Marcello Messori

Non-Resident Fellow
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Marcello Messori

Marcello Messori is a part-time professor at the Schuman Centre, European University Institute (EUI), and a member of the EMU-Lab at the same Centre. He is a non-resident Fellow at the Institute for European Policy Making (IEP), Bocconi University. He is co-coordinator of the ‘Gruppo Europa’ at Astrid Foundation.

He has been the coordinator of a group of advisers for the European Parliament, a Professor of Economics at LUISS and University of Rome ‘Tor Vergata’, Visiting Professor at European Universities (Sciences-Po, Paris; Paris-X Nanterre, LATAPSES, Université de Nice), and Visiting scholars in several US, Irish, and Australian Universities (mainly, MIT and Stanford University). He published about three hundred works in Italian, English, French, and German. In recent years, his field of work has focused on the economic governance of the European Union, and mainly on the financial and economic policy problems.

Marcello Messori has been the coordinator of national and international research groups, and he has been involved in various institutional activities. In this last respect, he has been president of the Italian Railways company and president of the Italian Association of Asset Management (Assogestioni). Currently, he is president of Allianz Bank.

European Policies

Why do EU Countries Resist Sharing Sovereignty?
2024

The costs and benefits of sharing national sovereignty are different across EU countries. In our framework, costs mainly depend on the relative strengths of each national state and intermediate institutions.

Italy&Europe

Why Italy Should Not Postpone the Adjustment Required by the New EU Fiscal Rules
2024

Italy must be compliant ex post, and not only ex ante, with the new fiscal rules if it intends to guarantee the long-term sustainability of its public debt.

Policy Brief: La politica di bilancio del governo Meloni
2023

La Nota di Aggiornamento del DEF (Nadef) e la bozza della Legge di Bilancio del Governo Meloni indicano obiettivi e programmi di politica economica sulla cui credibilità gravano varie ipoteche. Le difficili condizioni dell’economia internazionale e l’intrinseca debolezza della finanza pubblica italiana possono mettere in questione gli impegni dichiarati dal governo, con implicazioni per la stabilità finanziaria del paese.

The Meloni Government's Budgetary Policy
2023

Our analysis indicates that the budgetary documents presented by the Italian government are based on excessively optimistic forecasts regarding GDP growth, the effectiveness of budgetary measures and the revenues connected to privatizations. As a result, the very small projected decline in the public debt/GDP ratio is not likely.

Monetary Policy

Policy Brief: New EU Fiscal Rules in Light of Contract Theory: Improvements and Unsolved Problems
2024

The Council of the European Union (EU Council) agreed on a provisional set of new fiscal rules in its meeting on December 20, 2023, that introduces significant changes to the Commission’s proposals. The fiscal reform marks progress but is, at the same time, a lost opportunity.

wEUbinars

The Revised Stability and Growth Pact: A First Assessment
14/02/2024 - 14/02/2024
WEBINAR

The Council of the European Union agreed on a provisional set of new fiscal rules in its meeting on December 20, 2023, that introduces significant changes to the Commission’s proposals. The fiscal reform marks progress but is, at the same time, a lost opportunity.

With Marcello Messori (IEP@BU fellow) and Lucrezia Reichlin (LSE).