K.’s general elections and outlining the possible future developments for the British government
In un incontro organizzato dalla School of Government della LUISS, John Ikenberry discute dell’ordine internazionale liberale con riferimento all’America di Trump e oltre
The economist Aghion has participated in a meeting organized by LUISS. From the Eurozone slowly growing again, to the rising inequality in the world, here are his thoughts collected for you by Open
Francesco Saraceno’s commentary on Social Europe analyze France elections’ impact after the vote. How much Europe we will see with Macron?
An op-ed by Daniel Gros, director of Brussels-based think tank CEPS, on the elections in France and on their impact from a European point of view
Rosamaria Bitetti and Ornella Darova try to understand the reasons behind the European expat movement in the essay “Economic Freedom as a Magnet for intra-EU28 Migration”
Romano Ferrari Zumbini presents some reflections on the European Union, its current status and future prospects. Drawn and adapted from a longer piece featured in the magazine “Il Mulino”
A basketball metaphor to analyze Italy’s current position in the Economic and Monetary Union and the European Union in general. The editorial by Marcello Messori, director of the LUISS School of European Political Economy
There are two keys for responding to the demand for flexible, innovative economies, able to adapt to technological change and the challenges put forward by globalization: investing in human capital and reviving the internal market
Gianni Toniolo analyzes the phase Europe and its citizens are going through with historical lucidity and economic competence. Leaders are needed that are capable of employing political capital in order to convince Italians that the road to their future is only through a stronger, more united and solidary Europe
The volume “Still a Western World? Continuity and change in global order” edited by Sergio Fabbrini and Raffaele Marchetti provides an analytical interpretation of the complex scenario of International Relations, while trying to explain its tendencies and to anticipate its future developments
La questione del budget dell’Unione Europea e delle sue politiche fiscali serve da spunto a Sergio Fabbrini per dare spazio a un’argomentazione di ampio respiro sul futuro stesso dell’Unione e proporre una strategia di riforma volta a garantire maggiore coesione e integrazione
In honor of the sixtieth anniversary of the Treaty of Rome, Franco Bruni, Sergio Fabbrini and Marcello Messori propose a possible strategy to relaunch the European integration process while hypothesizing a great involvement from Italy
In an op-ed published on December 7, 2016 on “Corriere della Sera”, which is reproduced here, Enzo Moavero Milanesi argues that it would be wise for Italy to make constructive proposals at European level, with the aim of promoting growth rather than closing itself behind “vetoes” and ending up alone