Luigi Bonatti

Luigi Bonatti è docente di Politica Economica presso l'Università di Trento.

Author's titles

High Inflation: Is It the New Challenge for the Main Central Banks? digital

Year: 2022

In this study, we briefly review the macroeconomic theory of inflation, relating it to the recent developments in advanced economies. Then, we analyse the drivers of the rise in inflation observed in 2021 in the United States and in Europe, and we illustrate the factors that may affect the inflationary scenario of the advanced economies in the longer term...

€ 6.00

Is immigration necessary for Italy? Is it desirable? digital

by Luigi Bonatti

Year: 2019

A peculiarity of the Italian socio-economic model is the pathological coexistence of migrants undertaking low value-added activities with a large number of natives out of employment (particularly in the South).

€ 6.00

Anemic Economic Growth in Advanced Economies: Structural Factors and the Impotence of Expansionary Macroeconomic Policies digital

by Luigi Bonatti

Year: 2017

This paper assesses the role of some structural factors in determining the current anemic growth of the advanced economies, especially focusing on Southern Europe. It discusses what macroeconomic policies can do for reviving growth and illustrates some hypotheses...

€ 6.00

The costs of rebalancing the China-US co-dependency digital

by Luigi Bonatti, Andrea Fracasso

Year: 2012

ABSTRACT The global crisis has revived the growth-rebalancing debate, backing the position of those advocating a fast reduction of the imbalances between the US and China. By means of a two-country two-stage growth model reproducing the main qualitative features of the Sino-American co-dependency, we analyze alternative (medium- and long-term) scenarios for its evolution. We show that altering the Chinese exchange rate policy and down-sizing the US external deficits with a view to moving the production of tradables toward the US may imply relevant costs: the emergence of structural unemployment in the US and a slow-down in the process whereby the Chinese labor force is gradually absorbed in the modern sectors of the economy. KEYWORDS: growth-rebalancing, global imbalances, structural unemployment. JEL Classification: E42, F33, F41, F43, O41.

€ 6.00