Latest Newspaper Articles
18th of Mai 2022
Prof. Cozzi published an article on Hindu business online. The digital Rupee can help fix India's inflation while saving Covid-stricken public finances.
17th of Mai 2022
Prof. Cozzi published an article on Conversation. He claimed that the introduction of the digital euro could be designed in a way to allow the neutralization of public debt without inflationary effects.
30st of April 2022
Prof. Cozzi published an article on Avvenire (together with Leonardo Becchetti) about their proposal on the digital euro. They propose to design the introduction of the digital euro in a more restrictive way than the usual euros. This will allow the replacement of a large part of the Eurozone public debt without creating inflation.
21st of April 2022
Prof. Cozzi published an article on "il Sole 24 Ore" (the Italian FT), proposing to use the digital euro to reduce the Eurozone public debt without creating new money and inflation. But, of course, it all depends on the design of the CBDC, and we have found a way that could massively help governments.
20th of April 2022
In today's editorial on Avvenire, Cozzi and his co-author claim that society's bottom-up participation shall counterbalance the state's power enhanced by the pandemic, lest an authoritarian risk.
14th of March 2022
Prof. Guido Cozzi published an editorial on the Times of India (the world's most-read English language newspaper). He is arguing that the USA is the only clear winner of the Russia-Ukraine war: "Why America gains from sanctions, not intervention".
7th of September 2021
Prof. Guido Cozzi published this article on the very prominent Indian newspaper - the Hindu: "A Taliban-led Afghanistan and the Chinese conundrum. The U.S. move of vacating Afghanistan - a nation vital for the Belt and Road Initiative - may prove costly for Beijing".
Video - and Radio Interviews
16th of Mai 2022
Guido Cozzi gives an Interview on TRT world. He claimed that China's lockdowns are a consequence of China's reliance on less effective vaccines. He argued that they need to import our mRNA technology to win against the pandemic.
5th of April 2022
Guido Cozzi gives a Radio-Interview on BBC Radio (link will follow)
4th of April 2022
Guido Cozzi gives an Interview on BBC World about Turkey inflation and monetary policy
2nd of April 2022
Guido Cozzi gives an Interview on TRT World about the new Covid lockdowns in China, the EU-China Summit, and the sanctions to Russia
14th of March 2022
Guido Cozzi gives an Interview on TRT World about causes and global interactions of China's new lockdown
08th of March 2022
Guido Cozzi gives an Interview on TRT World Strait Talk, alerting about the food security implications of the Russia-Ukraine war and the sanctions.
20th of January 2022
Guido Cozzi gives an Interview on BBC World ahead of the Turkish Central Bank path breaking interest rate decision.
30th of December 2021
Guido Cozzi gives an Interview on Class CNBC Milano Finanza on the Italian budget law, rising debt, and Mario Draghi's government future.
15th of December 2021
Guido Cozzi gives an Interview on TRT World - Money Talks. He is commenting newly released data and claimed that China's slowdown is a sign of its transition to a healthier growth path.
14th of December 2021
Guido Cozzi gives an Interview on BBC News about the Turkish Lira in rough waters and the self-inflicted certainty of uncertainty.
12th of December 2021
Guido Cozzi gives an Interview on TRT World on inflation, fiscal and monetary policy, Turkey, Africa, Covid-19 vaccines and recovery.
A short extract is here: https://www.linkedin.com/posts/guido-cozzi-584aaa40_inflation-fiscalpolicy-interestrates-activity-6875144405204963328-STz3
The full link is here: https://www.youtube.com/watch?v=4hGqvOXgb4k
10th of November 2021
Guido Cozzi gives an Interview on TRT World on Stagflation risks in China.
1st of November 2021
Guido Cozzi gives an Interview on TRT World Now about the Hong Kong economy faced with extreme Zero-Covid restrictions.
19th of October 2021
Guido Cozzi gives an Interview on Strait Talk - TRT World about Turkey which is replacing China as a favourite destination of European firms. He claimed that the low participation of women in the workforce is a significant obstacle - with two men employed for each woman.
