Riccardo Rovelli

  • Current position:
    Professor of Economics, Università di Bologna, Italy (1997 to date)
  • Research interest:
    Economics and political economy of transition, economics and political economy of EU, macro and monetary economics: monetary and fiscal policy rules and institutions, labor market policies and macro outcomes
  • Website:
  • Affiliations:
    Università di Bologna, Italy, and IZA, Germany
  • Past positions:
    Università di Parma (Professor, 1994–1997), Università di Cagliari (Professor, 1990–1994), Università Bocconi (Associate Professor, 1987–1990)
  • Qualifications:
    M.Phil Economics, Oxford University, 1979
  • Personal statement about IZA World of Labor:
    The aim of IZA World of Labor is to provide state-of-the-art surveys in relevant policy fields. This should really help policymakers to rely less on their guesswork and more and more on sound evidence. In addition, authoring the IZA World of Labor surveys is also a helpful exercise for researchers … it reminds us that the ultimate aim of our research is to be useful and applicable!
  • Selected publications:
    • “The role of the exchange rate regime in the process of real and nominal convergence.” Journal of Macroeconomics 43 (2015): 21-37 (with G. D’Adamo).
    • “Did growth and reforms increase citizens’ support for the transition?” European Journal of Political Economy 30 (2013) 112–137 (with R. Golinelli).
    • “Did support for economic and political reforms increase during the post-communist transition, and why?” The Economics of Transition 21:2 (2013) 193–240 (with A. Zaiceva).
    • “Labor market policies and outcomes in the enlarged EU.” Journal of Common Market Studies 48:3 (2010): 661–685 (with R. Bruno).
    • “Economic policy in a global crisis: Did Italy get it right?” In: Giuliani, M., and E. Jones (eds). Italian Politics 2009: Managing Uncertainty. New York: Berghahn Books, 2010; pp. 223–241.
  • Articles

Wage coordination in new and old EU member states

Stronger wage coordination and higher union density are associated with lower unemployment and higher inflation

January 2016

10.15185/izawol.222 222

by Riccardo Rovelli Rovelli, R

Aside from employment protection laws, which have been converging, other labor market institutions in new and old EU member states, such as wage bargaining coordination and labor union density, still differ considerably. These labor market institutions also differ among the new EU member states, with the Baltic countries being much more liberal than the others. Research that pools data on old and new EU member states shows that wage coordination mechanisms can improve a country’s macroeconomic performance. Stronger wage coordination and higher union density reduce the response of inflation to the business cycle.