- 16 giugno 2022
Container, la ripartenza in Cina minaccia il grande ingorgo nei porti occidentali
Per avere un’idea dell’entità del problema in arrivo basti pensare che durante i due mesi di blocco un container su cinque era fermo su navi in stand by, ma di queste navi il 24,3% aspettava fuori da porti cinesi
- 11 maggio 2017
«Fiscal money» may be a road for Italy to stay in euro and prosper
We cannot understand the limits of the euro if we do not consider the macroeconomic theory on which it was built. According to this theory, the economy is, yes, subject to continuous fluctuations, but it always rights itself again with self-regulation: small policy doses are enough to return it to
- 09 maggio 2017
La via possibile della moneta fiscale
Non si comprendono i limiti dell’euro se non si considera la teoria macroeconomica su cui è stato costruito. In base a tale teoria, l’economia è, sì, soggetta a continue fluttuazioni, ma finisce sempre con l’auto-regolarsi: bastano piccoli dosaggi di policy ed essa torna al suo equilibrio
- 27 febbraio 2016
Beijing Promises Stability on the Yuan
The Chinese weapon to sedate and reassure the financial markets is the Governor of the People's Bank of China (PBOC), Zhou Xiaochuan, who yesterday lived an intense day. The number one of PBOC revived the stock markets after a black Thursday, unfortunately without dispelling the doubts that for
- 13 febbraio 2016
Investment Challenge in a Growth-less World
A double thread links the growing market turbulence in the various regions of the world. This turbulence: the rising uncertainty over the global economic
- 05 febbraio 2016
Growth Needs a Boost, Decimals Are Not Enough
Were it not for the meager 0.9 percent growth forecast for Finland, in 2017 Italy—with its 1.3 percent growth of gross domestic product—would be in last place
- 13 gennaio 2016
Why China Wants to Avoid a War With the Dollar
The intervention in the offshore currency market of Chinese monetary authorities have had, so far, a double effect: they have effectively erased the
- 12 gennaio 2016
What’s Different Now Compared to 2008
The massive financial crisis exploded in 2008 because of excessive debt. So, there’s nothing calming in the fact that debt levels today, on a global level, are
- 10 dicembre 2015
China’s Interest and that of the Fed
There is not a single central banker in the world that in the coming days will be able to rest quietly or even stay awake without dealing with ghosts. As we approach the last annual meeting of the Federal Reserve’s policy setting committee, anticipation grows for the impact of the first increase in
- 09 dicembre 2015
China and the United States Must Get Serious Now
The UN conference on climate change taking place in Paris (until Friday) represents an important step towards a new paradigm for global economic growth. Let’s try to identify the trends, players and agendas.
- 19 novembre 2015
If Russia Becomes a Player Again
Sometimes, a common enemy rekindles important friendships. The G20 Summit in Antalya, Turkey, did not produce a plan of extraordinary economic initiatives to support growth that, just a year ago, the leaders had conceived for the world economy. Instead, it set in motion a new geopolitical dynamic
- 17 novembre 2015
G20 Disappointed with Its Delays
Once again, German Chancellor Angela Merkel was the most optimistic of all.
- 13 novembre 2015
Commitments on Growth
When looked at through the G20 lens—the leaders of which will meet next Sunday in the Mediterranean city of Antalya, Turkey—the global economy reflects three main dynamics.
- 07 novembre 2015
If the Recovery Stabilizes the Financial System
Only a smidgen of growth is needed to look at the Italian economic and banking sector with a bit more enthusiasm.The Bank of Italy’s report in the Stability Law published yesterday has lowered most of the fears expressed in April and introduces a bit of cautious optimism. It’s the definitive proof
- 04 novembre 2015
The “Third” Path: Between Free Market and Welfare
Free market versus welfare: the two poles of the 13th five-year plan laid out by the Plenum that just wrapped in the Chinese capital.
- 27 ottobre 2015
The Tax Authority Needs Real Autonomy
Day after day, it seems increasingly clear how the tax authority’s problems are not just connected to the saga of executives whose mandate is over; it is also connected to the appointments made without a selection process and then declared illegal by the constitutional court.
- 22 ottobre 2015
A Poker Game Between Growth and Markets
In Malta, the meeting of the European Central Bank (ECB) governing council will take place at the same time as the Malta Poker Festival. ECB President Mario Draghi probably prefers chess to poker. But the game he has to play in the Council is anyway a difficult one.
- 21 ottobre 2015
The Good Oversight
When a country is afflicted by chronic diseases—such as financial illiteracy and a cultural deficit at the institutional level—it runs the risk of committing the same self-harming mistakes over and over again. This is the case for Italy each and every time that any legal proceeding brings into play