Public Debt, Global Governance and Economic Dynamism

XXIV Villa Mondragone International Economic Seminar - 2012

Luigi Paganetto editor

Springer 2013 - ISBN: 9788847053304

This volume presents a selection of contributions to the XXIV Villa Mondragone International Economic Seminar on “Public debt, global governance and economic dynamism”. For the past 23 years, the Seminar has provided an ideal opportunity to meet and discuss the most topical issues in economic research. The quality of the scientific contributions and ensuing debates has consistently been outstanding owing to the participation of leading experts, and the most recent Seminar was no exception.

The Seminar was held against the backdrop of high levels of public debt, especially in Europe, combined with very low growth in productivity. Furthermore, markets have been dominated by financial instability, raising the question of whether this is the result of the high debt levels or insufficient economic dynamism. Among the topics covered in this book are the economic challenges and growth policies in the United States; issues relating to the G20, global governance and regional integration; EU governance, growth and the Eurozone crisis; and EMU policy and public debt. Individual contributions also address the impact of labor market reforms, the need for sectoral rebalancing in the Euro area, fiscal multipliers and public debt dynamics, and the effects of fiscal shocks in Italy. The book concludes with a contribution on policy recommendations.


Authors: Angeloni Ignazio, Arru Daniela, Moreno Bertoldi, Giuseppe Blasio, Luigi Bonatti, Jocelyn Boussard, Francesco Caprioli, William R. Cline, Carlo Cottarelli, Francisco de Castro, Philippe de Rougemont, Piero Esposito, Daniele Fano, Andrea Fracasso, Paolo Guerrieri, Thorvaldur Gylfason, Homi Kharas, Davide Iacovoni, Domenico Lombardi, Juan Carlos Martinez Oliva, Rainer Masera, Maurizio Melani, Sandro Momigliano, Leopoldo Mondauto, Francesco Paolo Mongelli, Libero Monteforte, Pier Carlo Padoan, Luigi Paganetto, Filippo Maria Pericoli, Matteo Salto, Dominick Salvatore, Pasquale Lucio Scandizzo, Urban Sila, Maurizio Sorcioni, Giovanni Trovato, Paul van den Noord, Ad van Riet.