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410:, in situations where government reduction in spending is offset by greater increases in aggregate demand (private consumption, private investment and exports). A credible fiscal consolidation would reduce private actors' uncertainty and lower the risk premium. Assuming that
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from 2003 until his death in 2020. He was known principally as an economist of politics and culture, and was famed for his usage of economic tools to study social and political issues. He was described as having “almost single-handedly” established the modern field of
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and others have cast doubt on the methodological underpinning of
Alesina's work, and conclude that the evidence is more likely to suggest a contractionary effect of fiscal consolidation. However, Alesina along with
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of economics and government from 1993 to 2003, and the
Nathaniel Ropes Professor of Political Economy from 2003 till his death in 2020. He chaired the Department of Economics at Harvard between 2003 and 2006.
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published "Large
Changes in Fiscal Policy: Taxes Versus Spending", a widely-cited academic paper aimed at showing that fiscal austerity measures did not hurt economies, and actually helped their recovery.
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On 23 May 2020, while hiking with his wife, Susan, Alesina died; the cause was diagnosed as a heart attack. In 2021, Harvard
University renamed its Seminar on Political Economy in Alesina's honor.
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in June 2013, in which he noted the influence of pro-austerity articles authored by
Alesina and his supporters, and described the work of the “Bocconi Boys” as "a full frontal assault on the
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461:) had produced above-average economic growth and stronger economic performance than had been predicted by the IMF, and argued that spending cuts were a more effective way to reduce the
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2013. "On the
Origins of Gender Roles: Women and the Plough" (with Paola Giuliano and Nathan Nunn), Quarterly Journal of Economics. 2013; 128 (2) : 469–530.
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Helgadóttir, Oddný (15 March 2016). "The
Bocconi boys go to Brussels: Italian economic ideas, professional networks and European austerity".
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Favero, Carlo; Giavazzi, Francesco; Giuliano, Paola; La
Ferrara, Eliana; Tabellini, Guido (2024), Cord, Robert A. (ed.),
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2004. "Inequality and
Happiness: Are Europeans and Americans Different?" (with Rafael Di Tellab and Robert MacCulloch),
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206:(29 April 1957 – 23 May 2020) was an Italian economist who was the Nathaniel Ropes Professor of Political Economy at
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hold, actors' expected future wealth would increase and induce them to consume more. In
October 2009, Alesina and
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Alesina's work covered a variety of topics at the confluence of politics, sociology, and economics, including:
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Alesina, Alberto F.; Ardagna, Silvia (October 2009). "Large Changes in Fiscal Policy: Taxes Versus Spending".
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2010. "Large Changes in Fiscal Policy: Taxes versus Spending" (with Silvia Ardagna), in J. R. Brown, ed.,
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in 1957. His father was an engineer and industrial manager, and his mother was a teacher. He attended a
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1993. "Central Bank Independence and Macroeconomic Performance: Some Comparative Evidence" (with
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2016. "Birthplace Diversity and Economic Prosperity" (with Johann Harnoss and Hillel Rapoport),
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2015. "The Output Effect of Fiscal Consolidations" (with Carlo Favero and Francesco Giavazzi),
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1996b. "Income Distribution, Political Instability, and Investment," (with Roberto Perotti),
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in 1993, and founded its Political Economy Program in 2006. He was a co-editor of the
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proposition that cutting spending in a weak economy produces further weakness".
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2016. "Ethnic Inequality" (with Stelios Michalopoulos and Elias Papaioannou),
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2000b. "Participation in Heterogeneous Communities" (with Eliana La Ferrara),
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2005b. "Ethnic Diversity and Economic Performance" (with Eliana La Ferrara),
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1995. "The Political Economy of Budget Deficits" (with Roberto Perotti), IMF
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published counterarguments that suggested some austerity programmes (such as
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From 1986 to 1987, Alesina was a postdoctoral fellow in political economy at
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1606:"È morto Alberto Alesina, economista italiano che ha conquistato Harward"
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Devries, Pete; Guajardo, Jaime; Leigh, Daniel; Pescatori, Andrea (2011).
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2005a. "International Unions" (with Ignazio Angeloni and Federico Etro),
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Stock Exchange Of Visions: Visions of Alberto Alesina (Video Interviews)
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1987. "Macroeconomic Policy in a Two-Party System as a Repeated Game,"
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1994. "Distributive Politics and Economic Growth" (with Dani Rodrik),
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Alesina, Alberto; Favero, Carlo A; Giavazzi, Francesco (March 2018).
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2002b. "Fiscal Policy, Profits, and Investment" (with Silvia Ardagna
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2000a. "Who Gives Foreign Aid to Whom and Why?" (with David Dollar),
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1996a. "Political Instability and Economic Growth" (with Sule Özler
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Macroeconomics:Institutions, instability, and the financial system
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1997. "On the Number and Size of Nations" (with Enrico Spolaore),
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1999. "Public Goods and Ethnic Divisions" (with Reza Baqir &
433:, who published "How the Case for Austerity Has Crumbled" in the
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of economics and government between 1987 and 1993, the Paul Sack
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Alberto Alesina talks about his new book, "The Future of Europe"
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1991. "Why Are Stabilizations Delayed?" (with Allan Drazen),
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Alesina, Alberto; Favero, Carlo; Giavazzi, Francesco (2019).
