Falling T2 balances bode well for eurozone’s stability
Understanding the Greenium using a quantitative approach
12th April 2024
“New Frontiers in Risk Management” workshop
Sapienza Università di Roma
Marcello Minenna, Economist
See the video
Thinking beyond public debt
18th May 2023
Our readers largely know that Italy’s public debt burden is very high, both in absolute terms and in its debt-to-GDP ratio. But this ignores a significant amount of the debt landscape: when private nonfinancial debt is included, Italy doesn’t seem nearly as burdened. To set the stage, we should first take a look at how public debt has evolved over time in the EU.
Marcello Minenna, Economist
Read the article
A lesson for Italy from Germany’s debt management
February 13 2023
The Italian Parliament is still debating whether to ratify reform of the European Stability Mechanism (ESM). These deliberations highlight questions about the institution’s actual usefulness, particularly when public-debt crises hit large countries…
Marcello Minenna, Economist
Read the article
Austerity, raising rates and the increasing risk of a global recession
25th January 2023
The past few weeks have seen a tightening of the monetary policy stance of world central banks. Despite the prolonged decline in the price of oil and primary food goods, inflation continues to worsen in the core part (net of energy and food)…
Marcello Minenna
Read the article
The risk of a global food crisis are falling
Crude oil price could spike again in the fall: here’s why
Exiting Qe: a possible working strategy and its consequences