This paper discusses topics related to the growth mechanism in Europe, and specifically in the eurozone. It looks at the interaction of macroeconomic and structural aspects identifying issues where more analysis is needed in order to draw policy implications. It also looks at how developments in...

Like all transition economies, South Eastern Europe (SEE) countries stand to gain most from an export-led growth. Unfortunately, though, productive structure in these countries is largely made up of small and medium enterprises (SMEs) that, due to their limited size, may face obstacles to gain...

The global economic and financial crisis has sparked an unprecedentedly large, generalized fiscal policy response in practically all major industrial and emerging economies, which will change the fiscal and macroeconomic landscapes for some time to come. This paper offers an overview of the new...

In the most recent years, the pattern of economic development of the Italian Mezzogiorno has given signs of a remarkable change in progress. Up to the beginning of the 1990s, the whole area was by and large characterised by a single macroeconomic model of income and employment, whose dynamics...

Within the European arena, the heterogeneity of socio-economic conditions among Italian regions is a clear example of intra-border imbalances. Though, the different degree of development characterising the various areas of Italy is far from being an exception in the Union, where diversity across...