Professor of Political Economy
Sant’Anna School of Advanced Studies, Pisa
Chairman of the Scientific Commitee - Centro Europa Ricerche (CER) , Roma
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Centre for the Study of Global Governance (London School of Economics)
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- CER Report on Europe 2010
Click here to download the PDF version
Click here to download the Powerpoint presentation (format. pptx)
- Bloß nicht rauswerfen! Financial Times Deutschland (27.04.2010).
- Social Europe Journal's Columns : http://www.social-europe.eu/
- Policy papers written for the Economic and Monetary Affairs Committee of the European Parliament
- How to Handle Global Imbalances: a Role for European Monetary Cooperation with Asia.
Briefing Paper for the Monetary Dialogue March 2010. European Parliament, Committee on Economic and Monetary Affairs.
Abstract:
The crisis happened because misguided monetary policies in the US, and high savings from Asia have also allowed Americans to live above their means. Now the party is over, but global imbalances will not disappear.
China’s model based on unlimited labour supply and a competitive exchange peg to the dollar is under threat. Reforms must preserve Asia‘s growth, give the US flexibility to adjust, and prevent Europe from carrying the burden of global adjustment:
1. Asia should re-peg from the dollar to a basket of euros and Japanese yen.
2. Euro-yen volatility must be minimized.
3. Surpluses are invested in euro and yen, stimulating demand.
4. The basket leads to a future international reserve currency.
5. Coordination should be led by a G4 and ASEM.
- Bubbly economics
Directorate General for Internal Policies - Policy department A : economic and scientific policies - Economic and Monetary Affairs. Nov 2009.
Abstract:
The policy-induced rebound of the Euro Area economy still has to be transformed into self-sustaining growth. Monetary policy can contribute to this development by not exiting accommodative policies too early. At the moment, there is no evidence for inflation pressures caused by excessive liquidity creation, nor for the emergence of a new asset bubble in the Euro Area, although the environment needs to be monitored very carefully. The real bubble danger is in Asia and Europe should engage in global economic policy concertation.
- You'll find on this link the pictures of a diner party I gave for Helmut Schmitd (Hamburg, 06.02.2010).
- Rede in Wien
Im Rahmen des SPÖ-Zukunftsprojekts "Österreich 2020" (Ö2020) lud am 14. März 2010 Sozialminister Rudolf Hundstorfer zu einer Diskussion mit dem Thema "Sozialstaat im 21. Jahrhundert - Vision oder Utopie?" ins Parlament. Hundstorfer ist politischer Verantwortlicher der "Österreich 2020"-Diskursgruppe „Soziales, Beschäftigung und Wirtschaft".
Hier ist mein Beitrag (video).
Hier ist die Präsentation in PDF.
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