Publications

6 publications found, searching for 'Francesco Zezza '

• Working Paper No. 1082
  May 12, 2025

  Growth vs. Discipline: Italy’s Fiscal Dilemmas in a Stock-Flow Consistent Model

  Francesco Zezza and Gennaro Zezza
  Abstract

  This paper investigates the implications of the European Union’s revised fiscal governance framework for Italy, a country facing the dual challenge of high public debt and persistent economic stagnation. Using…more

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• Working Paper No. 1063
  December 03, 2024

  Fiscal and Monetary Policy in an SFC Model of the Italian Economy

  Francesco Zezza
  Abstract

  Following the Great Financial Crisis of 2008–9, there has been a shift in mainstream economic policy modeling toward “realism,” with dynamic stochastic general equilibrium (DSGE) models partly diverging from the…more

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• Working Paper No. 1005
  April 15, 2022

  A Prototype Regional Stock-Flow Consistent Model

  Gennaro Zezza and Francesco Zezza
  Abstract

  Starting from the seminal works of Wynne Godley (1999; Godley and Lavoie 2005, 2007a, 2007b), the literature adopting stock-flow consistent (SFC) models for two or more countries has been flourishing,…more

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• Strategic Analysis
  October 06, 2020

  When Will Italy Recover?

  Dimitri B. Papadimitriou, Gennaro Zezza, and Francesco Zezza
  Abstract

  Italy was the first European country to be impacted by COVID-19, rapidly overwhelming healthcare facilities in some areas and prompting the government to shut down nonessential economic activities, with an…more

  Download Strategic Analysis, October 2020 PDF (540.95 KB)
• Working Paper No. 958
  June 12, 2020

  A Stock-Flow Consistent Quarterly Model of the Italian Economy

  Gennaro Zezza and Francesco Zezza
  Abstract

  Macroeconomists and political officers need rigorous, albeit realistic, quantitative models to forecast the future paths and dynamics of some variables of interest while being able to evaluate the effects of…more

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• Working Paper No. 919
  January 16, 2019

  On the Design of Empirical Stock-Flow-Consistent Models

  Gennaro Zezza and Francesco Zezza
  Abstract

  While the literature on theoretical macroeconomic models adopting the stock-flow-consistent (SFC) approach is flourishing, few contributions cover the methodology for building a SFC empirical model for a whole country. Most…more

  Download Working Paper No. 919 PDF (1.23 MB)