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Articles by Lucio Baccaro
LE RIFORME DI MERZ | “Nessun freno alla crescita di AfD e un rischio per l’Europa”
Il Governo Merz ha varato un pacchetto di 34 riforme che rischia di essere inefficace contro la crisi e contro l'avanza di AfD A poco più di un anno dal suo insediamento, e dopo aver varato un mega-piano di investimenti da 1.000 miliardi di euro in dieci anni nella difesa, nelle infrastrutture e nella transizione energetica, il Governo Merz ha presentato un pacchetto di 34 riforme, contenente, tra le altre cose, sgravi fiscali, aumento dell’età pensionabile, misure anti-assenteismo e maggior...
CRISI GERMANIA/ Le strategie (e gli errori) di Merz non aiutano l'economia tedesca e l'Ue
L'economia tedesca fatica a uscire dalla stagnazione e le misure messe in campo finora non sembrano essere efficaci Dopo due anni chiusi in negativo (-0,3% nel 2023 e -0,2% nel 2024), secondo la stima di Destatis il Pil della Germania nel 2025 è cresciuto dello 0,2%. I problemi dell’economia tedesca, tuttavia, sono tutt’altro che risolti, come conferma il calo della produzione industriale di dicembre (-1,9% congiunturale e -0,6% tendenziale).
L’Europa schiacciata tra tecnocrazia e austerità
Ayuda Buscar en la ayuda Buscar en la ayuda L’Europa schiacciata tra tecnocrazia e austerità [1] Istituto Max Planck per la Ricerca Sociale di Colonia Localización: MicroMega, ISSN 0394-7378, Nº. 1, 2025 (Ejemplar dedicado a: Fine del sogno europeo?) Idioma: italiano Texto completo no disponible (Saber más ...) Resumen “Fine del sogno europeo?”. Lucio Baccaro per l'”A più voci”
Preferences for growth strategies in advanced democracies: A new ‘representation gap’?
Introduction Growth is a key outcome for democratic capitalism as it increases its stability and governability. Furthermore, growth improves the politicians’ chances of re-election (Bellucci & Lewis-Beck, 2011; Lewis-Beck & Stegmaier, 2013). A new theoretical framework in the comparative political economy thus puts growth at the centre of analysis (Baccaro & Pontusson, 2016; Baccaro et al., 2022; Hassel & Palier, 2021).
DALLA GERMANIA/ "Il Patto di stabilità è stato imposto all'Europa dal 5% degli elettori tedeschi"
Un dazio ideologico pagato alla salvaguardia dell’austerità fiscale tedesca. E una (nuova) recessione alle porte. È la sintesi di Lucio Baccaro, sociologo ed economista, direttore dell’Istituto Max Planck per lo studio delle società (Max Planck Institut für Gesellschaftforschung, MPIfG) con sede a Colonia. Per capire cosa è successo nella trattativa sul Patto di stabilità e crescita (PSC), del quale, va detto, si aspettano ancora importanti dettagli, occorre andare in Germania.
The Dollarization Threat
The results of Argentina’s first round elections on October 22 again defied expectations. Conservative former security minister and election favorite Patricia Bullrich came in third place, knocking her out of the running for the presidency, which will be decided on November 19 at a runoff election between the current Peronist finance minister Sergio Massa and the far-right economist Javier Milei.
I limiti della “sinistra culturale”
IdiomacatalàDeutschEnglishespañoleuskarafrançaisgalegoitalianoportuguêsromână
Beyond varieties of capitalism: a growth model approach
Mark Blyth, Lucio Baccaro and Jonas Pontusson explain the concept of national ‘growth models’, drawn from their recent book Diminishing Returns: The New Politics of Growth and Stagnation, highlighting how the concept can help us make sense of recent UK economic and political developments. The Liz Truss debacle has many interpretations. Was it an example of the ‘structural dependence of the state on capital’ as capital took flight and the pound crashed?
