Debt and Financial Fragility: Italian Non-Financial Companies after the Pandemic (2024)
Journal Article
Fattouh, B., Pisicoli, B., & Scaramozzino, P. (2024). Debt and Financial Fragility: Italian Non-Financial Companies after the Pandemic. Economic Modelling, 131, Article 106628. https://doi.org/10.1016/j.econmod.2023.106628

This paper analyses the evolution of debt of Italian firms from 2010 to 2020 with special focus on the first year of the Covid-19 pandemic. We use quantile regressions to assess the vulnerabilities of the most indebted firms. On average Italian non-f... Read More about Debt and Financial Fragility: Italian Non-Financial Companies after the Pandemic.

The Public Finance Position of Immigrants in Europe: A Quantile Regression Approach (2023)
Journal Article
Joxhe, M., Scaramozzino, P., & Zanaj, S. (2024). The Public Finance Position of Immigrants in Europe: A Quantile Regression Approach. Public Finance Review, 52(2), 182-221. https://doi.org/10.1177/10911421231197280

This paper contrasts the net fiscal position (NFP) of immigrants versus natives using data from the European Survey on Living Conditions for 2007-2015. By employing a quantile regression approach, we find that European and non-European migrants have... Read More about The Public Finance Position of Immigrants in Europe: A Quantile Regression Approach.

Thinking Outside the Box: Giancarlo Marini, A Rigorous Eclectic Economist (2023)
Book Chapter
Imbriani, C., & Scaramozzino, P. (2023). Thinking Outside the Box: Giancarlo Marini, A Rigorous Eclectic Economist. In C. Imbriani, & P. Scaramozzino (Eds.), Economic Policy Frameworks Revisited. A Restatement of the Evergreen Instruments (31-48). Springer Nature. https://doi.org/10.1007/978-3-031-36518-8_3

In the current age of hyper-specialisation in the economic profession, the range of interests of Giancarlo Marini stands out for their breadth and originality. Marini gave significant contributions to monetary and fiscal policy and their interactions... Read More about Thinking Outside the Box: Giancarlo Marini, A Rigorous Eclectic Economist.

Intertemporal Choices, Information, and Opportunity Sets: The Effectiveness of Monetary Policy (2023)
Book Chapter
Imbriani, C., & Scaramozzino, P. (2023). Intertemporal Choices, Information, and Opportunity Sets: The Effectiveness of Monetary Policy. In C. Imbriani, & P. Scaramozzino (Eds.), Economic Policy Frameworks Revisited. A Restatement of the Evergreen Instruments (11-29). Springer Nature. https://doi.org/10.1007/978-3-031-36518-8_2

Monetary authorities have the advantage over the private sector because of the longevity of their institutions and their exclusive power to issue fiat money. These defining features of central banking have, however, been overlooked by much of the rec... Read More about Intertemporal Choices, Information, and Opportunity Sets: The Effectiveness of Monetary Policy.

Introduction: Time and Economic Policy (2023)
Book Chapter
Imbriani, C., & Scaramozzino, P. (2023). Introduction: Time and Economic Policy. In C. Imbriani, & P. Scaramozzino (Eds.), Economic Policy Frameworks Revisited. A Restatement of the Evergreen Instruments (1-8). Springer Nature. https://doi.org/10.1007/978-3-031-36518-8_1

What is the role today of monetary and fiscal policy? The past few years have seen an intensification of the debate on the scope and rationale of economic policy, stimulated by the responses to the massive economic shocks which affected the global ec... Read More about Introduction: Time and Economic Policy.

Economic Policy Frameworks Revisited. A Restatement of the Evergreen Instruments (2023)
Book
Imbriani, C., & Scaramozzino, P. (Eds.). (2023). Economic Policy Frameworks Revisited. A Restatement of the Evergreen Instruments. Springer Nature. https://doi.org/10.1007/978-3-031-36518-8

This volume presents state-of-the-art contributions to the theory and practice of economic policy. In light of the 2007/2008 financial crisis and the COVID-19 pandemic, it discusses the relevance and effectiveness of various traditional economic poli... Read More about Economic Policy Frameworks Revisited. A Restatement of the Evergreen Instruments.

