Look at the dynamics, not the levels

Elena D’Alfonso and Andrea Brasili The performance of the Italian economy has been quite disappointing. GDP growth has been lower than that of other European countries (in 2001-2007, it was on average 1.1% vs. 1.8% in the Eurozone, 1.7% in France and 3.4% in Spain). Investment and export growth have in particular been weaker than […]

A wider perspective

At present there is much debate on the shape and direction of fiscal policy. The governments of the three biggest European countries have recently presented their draft budgets, while Parliamentary debate has started and will lead, with different degrees of difficulty and speed, to the final approval. Just to give a snapshot on timing, draft […]