Incomes policy started with the San Valentine's decree of 1984, which marks the beginning of the process that led to the abolishment of Scala Mobile and reached its peak with the Protocollo d'intesa of 1993. The work proposes to study by cointegration analysis the effects of incomes policy on...

We briefly describe the evolution of the global process of capitalist accumulation during the neoliberal decades, to stress the “real causes” of the current crisis. This analysis leads to the search for a radical alternative to “austerity”, that is the economic policy approach tied to an...

The study of the relationship between immigration, organized crime and economic development is a subject of great interest particularly in countries affected by large migration flows. The aim of this paper is to analyze and define general guidelines for the relationship between immigration and...

This paper describes the functioning of a currency board within the socio-economic context in which it operates. Special focus is given to the macroeconomic implications of a currency board system compared to a central bank system. In particular the author describes the principles regulating a...

This paper aims to analyze, in a first part, the economic policy carried out by the Christian Democracy from the post WWII until the early Sixties; in a second part, the goal is to trace the debate inside this party to highlight the different positions taken by its members in order to understand...

The paper analyzes developments in bank lending in Italy during the financial crisis, assessing the relative contribution of demand and supply factors to lending deceleration. We find that the slowdown in lending was mainly due to a reduction in demand. For households, this can be attributed to...

The world recession triggered by the financial crisis has impacted with extraordinary violence on economic activity in Italy.What has been the contribution of the various channels through which the crisis was transmitted to the Italian economy? What have been the effects stemming from the...

The financial crisis that started in August 2007 has led to a worsening in the conditions of credit supply to customers. Since the second half of 2008, several measures have been adopted in order to sustain access to credit for both firms and households, such as debt moratoria, provisions of...

This paper looks at the recent debt crisis in Greece and argues that the crisis exemplifies a sequence of systematic mistakes made by International Financial Institutions, mistakes whose consequences had been clearly anticipated at the time of the first bail-out and could have been avoided. I...

The paper provides an evaluation of the redistribution effects stemming from the changes to the personal income tax introduced in the last decade. The analysis confirms that between 1989 and 2001 the net average tax rate increased for all taxpayers and, above all, for one-earner couples. The...