“The non-delegation doctrine is the theory according to which constitutional bodies cannot delegate their constitutionally protected powers to other bodies, abdicating their public function”. An interview with Marta Simoncini about the Erosion of the Meroni Doctrine: The Case of the European Aviation Safety Agency
“The striking divergence of Southern Europe coincides with the diffusion of information technology (IT) in the mid-1990s, which was a major driver of productivity growth in the leading economies. In Southern Europe, this IT Revolution made relatively little headway”. Fabiano Schivardi and Tom Schmitz explain how in Southern Europe, this IT Revolution has been substantially lower than in other developed countries
“At the basis of the concept of “convergence” lies “electoral stability and instability”, which is manifested by the “electoral volatility” variable, a measure that quantifies the electoral change at an aggregate level, or the percentage of voters who have changed their vote between two subsequent elections.” Interview with Prof. Emanuele about the electoral instability
This is where the unexpected slowdown in the first Eurozone economy comes from: weak consumption, the role of immigration, stagnant productivity and fearful exporters. What if German economy was “stable” rather than “dynamic”? The analysis by Daniel Gros for Luiss Open
Italy is a high savings country. Its households dispose of a net worth of around 10 thousand billion euro and financial assets of over 4 thousand billion euro. This means that in principle the national public debt of around 2 thousand billion euro cou …
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.
Draghi’s quantitative easing has been a determining factor in breaking the ‘doom loop’ between weak banks and weak Countries. Now, after the extraordinary monetary policies, there is a development cycle stronger than before, as in the case of exports and capital flows
The ever more complex relations in the international system have brought major changes in the balance of power, resulting in the need to rethink the relations between nation States as well as the politics of globalization
The international chessboard has dramatically changed in the last few years, which has altered its balance. In this new piece for the column “World Disorder”, Antonio Badini analyses how western powers (especially Europe and Italy) can tackle this new situation and gain advantage from it
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
In the identification between single currency and neoliberal policies, that’s where the anti-Euro movement as well the advocates of the status quo are splashing around. Both, armed against one other, pretend not to see that the problem is not the single currency itself, but the intellectual climate that is now prevailing in Europe. Here are some ideas to finally change direction without blowing up the whole continent, taken from Francesco Saraceno’s preface to the Italian edition of Martin Sandbu’s book “Europe’s Orphan”.
According to a widespread belief, banks buying bonds of their own government can have a positive impact on the market, especially in order to stabilize a crisis. Daniel Gros argues, on the contrary, that this is not the case
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
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