Stefano Micossi

Non-resident Fellow
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Stefano Micossi
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Stefano Micossi is Advisor on strategies and policies, Assonime, a business association and think tank in Rome and Visiting Fellow at European University Institute; he was formerly Director General in Assonime (1999-2022) and a Director General in the European Commission (1995-99), director of economic research in Confindustria (1988-94) and an economist in the Research Department of the Bank of Italy (1973-88), where he rose to the rank of Director of International research; in 2016 he was appointed Honorary Professor at the College of Europe, after teaching there as visiting professor for almost twenty years

Italy&Europe

Policy Brief - Understanding the Italian Economy’s Growth Crisis
2024

The 1960s and 1970s acute industrial conflicts were at the root of the demise of large companies in the Italian economy, setting in motion a trend of reduction in company size that continued over the ensuing decades

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: The ECB Independence Under Threat
2024

ECB independence is inconsistent with the present overreach of the institution into the economic policies of the member states, a function for which the ECB is not accountable.