According to Francesco Giavazzi’s editorial on today’s Corriere della Sera , the Prime Minister Renzi is getting the “reform sequence right”, first institutions, second economics, as Renzi is convinced that, “following one of the most promising research line of recent economic theory, see Daron Acemoglu and James Robinson “Why Nations Fail”, a country’s success depends […]
Moody’s Moods (on Italy)
In a recent report on the Euro Area Periphery, the rating agency Moody’s makes the point that the implementation of structural reforms by the euro area’s periphery countries have achieved improvements, although have not yet fully resolved the external imbalances that developed in these countries prior to the crisis. The report also says that the […]
Italy and the Eurozone: it’s time to inflate
My interview to Viv Davies of Voxeu, discusing Monti’sstructural reforms, deflation risk, fiscal union, a two-step budget procedure for EU, the Eurobonds, the role of the ECB
Riforme Strutturali e Rischio Paese
Questo articolo interessante di Cardoso e Doménch da voxeu.org mostra come i rischi di default nei paesi industriali siano fortemente correlati ai problemi strutturali che rallentano la crescita. La tabella sottostante assegna valori crescenti alla necessità di tali riforme nei diversi mercati (rosso(3): gravi problemi strutturali, verde (1): ok; arancione (2): così così).