Italy’s institutional crisis, the Euro and the Left (May 29, 2018) In May 2018, Italy experienced a serious institutional crisis. On May 27th its President Mattarella, in a unprecedented move, vetoed the formation of a Government which would have been backed by an absolute majority in Parliament. I thought the crisis had a deep meaning and was revealing about the interactions between democracy, financial markets and private wealth, that most observers (including on the Left) were missing. I therefore wrote down some reflections on it, and uploaded them here.
When demand shapes supply (Feb 11, 2018. With Walter Paternesi Meloni and Antonella Stirati) Contrary to the neoclassical model’s assumptions, shifts in aggregate demand have persistent effects on GDP. This post - published on the Institute for New Economic Thinking Blog - summarizes some of our research on the topic.