politicians, the crisis that has hit our country since 2008 is having relevant effects on the relationships between central and … situation of "fiscal federalism" in Italy before the crisis, summarizing the decentralization process in the ‘90s, its … problems this created. We then look at the numbers of the crisis; the "double dip" of the economic cycle in the period 2007 …

We compare the dynamics of inflation and bond yields leading up to a sovereign debt crisis in settings where asset … a future debt crisis. With complete markets, prices jump in response to news about the possibility of a future debt … crisis. However, when short selling of government bonds is restricted, some agents can't act on their beliefs, and prices don …

global financial and economic crisis has revealed a number of weaknesses in the Stability and Growth Pact, the EU framework … during the present crisis and offers a first comprehensive review of the ongoing academic and policy debate, including an … macroeconomic surveillance, in good times and an open window for exceptionally bad times, including a crisis resolution mechanism at …

has not returned to pre-crisis levels. Emerging and developing economies face downside risks to growth and prospects of …

modernized version of the 'free-market' capitalism of the 1920s. In this paper I argue that our deficit crisis is the result of a …-term evolution of our current deficit crisis, I show that this crisis can be resolved by raising taxes on upper-income households and …