In the context of the EMPN project, my research focuses on fiscal and monetary policy, energy and trade vulnerability, and territorial and structural divides, at both the Italian and European level.
I am also interested in designing and implementing empirical stock-flow consistent models, to be used for medium-term macroeconomic policy scenario analysis.
Publications
Journals
- J. Reljic, F. Zezza (2024). Breaking the Divide: Can Public Spending on Social Infrastructure Boost Female Employment in Italy?. Economic Modelling, 143, 106974
- P. Heimberger, L. Welslau, B. Schutz, S. Gechert, D. Guarascio, F. Zezza (2024). Debt Sustainability Analysis in Reformed EU Fiscal Rules: The Effect of Fiscal Consolidation on Growth and Public Debt Ratios. Intereconomics, 59 (5), pp: 1-8
- F. Zezza, D. Guarascio (2023). Fiscal policy, public investment and structural change: a P-SVAR analysis on Italian regions. Regional Studies, 58(6), 1356–1373.
- G. Celi, D. Guarascio, J. Reljic, A. Simonazzi, F. Zezza (2022). The Asymmetric Impact of War: Resilience, Vulnerability and Implications for EU Policy. Intereconomics, 57 (3), pp: 141-147.
- F. Zezza, G. Zezza (2022). A prototype regional stock-flow consistent model. Metroeconomica, 74 (2), pp: 266-287.
- R. Canelli, R. Realfonzo, F. Zezza (2022). An empirical Stock-Flow Consistent regional model of Campania, Papers in Regional Science, 101 (1), pp: 209-257
- G. Zezza, F. Zezza (2019). On the design of empirical stock-flow consistent models. European Journal of Economics and Economic Policy: Interventions, Vol.16(1), 2019, pp.134-158
Book chapters - Celi G., Guarascio D., Zezza F. (2024). From Miracle to Decline Italy’s long-term development trajectory between core and periphery. In: Glassman U, Gräbner C (eds) The Political Economy of Italy and the Center-Periphery Perspective on Europe. Metropolis Press, pp 81–108
- G. Zezza, F. Zezza (2022). A Stock-Flow Consistent Quarterly Model of the Italian Economy. In M. Byrialsen, H. Raza, and F. Olsen (eds) “Macroeconomic Modelling, Economic Policy and Methodology”, Routledge.
Working papers
F. Zezza (2024). Fiscal and Monetary Policy in an SFC Model of the Italian Economy, Levy Economics Institute Working Paper no.1063, December 2024
D. Guarascio, P. Heimberger, F. Zezza (2023). The Euro Area’s Achilles Heel: Reassessing Italy’s Long Decline in the Context of European Integration and Globalisation. wiiw Research Report No. 470