Andrea Fracasso
Andrea Fracasso joined the Department of Economics of the University of Trento as Assistant Professor in March 2006. He holds a B.A. in Economics (Trento), a MSc in Economics (York, UK), a DEA and a Ph.D in International Economics from The Graduate Institute of International Studies, Geneva, Switzerland
E-Mail:andrea.fracasso(at)unitn.it
Università degli Studi di Trento
Via Inama 5, 38122 Trento - Italia
Personal webpage at the University of Trento
Position
Assistant Professor of Economic Policy (March 2006 - today)
Department of Economics & School of International Studies, University of Trento, Italy
Education
- Ph.D. in International Economics, The Graduate Institute of International Studies, Geneva, Switzerland 2003 - 2007, (with Distinction)
- DEA (MA) in International Economics, The Graduate Institute of International Studies, Geneva, Switzerland 2001-2003
- M.Sc. in Economics, University of York, York, UK 2000-2001
- B.A. in Economics (Economia Politica), Magna cum laude, University of Trento, Trento, Italy 1994-1998
Research and publications
Areas of specialization
International Economics, Global Imbalances, Monetary Economics, Globalization and global economic governance, European EconomyMain Publications
- Flamini A., Fracasso A., 2011, ''Household’s Preferences and Monetary Policy Inertia'', Economics Letters, 111(1), 64-67, April
- Alcidi C., Flamini A., Fracasso A., 2011, "Policy regime changes, Judgment and Taylor rules in the Greenspan era", Economica, 78 (309), 89-107, January
- Bonatti L., Fracasso A., 2010, "Global Rebalancing and the Future of the Sino—US Codependency", China & World Economy, 18(4), 70-87
- Ceva E., Fracasso A., 2010, "Seeking
mutual understanding: a discourse theoretical analysis of the WTO
dispute settlement system", World Trade Review, 9(3), 457–485
- Fracasso A., Schiavo S., 2009, "Global Imbalances, Exchange Rates Adjustment and the Crisis: Implications from Network Analysis", Journal of Policy Modeling, 31(5), 601-619
- Targetti F., Fracasso A, 2008, "Le sfide della globalizzazione. Storia, politiche e istituzioni", Francesco Brioschi Editore , Milano. p.608 Prefazione di Axel Leijonhufvud. (2a ristampa 2009)
- Fracasso A., Ozkan G., 2004, "Fiscal Policy, Labour Market Structure and Macroeconomic Performance", Economics letters, 83(2), 205-210
- Fracasso A., Wyplosz C., Genberg H., 2003, "How do central banks write?", IMCB-CEPR, Geneva Reports on the World Economy, Special Report, v. 2, ISBN 1 898128 76 6.
Indice, Aggiornamenti (Febbraio 2009), Recensioni, Premio Capalbio 2008 (Economia)
Working papers
- Trade network and international R&D spillovers, (with G. Vittucci Marzetti), 2011, Openloc Working paper 3/2011, revised version available here
- Taking Keller seriously: trade and distance in international R&D spillovers, (with G. Vittucci Marzetti), Department of Economics, Discussion Papers, n 6/2011, University of Trento, 2011
- Rebalancing the China-US co-dependency: Will China go on buying US financial assets? (with Luigi Bonatti), March 2011, preliminary version - Online Appendix
- The future of the Sino American Co-dependency, (with L. Bonatti), Department of Economics, Discussion Papers, n 6/2010, University of Trento, 2010
- The China-US co-dependency and the elusive costs of growth rebalancing, (with L. Bonatti), Department of Economics, Discussion Papers, n 4/2010, University of Trento, 2010
- The evolution of the Sino-American Co-dependency: modelling a regime switch in a growth setting, (with L. Bonatti), Department of Economics, Discussion Papers, n 5/2009, University of Trento, 2009
- Household’s Preferences and Monetary Policy Inertia, (with A. Flamini), Sheffield Economic Research Paper Series 2009002, February 2009 (revised version in July 2009)
- Seeking mutual understanding. A discourse theoretical analysis of the WTO dispute settlement system (with E. Ceva) Working paper LPF, 1/2009, Centro Einaudi, Torino
- Trade-imbalances networks and exchange rate adjustments: the paradox of a new Plaza" (with S. Schiavo), Department of Economics, Discussion Papers, n 24/2008, University of Trento, 2008
- 'Taylored' rules: does one fit (or hide) all?, (with C. Alcidi and A. Flamini),(updated version) Keele Working papers n. 06/2007
- Taking stock: global imbalances. Where do we stand and where are we aiming to?, Department of Economics Discussion Papers, n 30/2007, University of Trento, 2007
- The role of foreign and domestic factors in the evolution of the Brazilian EMBI spread and debt dynamics, HEI Working papers, n. 22/2007
- 'Taylored' rules: does one fit (or hide) all?, (with Cinzia Alcidi and Alessandro Flamini), HEI Working Papers 2005
- 'Caratteristiche e problemi di una banca centrale inserita in un paese federale: l’esperienza americana, canadese, tedesca e svizzera', Collana Tesi di Laurea, n 1 2000, Università di Trento
Work in progress
- Global imbalances; growth rebalancing (with L. Bonatti - Department of Economics, Univ. of Trento)
- R&D spillovers and trade (with G. Vittucci Marzetti - Department of Sociology ad Social Research, Univ. of Milan-Bicocca)
- Financial constraints (with S. Schiavo - Department of Economics, Univ. of Trento)
- Interest rate smoothing (with A. Flamini, Univ. of Pavia)
Teaching
Current Teaching
School of International Studies (2011/2012)