16th of August 2021
Guido Cozzi gives an Interview on Class CNBC Milano Finanza on the Italian National Recovery and Resilience Plan implementation and Mario Draghi's government first semester.
9th of June 2021
Guido Cozzi gives a BBC interview ahead of the WTO discussion of Europe's counter-proposal to Biden-endorsed Covid-19 vaccine patent waiver. The European compulsory licensing proposal facilitates knowledge transfer without too much harm to innovation.
2nd of April 2021
Guido Cozzi gives an Interview on Strait Talk - TRT World about the grand Istanbul Canal project and its implications for the economy of Turkey.
29th of March 2021
Guido Cozzi gives a TV-Interview on "Al Jazeera" about what we learn from the Suez accident. The reporting is in Arab.
Prof. Cozzi appars between 33rd and the 49th minute. His answer is directly translated from English to Arab.
25th of March 2021
Guido Cozzi gives a TV-Interview on "the edge" about the EU Summit, Covid vaccines, Brexit, Boris Johnson, Biden, Turkey, China, etc.
15th of March 2021
Guido Cozzi gives an Interview on Class CNBC Milano Finanza about Italy's new vaccination program and the European policy to incentivise vaccines production and licensing.
26th of Feburary 2021
Guido Cozzi gives an Interview on Class CNBC Milano Finanza about Mario Draghi's European leadership and Covid-19 vaccine patents sharing.
11th of February 2021:
Guido Cozzi gives an Interview on TRT World about about Greek crisis, debt, and recovery.
2nd of February 2021:
Guido Cozzi gives an Interview on Class CNBC Milano Finanza, about the latest GDP releases, on the vaccination campaign, and on the possibility of emergency procedures on Covid-19 vaccines IPRs.
21st of January 2021:
Guido Cozzi gives an Interview on Class CNBC Milano Finanza, commenting Christine Lagarde's talk.
22nd of October 2020:
Guido Cozzi gives an Interview on Class CNBC Milano Finanza about the government measures to mitigate the economic crisis due to Covid-restrictions.
Interviews in Newspapers
22nd of May 2021
Interview on the Express on the impact of the UK-EU vaccine row in Brexit.
21st of March 2021
New article at formiche.net with Guido Cozzis view of the economic reasons why the Covid vaccination campaign is so slow.
It's in Italian but there is no technicalities or mathematical jargon.
8th of March 2021
Working from home, city exodus, and the future of jobs and wages. Interview on The Times.
14th of February 2021
Prof. Cozzi and Giorgio Calderari (Pharma industry President Ticino) debating here (in Italian) about the pros- and cons of Covid vaccine patents liberalization
4th of Feburary 2021
Interview with Prof. Guido Cozzi in "Pharmaceutical Technology" about the Covid-19 vaccination campaign delays.
Elite Quality Index (Project Website)
St. Gallen Symposium
Prof. Cozzi and Prof. Casas i Klett were at the St. Gallen Symposium to anticipate some forthcoming results of the Elite Quality 2021 world ranking. The link to the interview is here.
Newspaper:
N. Banik and G. Cozzi (2020), "How Really Influential is Our Elite?", The Economic Times, Mumbai, 2nd of November 2020.
Youtube-Video:
G. Cozzi (2020), Guido Cozzi and Nilanjan Banik discuss about: "India's Elite are Quite Influential but what the Country Need from them is Empathy":
https://www.youtube.com/watch?v=_jmYKES428c
Bennett University (Times of India Group), 3rd of November 2020.
Podcast
G. Cozzi (2020), "Global Conversation with Guido Cozzi. Elites in the world: between value creation and extraction":
https://economia.uniroma2.it/ba/globalgovernance/cal/948/global-conversation-with-guido-cozzi#.X4ah-mgza72
Department of Economics and Finance, Tor University of Rome, 9th of October 2020.
Report:
T. Casas I. Klett and G. Cozzi (2021), "Elite Quality Report 2021: Country Scores and Gobal Rankings", 18th of May 2021.
T. Casas I. Klett and G. Cozzi (2020), "Elite Quality Report 2020: 32 Country Scores and Global Rankings. Value Creation fundamentals in societies: Global metrics for long-term economic and human development", 3rd of September 2020.
