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Sergio Fabbrini

Sergio Fabbrini is a professor of political science and international relations and dean of the Political Science Department at LUISS Guido Carli in Rome. He is the Pierre Keller visiting professor in the Kennedy School of Government, Harvard University, for this academic year, 2019-20. His latest book is Europe’s Future: Decoupling and Reforming (Cambridge University Press, 2019).

Sergio Fabbrini

Fiscal regimes and equality among states

Sergio Fabbrini 17th June 2020

Amid talk of a ‘Hamiltonian moment’, the Next Generation EU recovery fund recalls a later US Treasury secretary as a fiscal union emerges.

The future of Europe is being decided now

Sergio Fabbrini 3rd April 2020

Given the ravages of the coronavirus crisis, the future of Europe cannot be one of permanent division between its northern and southern states.

Juncker: The Triumph Of Conventional Wisdom

Sergio Fabbrini 22nd September 2017

Finally, the European Commission has made itself heard. The speech by President Jean-Claude Juncker on the State of the Union elevated the tone of the European debate, raising issues which quite a few people had already swept under the carpet. For them (national political leaders and EU officials) the perfect storm has now passed. Since […]

After The Rome Declaration: A Union – Not A State

Sergio Fabbrini 4th April 2017

As was predictable, the Rome Declaration of 25 March 2017 (for the sixtieth anniversary of the Rome Treaties) ended up in an ambiguous compromise. Even Merkel’s wishes to introduce the principle of a multi-speed Europe into the Declaration was scaled down. The Declaration recites: “We will act together, at different paces and intensity where necessary, […]

The European Commission: The Celebration Of Confusion

Sergio Fabbrini 16th March 2017

The European Commission’s White Book on the future of Europe provides a modest and confused contribution to the discussion which should lead to the Statement of Rome on 25 March. Modest because there is no serious reflection on the causes of the European crisis, a crisis which has even led to the secession of an […]

Why We Should Be Wary Of Proposals To ‘Parliamentarise’ EU Decision-making

Sergio Fabbrini 10th August 2015

Strengthening the role of the European Parliament has often been proposed as a method for addressing the EU’s alleged democratic deficit. Sergio Fabbrini writes that while there are legitimate criticisms to be made about intergovernmental models of European integration, any attempt to create a system approximating national parliamentary democracy at the European level would be counter-productive. He […]

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#AskTheExpert webinar—Key ingredients for the future of work: job quality and gender equality

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The macroeconomic effects of re-applying the EU fiscal rules

Against the background of the European Commission's reform plans for the Stability and Growth Pact (SGP), this policy brief uses the macroeconometric multi-country model NiGEM to simulate the macroeconomic implications of the most relevant reform options from 2024 onwards. Next to a return to the existing and unreformed rules, the most prominent options include an expenditure rule linked to a debt anchor.

Our results for the euro area and its four biggest economies—France, Italy, Germany and Spain—indicate that returning to the rules of the SGP would lead to severe cuts in public spending, particularly if the SGP rules were interpreted as in the past. A more flexible interpretation would only somewhat ease the fiscal-adjustment burden. An expenditure rule along the lines of the European Fiscal Board would, however, not necessarily alleviate that burden in and of itself.

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Global Wage Report 2022-23: The impact of inflation and COVID-19 on wages and purchasing power

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This eighth edition of the report, The Impact of inflation and COVID-19 on wages and purchasing power, examines the evolution of real wages, giving a unique picture of wage trends globally and by region. The report includes evidence on how wages have evolved through the COVID-19 crisis as well as how the current inflationary context is biting into real wage growth in most regions of the world. The report shows that for the first time in the 21st century real wage growth has fallen to negative values while, at the same time, the gap between real productivity growth and real wage growth continues to widen.

The report analysis the evolution of the real total wage bill from 2019 to 2022 to show how its different components—employment, nominal wages and inflation—have changed during the COVID-19 crisis and, more recently, during the cost-of-living crisis. The decomposition of the total wage bill, and its evolution, is shown for all wage employees and distinguishes between women and men. The report also looks at changes in wage inequality and the gender pay gap to reveal how COVID-19 may have contributed to increasing income inequality in different regions of the world. Together, the empirical evidence in the report becomes the backbone of a policy discussion that could play a key role in a human-centred recovery from the different ongoing crises.


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The four transitions and the missing one

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