
Lucio R. PenchEuropean Commission | ec
Lucio R. Pench
Master of Arts
About
14
Publications
1,191
Reads
How we measure 'reads'
A 'read' is counted each time someone views a publication summary (such as the title, abstract, and list of authors), clicks on a figure, or views or downloads the full-text. Learn more
312
Citations
Introduction
Skills and Expertise
Publications
Publications (14)
This presentation provides an overview of the two main weakenesses of the Italian economy: high public debt and weak productivity dynamics.
This paper presents the fiscal implications of the crisis within a European context and suggests improvements to the EU fiscal framework in the light of the lessons learnt from financial crises and the consequences that these might have on fiscal sustainability, particularly given the ageing of the European population over the coming years. Indeed...
The report provides an overview
of the current developments, looking at recent outcomes and both the Commission services' and the
Member States' own projections for the public finances. This provides the background to discuss the
proposed reform to economic and budgetary surveillance which is currently nearing the end of the
adoption process and wh...
Our comment discusses the chapter by Juergen vn Hagen and Charles Wyplosz on EMU's decentralized system of fiscal policy. We argue that while both proponents and crictics of a common insurance mechanism for the euro area may find ammunition in their chapter to confirm their deeply held preferences, proponents may have a hard time to push aside von...
Summary for non-specialistsThe global financial crisis has led to a sharp deterioration of EU countries' public finances. Views are split regarding the most appropriate consolidation strategy to follow, in particular considering: the timing of fiscal consolidation in relation to the path of economic recovery reflecting (a) the trade-off between con...
This paper examines the benefits of co-ordination in EMU in a stylised manner and how these benefits have shaped the co-ordination framework in EMU. It then discusses in detail the co-ordination experience in four areas that are particularly important for the functioning of EMU: (i) fiscal policy co-ordination under the Stability and Growth Pact (S...
The present paper aims at contributing to the literature on children welfare evaluation by taking into account for intra-household distribution of resources and, as a consequence, intra-household inequality. This task cannot be accomplished within the standard framework of unitary model of consumption, and equivalence scales helps only partially, s...
Several studies have documented the weak response of regional wages differentials and labour mobility following region-specific ("idiosyncratic") shocks in the average of the EU countries. This has been often taken as evidence of the rigidity of labour markets in European countries, as opposed to the flexbility of the USA. However, as such shocks b...
The papers approach the issue of sustainability reporting from different angles. The paper by Eych and the paper by Kastrop and Velleuer analyse the experience with sustainability reporting in the United Kingdom and in Germany, respectively. The paper by Biraschi et al. does not deal with sustainability reporting in Italy as such but presents a sen...
* These papers approach the issue of taxation and the labour market from different angles. The paper by Martinez-Mongay and the paper by Gokhale and Kotlikoff elaborate indicators of the fiscal burden on labour, based, respectively, on a macroeconomic, "backward looking" approach and a microeconomic, "forward-looking" one. The paper by Nødgaard and...