COVID-19 debt relief (2021)
Journal Article
Becchetti, L., & Scaramozzino, P. (2021). COVID-19 debt relief. Scienza e pace, 12(2), 1-25

The COVID-19 pandemic has been a global shock with dramatic consequences on debts of governments called to alleviate the economic and social impact of the crisis on firms and households. We explore conditions for the feasibility of (COVID-19 generate... Read More about COVID-19 debt relief.

COVID-19 Debt Relief in the EU (2021)
Journal Article
Becchetti, L., & Scaramozzino, P. (2021). COVID-19 Debt Relief in the EU. Scienza e pace, 12(2),

The COVID-19 pandemic has been a global shock with dramatic consequences on debts of the governments which were called to alleviate the economic and social impact of the crisis on firms and households. We explore conditions for the feasibility of (CO... Read More about COVID-19 Debt Relief in the EU.

COVID-19 debt relief (2020)
Preprint / Working Paper
Becchetti, L., & Scaramozzino, P. COVID-19 debt relief. London

The COVID-19 pandemic has been a global shock with dramatic consequences on debts of governments called to alleviate the economic and social impact of the crisis on firms and households. We explore conditions for the feasibility of (COVID-19 generate... Read More about COVID-19 debt relief.

Nudging and corporate environmental responsibility: A natural field experiment (2020)
Journal Article
Becchetti, L., Salustri, F., & Scaramozzino, P. (in press). Nudging and corporate environmental responsibility: A natural field experiment. Food Policy, 97, 1-17. https://doi.org/10.1016/j.foodpol.2020.101951

We devise a “nudging” natural field experiment to test the impact of a simple form of advertising on environmentally responsible products with/without the increase of the responsible product price. We find that the simple use of a small shelf poster... Read More about Nudging and corporate environmental responsibility: A natural field experiment.

Public Capital Expenditure and Debt Dynamics: Evidence from the EU (2016)
Journal Article
Bhatt Hakhu, A., Piergallini, A., & Scaramozzino, P. (in press). Public Capital Expenditure and Debt Dynamics: Evidence from the EU. Politica economica-Journal of economic politicy, XXXII(3), 555-574. https://doi.org/10.1429/85011

This paper investigates the relationship between public capital expenditure and public debt in the European Union (EU) on a panel of fifteen countries in 1980-2013. We find robust evidence of a negative cointegrating relation, whereby increases in th... Read More about Public Capital Expenditure and Debt Dynamics: Evidence from the EU.

Federal Transfers and Fiscal Discipline in India: An Empirical Evaluation (2014)
Journal Article
Bhatt, A., & Scaramozzino, P. (2015). Federal Transfers and Fiscal Discipline in India: An Empirical Evaluation. Public Finance Review, 43(1), 53-81. https://doi.org/10.1177/1091142113515049

This article examines the relationship between federal transfers and fiscal deficits in India. The current system of transfers has been criticized on the grounds that it distorts the incentives for states to promote fiscal discipline. We analyze the... Read More about Federal Transfers and Fiscal Discipline in India: An Empirical Evaluation.

Federal Transfers and Fiscal Discipline in India: An Empirical Evaluation (2013)
Preprint / Working Paper
Bhatt, A., & Scaramozzino, P. Federal Transfers and Fiscal Discipline in India: An Empirical Evaluation. Manila, Philippines

This paper examines the relationship between federal transfers and fiscal deficits in India. The system of federal transfers has been criticized on the grounds that it distorts the incentives for states to promote fiscal discipline. We analyze the re... Read More about Federal Transfers and Fiscal Discipline in India: An Empirical Evaluation.