WP 2022-04. Exectutive Summary When the supply of money increases and the supply of goods remains the same, inflation occurs. Thus, inflation is a monetary phenomenon. We discuss the essence…
Publications
ECB Policymakers Run Out of Options; Antifragmentation Cannot BOTH Address Inflation AND Contain Spreads
When the history of the euro currency’s rise and decline in popularity is written, the month of June 2022 will be viewed as decisive. In June, the ECB committed to…
As emphasized in June, the law establishing the Italian universal-minimum-income programme (RdC) also puts the Ministry of Labor and Social Policies — the same authority that advocated its adoption —…
In January 2021 the UK left the EU single market and customs union, but, only eighteenth months on, some within Boris Johnson’s own party are starting to have second thoughts…
Capitalism Is Not Corporatism
In a poll administered in the US in 2020, 40 percent of individuals expressed a favorable view of socialism. This result is sharper for younger generations – 35 percent of…
WP 2022-03. Executive Summary We study the causal effects of household tax credits on the willingness to demand legally provided services using a survey experiment among 670 German home owners.…
WP 2022-02. Exectutive Summary Whether the household or the individual should be the appropriate unit for the assessment of taxation is contested in economics. We argue that the household should…
As part of the White House 2023 fiscal year budget, President Joe Biden announced the introduction of a new tax on the wealthiest Americans: the “Billionaire Minimum Income Tax.” The…
Is it possible to abolish poverty by one single law? The case of the Italian universal minimum income project
The idea of providing an unconditional income to everyone, regardless of whether «the person is rich or poor, lives alone or with others, is willing to work or not» (Van…
Corona bonuses for the public sector, mask vouchers for pensioners, and state-subsidized family vacations – feel-good policies are making a big comeback in the wake of the pandemic. However, the administrative, marketing, and procurement…

