Sunday, July 23, 2017
 

XXIX Villa Mondragone International Economic Seminar

giugno 1st, 2017 by admin in International Economics

XXIX Villa Mondragone International Economic Seminar


Getting Globalization Right. Sustainability and Inclusive Growth in the post Brexit Age


Seminar, June 21 2017

University of Rome “Tor Vergata” – Villa Mondragone – Monte Porzio Catone

Round Table, June 22 2017
Italian Ministry of Foreign Affairs and International Cooperation – Sala Aldo Moro – Piazzale della Farnesina 1, Rome

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Group of 20 – may 2017

maggio 16th, 2017 by admin in Italian Economics

The meeting of Group of 20 “Revitalizing Anaemic Europe” took place on May 11th and the topics were:

The 2017 Economic and Financial Document and the 2017 Economic Measures

To the opening by the President Luigi Paganetto are followed the speeches by Carlo Cottarelli, International Monetary Fund; Paolo Guerrieri, Sapienza University of Rome; Lorenzo Codogno, London School of Economics and Political Science; Riccardo Barbieri Hermitte, Italian Ministy of Economy and Finance.

It’s possible to download the slides:

 

Globalization, inclusion and sustainability in a global century – G7 International Forum

maggio 2nd, 2017 by admin in International Economics












Globalization, Inclusion and Sustainability in a global century


G7 International Forum
Under the auspices of the Italian G7 Presidency


Rome, May 8 2017 – Italian Ministry of Foreign Affairs and International Cooperation
Rome, May 9 2017 – Link Campus University

The Forum focuses on three sets of issues:

  • Globalization, Protection and Protectionism
  • Growth, Trade, Inequality and Poverty
  • The Search for Sustainable and Inclusive Development

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Second Report of “Group of 20” – Revitalizing Anaemic Europe

aprile 3rd, 2017 by admin in International Economics / Publications


Unione Europea. 60 anni e un bivio

AA. VV. – Edited by Luigi Paganetto
Eurilink University Press – February 2017


Authors: Massimo Bagarani, Michele Bagella, Gloria Bartoli, Salvatore Biasco, Luigi Bonatti, Rocco Cangelosi, Marcello Clarich, Lorenzo Codogno, Giampaolo Galli, Franco Gallo, Adriano Giannola, Paolo Guerrieri, Martino Lo Cascio, Alfredo Macchiati, Rainer Masera, Maurizio Melani, Alessandro Minuto Rizzo, Roberto Pasca Di Magliano, Alberto Pera, Riccardo Perissich, Pasquale Lucio Scandizzo, Giovanni Tria, Salvatore Zecchini

This Report was realized by Tor Vergata Economic Foundation thanks to the contributions of distinguished academics and experts. The Report addresses the issue of widespread pessimism and confirms the validity of European Union and Euro choices, 60 years after the European Treaties. The ideas exposed in this Report come from an intense series of meetings where authors express a common belief, even if not in an unified vision. This belief arises from the need and the importance to keep in place and grow up the European effort, questioning how to “Revitalize”, more then leave, the European challenge.


European Union and global change. The need of Europe
Luigi Paganetto

Eurozone requires a recipe whereby a strong rate of investment, innovation and growth is pursued together with a reduction income inequality. A good recipe is a policy for inclusive growth because it could be the right remedy against the increasing Euroscepticism dominating EU scenario. Globalization looses, inequality, unemployment and low wages for medium skills depending from technological change To make inclusive growth working the creation of a fiscal space and a deal and the reduction of the excessive amount of public debt of Eurozone is needed. Euro is not the main cause of the low rate of growth of some European countries His incomplete construction explains its limits. Nevertheless it has been working facing the 2007 crisis by way of the European Stability Mechanism. The fiscal space needed by Eurozone could be created using a “bottom up” methodology, starting from some common problem as the expenses for controlling borders an immigration, security and defence needs, programs of investment in green technologies and innovation.

 

EU challenges: Brexit, immigration and stagnation. Lessons learned from the Villa Mondragone International Economic Seminar

luglio 27th, 2016 by admin in International Economics

Francesco Salustri

The 2016 Villa Mondragone International Economic Seminar devoted one single session to the main challenges that the EU is called to address in the coming decades: EU integration after the Brexit vote, the ongoing migration crisis, and the stagnant economic growth.

The recent inflow of refugees to Europe is determined by multiple shocks. Despite the fact that refugees are often poor, the main motivation behind their decision to migrate is their high vulnerability in their country of origin. As highlighted by Economic theory, the cause of the migratory flows is given by the gap between living conditions in the countries of origin – affected by shocks – and those in the host countries (e.g. salary, well-being, and conflicts).

Host countries and humanitarian organisations such as UNHCR call for a different institutional and financial framework in order to cope with the needs of refugees in the short and medium term. In particular, medium term policies for refugees’ assistance must be seen as an integral part of growth and development policies. Indeed, these policies should not differ from the standard growth policies. Examples of these policies are investing in education and health, performing the labour demand—supply matching, allowing firms to access to more financial instruments, and boosting the regional economy. These are the policies often applied to developing countries affected by shocks, and they can also be applied to the European migration crisis which does not seem to be a short-term phenomenon.

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European Policies to complete the Union

luglio 27th, 2016 by admin in International Economics

Giuseppe Paolicelli

In the last years the EU GDP suffered the effects of different shocks:

  • The fall of global demand in 2008-2009
  • Shocks on financial markets since 2010
  • Sovereign debt crisis
  • Strict fiscal contraction since 2010
  • The fall in the trend component of Total Factor Productivity

The macroeconomic measures adopted were inadequate to restore reasonable levels of employment and inflation in Eurozone, as the following analyses underline.