Post-Pandemic Economic Outlook (SNF-Project)
The Swiss National Science Foundation has decided to support the project "Post-Pandemic Economic Outlook: Automation, Reshoring, Education and Growth" with a research contribution. The project starts at 1st of Apryl 2021 until 31st of March 2025. Dr. Maria Iordache-Bolboaca works on this project as a post-doctoral researcher.
"How much Keynes and how much Schumpeter?"
The European Economic Review has just published a sizeable macro-econometric model that Prof. Guido Cozzi has written with European Commission co-authors. By integrating Schumpeterian growth and New Keynesian economics, they find that the slow 2009 recession recovery resulted from the 2001 dot-com bubble crush innovation slowdown. The paper can be freely downloaded for one month here.
Selected Published Works
For downloads and complete archive, go to ALEXANDRIA
• G. Cozzi, B. Pataracchia, P. Pfeiffer and M. Ratto (2021), "How much Keynes and how much Schumpeter? An Estimated Macromodel of the U.S. Economy", European Economic Review, forthcoming.
• Chu A., G. Cozzi, H. Fan and Y. Furukawa (2020), "Inflation, Unemployment and Economic Growth in a Schumpeterian Economy", Scandinavian Journal of Economics, published online on June 1, 2020.
• G. Cozzi and S. Galli (2020), "Counting Innovations: Schumpeterian Growth in Discrete Time", Economics Letters, vol. 189.
• Chu. A., G. Cozzi, H. Fan, Sh. Pan and M. Zhang (2020),"Do Stronger Patents Stimulate or Stifle Innovation? The Crucial Role of Financial Development." Journal of Money, Credit and Banking, vol. 52, Nr. 5, August 2020.
• Chu A. and G. Cozzi (2019), "Growth: Scale or Market-Size Effects?", Economics Letters, vol. 76, 13-17.
• G. Cozzi, A. Chu, Y. Furukawa and C. Liao (2018), "Inflation and Innovation in a Schumpeterian Economy with North-South Technology Transfer", Journal of Money, Credit and Banking, vol. 51, 683-719.
• G. Cozzi, S. Galli, and Mantovan, N. (2018), "Will a Shrink Make you Richer? Gender Differences in the Effects of Psychotherapy on Labour Efficiency", European Economic Review, vol. 109, 257-274.
• A. Chu, G. Cozzi, (2018), "Effects of Patents versus R&D Subsidies on Income
Inequality", Review of Economic Dynamics, vol. 29, July, pages 68-84.
• A. Chu, G. Cozzi, C. Liao, and Y. Furukawa (2017), "Inflation and Economic Growth in a Schumpeterian Model with Endogenous Entry of Heterogeneous Firms", European Economic Review, vol. 98, pages 392-409.
• G. Cozzi and M. Davenport (2017), "Extrapolative Expectations and Capital Flows during Convergence", Journal of International Economics,vol. 108 (C), pages 169-190.
• G. Cozzi and S. Galli (2017), "Should the Government Protect its Basic Research?", Economics Letters, vol. 157, pages 122-124.
• G. Cozzi (2017), "Endogenous Growth, Semi-endogenous Growth... or Both? A Simple Hybrid Model", Economics Letters, vol. 155, pages 89-91.
• G. Cozzi, N. Mantovan, and R. Sauer (2017), "Does it Pay to Work for Free? Negative Selection and the Wage Returns to Volunteer Experience", Oxford Bulletin for Economics and Statistics, vol. 79, pages 1018-1045.
• A. Chu and G. Cozzi (2016), "Growth Accounting and Endogenous Technical Change", Economic Letters, Volume 146, September 2016, 147–150.
• A. Chu, G. Cozzi, and Y. Furukawa (2016), “Unions, Innovation and Cross-Country Wage Inequality“, Journal of Economic Dynamics and Control, Vol. 64, March: 104-118.
