In the wake of a dramatic financial crisis and with the first waves of baby boomers approaching retirement we hardly need to think about how best to arrive at the pension funds' payout phase. This paper argues that there is an urgent need to raise retirement saving, to reduce defined...

The Italian economy is still in a difficult transition.The banking system’s contribution is essential to overcome the crisis: Italian banks must pursue actions to recover profitability, while improving governance and control systems

Italy must continue the work it has already begun in budgetary and structural reforms, and Italian banks must accompany this effort. They have been able to maintain financial assistance to solvent, creditworthy customers and businesses. Furthermore, banks must increase their capitalization,...

This paper focuses on the scope for a higher level of output and faster productivity growth to ease future fiscal pressures stemming from demographic developments in OECD countries over the next fifty years. After concluding that, without substantial reforms, pressure on government spending...

This paper re-examines and discusses the contribution of Franco Modigliani in the construction of macroeconomic models used for prediction and for the development of economic policies. As noted by Paul Samuelson, the theoretical work done by Modigliani was instrumental in the development of the...

This paper focuses on the scope for a higher level of output and faster productivitygrowth to ease future fiscal pressures stemming from demographic developments in OECD countries over the next fifty years. After concluding that, without substantial reforms, pressure on government spending...

The paper analyses retrospectively the impact that the publication of The economists' "Manifesto" on unemployment in the EU has exerted on the European economic policies. On the supply side, it is acknowledged that many suggestions have been put in practise: among them, the labour market reforms...

The paper analyses retrospectively the impact that the publication of The economists' "Manifesto" on unemployment in the EU has exerted on the European economic policies. On the supply side, it is acknowledged that many suggestions have been put in practise: among them, the labour market reforms...