Italy’s Never-Ending Crisis | Lucio Baccaro
On September 25, Italians will be called to elect a new Parliament. The snap election follows on the heels of the collapse of the government in late July and the resignation of former European Central Bank (ECB) President Mario Draghi.
The role of wages in the Eurozone
Acknowledgements We thank Aidan Regan, Alison Johnston, Anke Hassel, Charles Wyplosz, Christian Breunig, Erik Jones, Federico Ferrara, Fritz Scharpf, Jason Beckfield, Jonas Pontusson, Klaus Armingeon, Martin Höpner, Thomas Sattler, participants at presentations in Bologna, Cologne, Glasgow, and Konstanz, and two anonymous reviewers at the Review of International Political Economy.
Everyone thinks that Germans oppose 'coronabonds.' Our research shows how they're wrong.
Lucio Baccaro, Björn Bremer and Erik Neimanns, The Washington Post Published 9:40 am CDT, Tuesday, April 21, 2020 The covid-19 pandemic is plausibly the biggest challenge to Europe's economies since the Great Depression. The coronavirus is hurting all European countries at the same time - but with differing economic fallout. Countries such as Germany and the Netherlands can easily borrow money to respond to the crash.
Everyone thinks that Germans oppose 'coronabonds.' Our research shows how they're wrong.
The covid-19 pandemic is plausibly the biggest challenge to Europe's economies since the Great Depression. The coronavirus is hurting all European countries at the same time - but with differing economic fallout. Countries such as Germany and the Netherlands can easily borrow money to respond to the crash. But countries like Italy and Spain fear that their bond yields - the price they pay to borrow money - will spike if they increase their public debt. Are common European bonds a possible solution?
Analysis | Everyone thinks that Germans oppose ‘coronabonds.’ Our research shows how they’re wrong.
The covid-19 pandemic is plausibly the biggest challenge to Europe’s economies since the Great Depression. The coronavirus is hurting all European countries at the same time — but with differing economic fallout. Countries such as Germany and the Netherlands can easily borrow money to respond to the crash. But countries like Italy and Spain fear that their bond yields — the price they pay to borrow money — will spike if they increase their public debt. Are common European bonds a possible solution?
Expect the new Italian government to be as short-lived as the last one
In early August, right-wing nationalist Matteo Salvini, leader of the anti-immigrant Lega party, pulled out of the center-right populist government coalition, asking for new elections in late September. Echoing Benito Mussolini, Salvini demanded "full power" - meaning the premiership and full control of the parliament. Many people think that his move backfired. Elections are not taking place, and a new government has formed and replaced Salvini's coalition in office.
The new Italian government will likely be as short-lived as the last Italian government. Here’s why.
Right-wing nationalist Matteo Salvini may be out of power — but he’s likely to be back. When leader Matteo Salvini pulled his Lega party out of government, things didn’t go as he expected. (Filippo Monteforte/AFP/Getty Images) September 10 at 7:00 AM In early August, right-wing nationalist Matteo Salvini, leader of the anti-immigrant Lega party, pulled out of the center-right populist government coalition, asking for new elections in late September.
Hohe Schulden: Der wahre Grund für Italiens Misere
Zwischen Italienern und anderen Europäern gibt es einige Missverständnisse, was Staatshaushalte angeht. Auch wenn der jüngste Streit mit der EU-Kommission einen Kompromiss gefunden hat, ist man von einem gegenseitigen tiefen Verständnis weit entfernt. Selbst EU-Kommissar Valdis Dombrovskis nennt den Kompromiss „nicht ideal“, und sein Kollege Günther Oettinger beschwert sich über eine laxe Haushaltsdisziplin in Italien. Das Missverständnis reicht tief.
Political Economy of the Sovereign Debt Crisis: The Limits of Internal Devaluation
This article makes three interrelated arguments: first, the sovereign debt crisis is more complex than a simple story about fiscally irresponsible governments which now are being forced by international financial markets to tighten their belts. Ultimately, it is the result of a political decision to create a currency union among economically non-homogenous countries without making any provision for the use of democratically legitimated fiscal transfers to correct asymmetric shocks.
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