Magdalen College, University of Oxford
Educated in Italy and at the Universities of London (LSE), Paris and Oxford. From 1966 to 1977 at the OECD’s Department of Economics and Statistics. In 1973-74 Japan Foundation Fellow at the Research Institute of the Economic Planning Agency, Tokyo. From 1977 to 2007, Fellow and Tutor in Economics at Magdalen College, University of Oxford. Since 2008 Emeritus Fellow.
At various stages, consultant to the World Bank, the OECD and member of the Academic Council of the IFO Institute, Munich, as well as Visiting Professor in various European universities. Has been a Member of the Board of Finmeccanica, is a Director of Oxford Economics and has lectured on world and European economic developments to various private sector corporations, including ABB, Anglo American, Arthur Andersen, FIAT, Ericsson, Generali, IBM, KPMG, Pirelli, Siemens, Stora Enso, etc.
The European Economy: Things Look Good Just Now. Can This Last?
Tuesday, 6 March, 2018
Growth has strengthened in Europe over the last year or so. Eastern Europe is booming and the Eurozone is doing well. Only the UK is somewhat held back by Brexit-related problems. What could interrupt this broad-based recovery ? A return of inflation and tighter monetary policy look unlikely. Trade wars, unleashed by Trump, are similarly improbable. Wall Street may well suffer a correction, but the effects of this on Europe should be limited. Shocks are always possible (the Middle East and oil, the dollar, political populism, etc.), but barring such events, growth should continue.