- The Economics of European Integration (Master - Magistrale SEI)
Faculty of Economics (2011/2012)
- Applied International Economics (Magistrale MEC), also with Stefano Schiavo
- International (Macro)Economics (PhD), also with Luigi Bonatti
Previous Teaching
School of International Studies (2009/2010, 2010/2011)
- The Economics of European Integration (Magistrale SEI) - syllabus
Faculty of Economics (2008/2009, 2009/2010, 2010/2011)
- International trade and competitiveness (Magistrale MIM), also with Maria Luigia Segnana
- Financial market and economic activity (Magistrale MIM), also with Roberto Tamborini
- International Economics (for students with major in economics)
- International Economics (for students of with major in other subjects economics)
- Laboratorio 1
Centro Studi Europeo Jean Monnet, Univ Trento (2007)
- L'Unione Europea come luogo di produzione e di mercato
Teaching assistantship
Faculty of Economics , Univ Trento (2000) - Politica Economica (Undergraduate)Awards, prizes, fellowships and scholarships
2012 Jemolo Fellowship - Nuffield College, University of Oxford (UK), July-September
2008 Premio Capalbio for the book "Le sfide della globalizzazione" (with F. Targetti), July
2006 Best poster award at the Poster session of EC2 Conference in Rotterdam, December
2005-2006 Scholarship granted by the Graduate Institute of International Studies, Geneva
2000-2003 Study abroad Scholarship granted by the Fondazione Caritro, Trento
Selected presentations
· 2012 Annual Meeting, Allied Social Sciences Association, Chicago, IL (USA), 5-8 January 2012 · 16th World Congress, International Economic Association, Beijing (China),4-8 July 2011
· 10th Conference, European Economic and Finance Society, Queen Mary University, London, UK, 10-11 June 2011
· Royal Economic Society Annual Conference, Royal Holloway University, London, UK 18 April 2011
· 51th Annual Conference, Società Italiana degli Economisti, Catania, Italy, 15 October 2010
· BREAD Summer Workshop in Development, Canazei, Italy, August 2010
· 36th Annual Conference, Eastern Economic Association, Philadelphia, PA (USA), 26-28 February 2010
· XXI Villa Mondragone International Economic Seminar, Rome, Italy, 24-25 June 2009
· Max Weber Programme at the European University Institute, Florence, Italy, 6 May 2009
· XIV Spring Meeting of Young Economists, Istanbul, Turkey, 23-25 April 2009;
· ASSET, University of Padova, Italy, 1-3 November 2007
· Annual Meeting of the Swiss Society of Economics and Statistics, University of St. Gallen, Switzerland, 22-23 March 2007
Op-eds and other publications
"La riforma della governance europea: passi avanti su una strada ancora più in salita", www.nelmerito.com, 19 Novembre 2010
"Che differenza c'è tra la Grecia e la California", con R. Tamborini, www.nelmerito.com, 19 Febbraio 2010
"Le dollar nous portera", www.nelmerito.com, 18 Novembre 2009
"L'economia globale dopo la crisi. Uguale a prima, ma non come prima?", www.nelmerito.com, 8 Luglio 2009
"Il governo americano Buy American. E gli altri?", www.nelmerito.com, 5 Marzo 2009
"Dis-accordi di cambio: il Dollaro e gli squilibri commericali", con S. Schiavo, www.nelmerito.com, 9 Gennaio 2009
"Paesi emergenti, FMI e riforma della governance", www.nelmerito.com, 11 Dicembre 2008
"Imprese verdi o imprese ' al verde' ?", con S. Schiavo, www.nelmerito.com, 28 Novembre 2008
"Il ritorno dell'inflazione globale. Rischi e dilemmi.," www.nelmerito.com, 25 Luglio 2008
"La riforma della governance del FMI" , www.nelmerito.com e AffarInternazionali, 17 Luglio 2008
"Problemi della globalizzazione e necessità di governance dell'economia" , www.nelmerito.com & "Il riformista", 30 Maggio 2008.
“ Le molteplici cause di una crisi annunciata ” con S. Schiavo, www.nelmerito.com and AffarInternazionali, Aprile 2008
Administrative duties
Member of the coordinating committee of the Two year master degree (Laurea Specialistica/Magistrale) in European and International Studies, at the School of International Studies, University of Trento (2006-today)
Member of the Graduate School Committee of the PhD Programme in International Studies, at the School of International Studies, University of Trento (2007-today)
- A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.
- (Mark Twain)
The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than commonly understood. Indeed the world is governed by little else. Practical men, who believe themselves exempt from any intellectual influence, are usually the slaves of some defunct economist.
(John Maynard Keynes)
Capitalism, based on greed, private property rights and decentralised decision making, is both cyclical and subject to bouts of financial manic-depressive illness. There is no economy-wide auctioneer, no enforcer of systemic 'transversality conditions' to rule out periodic explosive bubble behaviour of asset prices in speculative markets. It's unfortunate, but we have to live with it. The last time humanity tried to do away with these excesses of capitalism, we got central planning, and we all know now how well that worked. Hayek and Keynes were both right. Regulation should try to curb some of the more egregious excesses of a decentralised capitalist market economy, but without killing the goose that lays the golden eggs.
(William H. Buiter)