“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.
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
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