This manifesto challenges a pernicious orthodoxy that has gripped Europe's policy makers. It is that demand- and supply-side policies must have different aims, that a limited number of supply-side policies are to be devoted to fighting unemployment, and that demand management (and particularly...

This paper addresses several key issues regarding the recent Great Crisis 2007-2009. The;main ones are: was the financial crisis predictable by standard economic models? If not, are these models lacking of forecasting capabilities, or it is not a task of economic models to predict external events...

I met Franco Modigliani in 1948. We had common interests in three fields of economic theory--Keynes and unemployment, the relations between monetary and real phenomena and market forms and price formation. We had in common also the love for empirical verification and, on another plane, civil...

I met Franco Modigliani in 1948. We had common interests in three fields of economic theory--Keynes and unemployment, the relations between monetary and real phenomena and market forms and price formation. We had in common also the love for empirical verification and, on another plane, civil...

This manifesto challenges a pernicious orthodoxy that has gripped Europe's policy makers. It is that demand- and supply-side policies must have different aims, that a limited number of supply-side policies are to be devoted to fighting unemployment, and that demand management (and particularly...

After a review of the foreign direct investment (FDI) literature, and after the analysis of some recent European experiences (Spain, Ireland) of quick economic development sustained from abroad, the paper suggests that a specific fiscal policy can be applied to the South of Italy, in order to...

The paper shows that fiscal policy and tax incentives are more effective than monetary policy and monetary incentives in supporting a regional development policy among European regions. Anyway, only recently the EU Commission agreed that member countries can use tax incentives instead of...

The article analyzes retrospectively after seven years the impact that the publication of the "Manifesto against unemployment in the EU" has had on economic policies enabled in the various European countries. On the supply side, it is recognized that many suggestions of the "Manifesto" were put...

La posizione comune con Bruno Jossa sintetizzata alla fine della sua nota quando egli scrive che gli incentivi fiscali, di natura automatica, costituiscono la politica ottimale per il Sud, aggiungendo di ritenere Çche tali incentivi, uniti ad altre misure di risanamento, potrebbero attirare nel...