Francesco Felici(Ministry of Economy and Finance),using the ITEM simulation (econometric model of Italian Treasury),demonstrateshow the adverse fiscal strengthening stabilized but not reduced the debt-to-GDP ratio. Since the Eurozonedoesn’t have national exchange rates, the “relative price mechanism” could face asymmetric shocks, but we require structural reforms. For example, Philipp Mohl and Thomas Walsh of the European Commission suggest to start with the following reforms: more flexible labour and goods markets and less ‘nervous’ financial markets.Michael Mitsopoulos (Hellenic Federation of Enterprises) also suggests that a “deadlock breaking rule” could be useful to support the expectations formation on the EU ability to protect and maintain its own integrity.

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AFTER BREXIT, FROM THIS SIDE OF THE MANICA CHANNEL

luglio 27th, 2016 by admin in International Economics

Luigi Paganetto

The Joseph Rowntree Foundation published a report  showing UK cities declining in employment, share of high-qualified workers, fulltime jobs, immigration, and population dynamics. The link between economic difficulties and the ‘Leave’ vote is clear.

The two-topped cities of the 20-declining list, Rochdale and Burnley, voted massively for ‘Leave’, 60.1% and 66.6% respectively. And so it was for most of the other cities like Hull (67.6%), Middlesbrough (65.5%), Stoke (69.4). By contrast, dynamic cities like Oxford (70.3%) Edinburgh (74.4%), Cambridge (73.8%) massively voted for ‘Remain’.

However, we can’t underestimate that some high-level areas of immigration, as well as some declining cities, voted for ‘Remain’. According to the Report  the link between economic and immigration issues and EU is “at least in part a conscious political construction used for electoral purposes”.

The JRF Report makes us realizing the importance of going out from a mainly technocratic approach that has largely characterized the EU decision-making system. UK vote represents a traumatic break of direct democracy mechanisms and made clear, on the both sides of the Manica Channel, the distance  between ruling classes and citizens’ opinion. This distance comes from many reasons but its roots are the increased economic and social uncertainty and insecurity.

We should not forget the role, very important, of a badly managed globalization that led the hasty conclusion that  a “responsible nationalism” is a better solution.

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July GDP is online

luglio 19th, 2016 by admin in International Economics

Monthly GDP: flat profile in May

In May, industrial production decreased (-0.6% m/m) more than expected. However, the outcome is in line with developments in the rest of Europe. All the main sectors posted a reduction with capital goods sector recording the worst performance (-1.8%). On the contrary, durable goods were the only component to rise (0.4%). Favorable signals on the economy were provided by the business climate indicator in the manufacturing sector and by export and import data in volume terms. The new GDP estimate for May points at flat m/m profile (-0.02% m/m) with year on year growth remaining at +0.8%.

The diffusion of the monthly GDP indicator by CEIS Tor Vergata Economics University Foundation is scheduled on the 16th of each month. Next release is foreseen for Friday the 16th of September.

 

19 Jul2016

DOPO BREXIT, DA QUESTO LATO DELLA MANICA

19 luglio 2016 – h. 11:00 – Scuola Nazionale dell’Amministrazione – Aula Magna

L’incontro si svolge all’interno del Diploma in Management pubblico europeo e politiche economiche della SNA e delle attività del Gruppo dei 20 “Revitalizing Anaemic Europe”, sviluppate in collaborazione fra la Fondazione Economia e la Scuola Nazionale dell’Amministrazione. Dopo il voto che ha visto prevalere in UK i favorevoli all’uscita dalla EU e dopo le tante analisi costi-benefici pre– referendum sul “remain” e “leave”, occorre chiedersi oggi quali siano in EU le alternative e gli scenari aperti dalla scelta dell’exit.

La questione più immediata è certo quella delle scelte da fare nella trattativa negoziale con UK. Ma non c’è dubbio che il voto, nonché la frattura tra generazioni e tra “città e campagna” emersa dal voto del 23 giugno ha dato tinte ancora più forti alle posizioni degli“euroscettici” e ai conflitti di policy in EU con le conseguenti crescenti difficoltà nell’adottare iniziative condivise. L’incontro nasce dalla comune convinzione, all’interno del “Tor Vergata Group of 20”, che sia possibile, oltre che necessario, un rilancio della EU, evitando di trascurare come si è fatto finora il malessere sociale e l’alienazione rispetto alle Istituzioni europee. Tenendo conto,
allo stesso tempo, delle critiche alle politiche adottate fino ad oggi in EU nonché dell’esigenza di raccogliere i messaggi che sono venuti dal dibattito e dalle risultanze del voto in UK.

Intervengono:

Bruno DENTE, Commissario Straordinario Scuola Nazionale dell’Amministrazione
Stefano BALASSONE, Giornalista e Blogger – MODERATORE
Luigi PAGANETTO, SNA e Fondazione Economia Tor Vergata
Massimiliano DONA*, Unione Nazionale Consumatori (*da confermare)
Paolo GUERRIERI, Senato della Repubblica e Sapienza Università di Roma
Maurizio MELANI, Link Campus University
Giovanni PITRUZZELLA, Autorità garante della concorrenza e del mercato
Pasquale Lucio SCANDIZZO, Fondazione Economia Tor Vergata

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XXVIII Villa Mondragone International Economic Seminar

luglio 8th, 2016 by admin in International Economics

SAVE THE DATE

XXVIII Villa Mondragone International Economic Seminar
June, 23rd, 24th, 2016

“Facing EU Challenges, Relaunching Sustainable Growth”



 
 
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