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Fighting Poverty in the US and Europe: A World of Difference
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Alesina’s advocacy of austerity was strongly criticised by
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in economics in 1986. His doctoral adviser at Harvard was
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Trebbi, Francesco; Washington, Ebonya L (31 March 2023).
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Harvard Faculty of Arts and Sciences (2 February 2022).
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2003. "Fractionalization" (with Arnaud Devleeschauwer
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Partisan Politics, Divided Government and the Economy
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Fellows of the American Academy of Arts and Sciences
1531:"A New Action-Based Dataset of Fiscal Consolidation"
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1462:. USA: Oxford University Press. pp. 528–530.
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1006:"Silvana Tenreyro awarded the Carl Menger Prize"
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255:in 1981. He then went on to graduate study at
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391:The determination of the choice of different
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1427:Austerity: When It Works and When It Doesn't
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294:Alesina became a research associate at the
286:of Political Economy from 1991 to 1993, a
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1657:Alberto Alesina at CSA Celebrity Speakers
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1508:"How the Case for Austerity Has Crumbled"
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1429:. Princeton University Press. p. 5.
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1266:"Program Report: Political Economy, 2023"
679:NBER Macroeconomics Annual 1988, Volume 3
568:, and chapter-preview links via "select"
520:Designing Macroeconomic Policy for Europe
217:Nobel Memorial Prize in Economic Sciences
1190:"Tribute to Alberto Alesina (1957-2020)"
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635:by adding descriptive text and removing
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304:between 1998 and 2004. He was elected a
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981:"Alberto Alesina, economist, 1957-2020"
577:The Future of Europe: Reform or Decline
363:The political-economic determinants of
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1506:Krugman, Paul (6 June 2013).
1355:10.1080/13501763.2015.1106573
1139:. 28 May 2020. Archived from
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936:, vol. 124(2), pages 428-488
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884:2007:3. "Political Economy,"
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27:Italian economist (1957–2020)
1512:The New York Review of Books
1475:NBER Working Paper No. 15438
1188:Gopinath, Gita (June 2020).
1081:10.1007/978-3-031-52053-2_41
952:, vol. 21(2), pages 101-138
933:Journal of Political Economy
805:2002a. "Who Trusts Others?"
227:Alberto Alesina was born in
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1194:International Monetary Fund
1167:IZA Discussion Paper Series
854:Journal of Public Economics
807:Journal of Public Economics
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416:permanent income hypothesis
406:. He argued that austerity
274:. He joined the faculty of
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1741:Harvard University faculty
1612:(in Italian). 24 May 2020.
1236:Mineo, Liz (27 May 2020).
1106:Mineo, Liz (27 May 2020).
949:Journal of Economic Growth
901:Tax Policy and the Economy
843:Journal of Economic Growth
785:Journal of Economic Growth
737:Journal of Economic Growth
384:The effect of alternative
272:Carnegie Mellon University
1736:Harvard University alumni
1716:Bocconi University alumni
958:10.1007/s10887-016-9127-6
920:, vol 96, pages S19-S42.
400:Great Recession in Europe
352:The political economy of
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435:New York Review of Books
1672:Web site of LaVoce.info
1295:The Econometric Society
637:less pertinent examples
192:IDEAS / RePEc
860:(close Bookmarks tab).
259:, where he received a
251:, where he received a
239:, before enrolling at
1667:Web site of Voxeu.org
1652:Harvard Faculty page.
492:Description & TOC
472:Selected publications
412:Ricardian equivalence
1566:8 March 2021 at the
831:7 March 2012 at the
546:and chapter-preview
512:and chapter-preview
465:than tax increases.
388:on economic policies
381:in the US and Europe
374:in the US and Europe
341:European integration
1243:The Harvard Gazette
1216:The Harvard Gazette
1143:on 10 January 2024.
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1010:Deutsche Bundesbank
696:Lawrence H. Summers
633:improve the article
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540:The Size of Nations
408:can be expansionary
377:Differences in the
370:Differences in the
310:Econometric Society
284:Associate Professor
280:assistant professor
1403:10.1093/isq/sqx010
1012:. 3 September 2018
813:(close Pages tab).
581:Francesco Giavazzi
459:the one in Britain
451:Francesco Giavazzi
276:Harvard University
257:Harvard University
241:Bocconi University
208:Harvard University
152:Bocconi University
143:Harvard University
133:Harvard University
100:Harvard University
96:Bocconi University
1761:People from Broni
1535:IMF Working Paper
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1039:"ALBERTO ALESINA"
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1681:ThoughtCast!
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619:may contain
618:
589:Introduction
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1696:1957 births
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560:). Oxford.
544:Description
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354:immigration
188:Information
129:Institution
83:23 May 2020
1690:Categories
1633:9 November
1590:10 January
1300:14 January
1291:"Memoriam"
1275:11 January
1249:24 October
1117:10 January
1048:. May 2020
990:10 January
964:References
845:, 8(2), p
787:, 5(1), p
779:1243–1284.
690:1170–1188.
625:irrelevant
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1479:CiteSeerX
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754:Abstract.
645:June 2020
621:excessive
534:, London.
439:Keynesian
349:countries
347:inflation
316:in 2006.
245:economics
243:to study
92:Education
1564:Archived
880:762–800.
829:Archived
826:571–589.
764:pp. 1027
627:examples
600:Articles
496:preview.
414:and the
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177:students
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163:Doctoral
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1326:8 March
1221:8 March
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892:(press
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847:pp. 155
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