The policy debate abounds with discussions on conflict of interests faced by politicians. The scope of the problem is global, in that conflicts of interest are found in industrialised as well as developing countries. And it is complex; there are multiple ways in which conflict of interest can manifest itself.
Market-based lobbying: Evidence from advertising spending in Italy
Stefano DellaVigna, Ruben Durante, Brian Knight, Eliana La Ferrara, 9 March 2014
Remittances and vulnerability in developing countries: Results from a new dataset on remittances from Italy
Giulia Bettin, Andrea F Presbitero, Nikola Spatafora, 10 February 2014
Remittances from migrant workers currently represent one of the most important financial flows to developing countries. They can play an important role in pulling millions of families out of poverty. It is therefore critical to identify the key factors affecting remittances, as well as the barriers to these flows (Beck and Martinez Peria 2009 ).
Productivity in Italy: The great unlearning
Fadi Hassan, Gianmarco I.P. Ottaviano, 30 November 2013
Italy is often regarded as the sleeping beauty of Europe -- a country rich in talent and history, but suffering from a long-lasting stagnation. Italian per-capita income as percentage of the EU15 average has steadily declined since 1994, reaching 84% of EU15 average in 2012. However, this pattern is a novelty compared to previous decades.
Unity in diversity: Protecting the common market with divergent macroprudential policies
Aerdt Houben, Jan Kakes, 30 July 2013
The credit crisis and ensuing sovereign crisis powerfully illustrate the limitations of traditional macroeconomic policies to contain financial imbalances. Despite debate on the desirability to dampen credit cycles and asset-price fluctuations, countries have long been reluctant to include this in policy objectives.
Going beyond the mystery of Italy’s price-competitiveness indicators
Claire Giordano, Francesco Zollino, 18 July 2013
Assessing Italy’s price competitiveness is becoming a puzzling challenge. Among others, Paul Krugman (2012) has questioned the reliability of the Italian cost-based indicators pinpointing their links with the “[country’s] mysterious productivity collapse”. Bayoumi et al.
The roots of the Italian stagnation
Paolo Manasse, 19 June 2013
Italy is currently facing its worst recession in recent history, having lost about 8.5% of GDP between 2007 and 2013. The current situation is, to a large extent, the result of the Eurozone crisis and of the tough fiscal-austerity measures introduced across Europe, and particularly in Italy.
From sovereign turmoil to private-sector woes: Italian sovereign spreads and their pass-through to bank lending conditions
Edda Zoli, 15 June 2013
Volatility in the Italian sovereign-debt market intensified in the summer of 2011, with ten-year government bond spreads climbing from below 200 basis points in June to over 500 at end-2011 and falling again in July 2012. In January of this year, they fell further to below 300 basis points.
Are Germans poorer than other Europeans? The principal Eurozone differences in wealth and income
Giovanni D'Alessio, Romina Gambacorta, Giuseppe Ilardi, 24 May 2013
The Household Survey (European Central Bank 2013) is a joint project of the ECB and all the Eurozone central banks providing harmonised information on the balance sheets of 62,000 households in 15 Eurozone countries (all except Ireland and Estonia).1
Girls’ education and medieval commerce
Graziella Bertocchi, Monica Bozzano, 29 March 2013
The reversal of the education gender gap, to the advantage of women, has been part of a quiet revolution that has gradually transformed women’s lives in the vast majority of OECD countries, as documented by Goldin (2006).
Realism, austerity or demagogy? Evidence from Italy
Maurizio Bovi, 20 March 2013
Before it was contested, there were two interesting – but different – views about the recent political election in Italy. The Economist (2012) had defined the elections as a test of the maturity and realism of Italian voters. The advice was that Italians should vote for Monti.
- Secular stagnation: Facts, causes, and cures – a new Vox eBookTeulings, Baldwin
- Can large primary surpluses solve Europe’s debt problem?Eichengreen, Panizza
- The unrecognised benefits of grade inflationBoleslavsky, Cotton
- The US manufacturing base is surprisingly strongMoran, Oldenski
- Risk attitudes are context-specificLoomes, Pogrebna
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
- Debt, deleveraging, and the liquidity trap: A new modelKrugman