• A. Chu, G. Cozzi, C. Lai, and C. Liao (2015). “Monetary Policy, R&D and Economic Growth in an Open Economy“, Journal of International Economics, Volume 96 (2): 360-374.
• G. Cozzi and G. Impullitti (2015), "Globalization and Wage Polarization", Review of Economics and Statistics, forthcoming.
• G. Cozzi, A. Chu, and Y. Furukawa (2015), "Effects of economic development in China on skill-biased technical change in the US", Review of Economic Dynamics 18 (2015), 227-242
• G. Cozzi and S. Galli (2014), “Sequential R&D and Blocking Patents in the Dynamics of Growth”, Journal of Economic Growth, June 2014, Volume 19, Issue 2, 183–219.
• G. Cozzi, A. Chu and S. Galli (2014), “Stage-Dependent Intellectual Property Rights”, Journal of Development Economics, vol. 106: 239-249.
• G. Cozzi and A. Chu (2013), “R&D and Economic Growth in a Cash-in-Advance Economy”, International Economic Review, vol. 55: 507-524.
• G. Cozzi, K. Bartels and N. Mantovan (2013), “The Big Society”, Public Expenditure and Volunteering”, Public Administration Review 73(2): 340-351.
• G. Cozzi, A. Alesina and G.M. Angeletos (2013), “Fairness and Redistribution: Reply”, American Economic Review 103(1): 554-561.
• G. Cozzi, A. Alesina and N. Mantovan (2012), “The Evolution of Ideology, Fairness and Redistribution”, Economic Journal, Royal Economic Society, vol. 122(565), pages 1244-1261, December.
• G. Cozzi, A. Chu and C. Liao (2012), “Endogenous Fertility and Human Capital in a Schumpeterian Growth Model”, Journal of Population Economics 26(1): 181-202.
• G. Cozzi, A. Chu and S. Galli (2012), “Does Intellectual Monopoly Stimulate or Stifle Innovation?”, European Economic Review 56(4): 727-746.
• G. Cozzi and P.E. Giordani (2011), “Ambiguity Attitude, R&D investment, and Economic Growth”, Journal of Evolutionary Economics 21(2): 303-319.
• G. Cozzi and G. Impullitti (2010), “Government Spending Composition, Technical Change and Wage Inequality”, Journal of European Economic Association 8 (December): 1325-1358.
• G. Cozzi and S. Galli (2009), “Science-based R&D in Schumpeterian Growth”, Scottish Journal of Political Economy 56(4) September: 474-491.
• G. Cozzi, P. E. Giordani and L. Zamparelli (2007), “The Refoundation of the Symmetric Equilibrium in Schumpeterian Growth Models”, Journal of Economic Theory 136(1) September: 788-797.
• G. Cozzi (2007), “Self-fulfilling Prophecies in the Quality-Ladder Economy”, Journal of Development Economics 84(1) September: 445-464.
• G. Cozzi (2007), "The Arrow Effect under Competitive R&D", The B.E. Journal of Macroeconomics, vol. 7(1).
• G. Cozzi, P. E. Giordani and L. Zamparelli (2007), "Do Sunspots Matter Under Complete Ignorance?" Research in Economics, Elsevier, vol. 60(3), pages 148-154, September.
• G. Cozzi and O. Tarola, (2006), "R&D Cooperation, Innovation, and Growth," Journal of Institutional and Theoretical Economics, vol. 162(4), pages 683-701, December.
• G. Cozzi and L. Spinesi, (2006), "Intellectual Appropriability, Product Differentiation, And Growth", Macroeconomic Dynamics, Cambridge University Press, vol. 10(01), pages 39-55, February.
• G. Cozzi and L. Spinesi, (2006), "How Much Horizontal Innovation is Consistent with Vertical Innovation?" Research in Economics, Elsevier, vol. 60(1), pages 47-53, March.
• G. Cozzi and A. Pietrosanti, (2005), "Is the European R&D Equally Protected from Espionage as is the US R&D? A Note” Rivista di Politica Economica, SIPI Spa, vol. 95(5), pages 143-150, September.
• G. Cozzi (2005), "A Note on Progressive Taxation and Cooperation”, Journal of Public Economic Theory, Association for Public Economic Theory, vol. 7(5), pages 859-865, December.
• G. Cozzi and R. Cellini, (2005), "Intellectual Property, Competition and Growth: An Introduction", Rivista di Politica Economica, vol. 95(5), pages 3-6, September.
• G. Cozzi (2005), "Animal Spirits and the Composition of Innovation", European Economic Review, Elsevier, vol. 49(3), pages 627-637, April
• G. Cozzi (2004), "Rat Race, Redistribution, and Growth", Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 7(4), pages 900-915.
• G. Cozzi and L. Spinesi, (2004), "Information Transmission and the Bounds to Growth", The B.E. Journal of Economic Analysis & Policy, vol. 0(1), pages 6.
• G. Cozzi (2003), "Innovating on Innovations", Rivista di Politica Economica, vol. 93(2), pages 3-29, March-Apr.
• G. Cozzi and L.F. Palacios (2003), "Parente and Prescott's Theory May Work in Practice But Does Not Work in Theory", The B.E. Journal of Macroeconomics, vol. 0(1), pages 8.
• G. Cozzi (2001), "A Note on Heterogeneity, Inefficiency, and Indeterminacy with Ricardian Preferences", Journal of Economic Theory, Elsevier, vol. 97(1), pages 191-202, March.
• G. Cozzi (2001), "Inventing or Spying? Implications for Growth", Journal of Economic Growth, Springer, vol. 6(1), pages 55-77, March.
• G. Cozzi (1999), "R&D Cooperation and Growth", Journal of Economic Theory, vol. 86(1), pages 17-49, May.
• G. Cozzi (1998), "Culture as a Bubble”, Journal of Political Economy, vol. 106(2), pages 376-394, April.
• G. Cozzi (1997), "Exploring Growth Trajectories”, Journal of Economic Growth, Springer, vol. 2(4), pages 385-98, December.
Recent Discussion Papers
G. Cozzi (2022): Shall We Fear a Patent Waiver? Not for COVID-19
G. Cozzi (2021): Semi-Endogenous or Fully Endogenous Growth? A Simple Unified Theory
Recent Conferences and Public Events
OIKOS MODEL WTO - EXPERTS PANEL – Guido Cozzi chaired the policy debate on the theme: "Intellectual Property Rights - Motor of innovation or obstacle to development?" (Watch the video of the conference)
External Affiliations
2002 - 2005: Consip (Public Procurement Agency, Italian Ministry of the Economy): member of the Scientific Committee
2012 - 2015: Part Time Chair in Economics, University of Durham
Editorial Activities
From 2009 : Associate Editor, Bulletin of Economic Research
From 2008-9 : Editor, Special Issue, Scottish Journal of Political Economy
2007: Editor of Intellectual Property, Competition, and Growth, Palgrave Macmillan.
2004 – 2005: Associate Editor, Macroeconomic Dynamics
From 2003 : Associate Editor, Rivista di Politica Economica
1999-2000: Guest Associate Editor, Research in Economics
Refereeing
American Economic Review, Econometrica, Review of Economic Studies, Journal of Political Economy, Journal of Economic Theory, Journal of Economic Dynamics and Control, European Economic Review, International Economic Review, Journal of Economic Growth, Journal of International and Comparative Economics, Journal of Macroeconomics, Researches in Economics, German Economic Review, Rivista di Politica Economica, Zeitschrift fuer die Nationaloekonomie, Review of International and Development Economics, Berkeley Electronic Journals, Studies in Non-Linear Dynamics and Econometrics , Oxford Economic Papers, Journal of the European Economic Association, Macroeconomic Dynamics, Journal of Public Economic Theory, Economics Letters, Economic Journal, Review of Development Economics, Journal of International Economics and Economic Policy, Metroeconomica, Journal of Evolutionary Economics, Journal of Development Economics, Oxford Economic Papers, Scandinavian Journal of Economics.