Info docente: Francesco Farina

Former President (2014-18) of the Italian Association for the Study of Comparative Economic Systems (AISSEC)

Former Director (2015-17) of the Inter-University Research Center on the Welfare State (Universities of Milan-Bocconi, Rome-La Sapienza, and Siena)

Member of the Board of the Experimental Economics Laboratory at the University of Siena

Teaching duties at Luiss G. Carli, Rome

Course of International Economics (since Academic Year 2014-15), Laurea Magistrale in International Relations, Faculty of Political Science.
Formerly, Courses of Economic Development (2008-09) and Sustainable Development (2012-13; 2013-14);
Joint Course with Prof. Tony Atkinson on: “European Welfare and Labour Policies”, Master of European Studies (academic years 2010-11 and 2011-12).


Previous Positions
Professor of ‘Economic Policy and Stabilization Policies’ at the Department of Economics, University of Toronto, Spring Term 1989-90.
Since 1997-98: Professor of Economics at the Faculty of Economics, University of Siena
Jean Monnet Chair in European Macroeconomics
Department of Social, Political, and Cognitive Sciences, University of Siena:
LAUREA MAGISTRALE (2012-2018): Courses: Politica economica internazionale; European Macroeconomics; Economia dello sviluppo
1995-96 an 1996-97:Professor of Economics at the Faculty of Law, University of Perugia
1990-95: Associate Professor of Economics at the Faculty of Economics, University of Siena
1989-90: Associate Professor of Economics at the Faculty of Economics, University of Toronto
1988-89: Associate Professor of Economics at the Faculty of Economics, University of Siena
1979-88: Associate Professor of Economics, University of Naples “L’Orientale”
1975-77: Lecturer, Faculty of Economics, University of Naples Federico II
1973-74: London School of Economics
1971-72 and 1972-73: Fondazione Luigi Einaudi (Turin)
1969-70 and 1970-71: M.Sc. in Development Economics, University of Naples.
1969: Laurea with Honours in Political Science, University of Naples.

Visiting Professor/Researcher

Department of Economics, Harvard University, US
Department of Economics, Jagellonian University, Warsaw, PL
School of Economic and Social Studies, University of East Anglia at Norwich, UK
Faculty of Economics, University of Cambridge, UK
Chair Hoover d’Ethique Economique et Sociale, Catholic University of Louvain, CEPS/INSTEAD at Differdange, LU
Observatoire Français des Conjonctures Economiques; Faculté de Sciences-Po, Paris, FR
University of Pau, FR
IMEMO, Moscow RU
Institute of Europe, Moscow, RU


Main Publications

FARINA F. (2019) “An empirical investigation of the income share of the
middle class over the growth process” (with C.A.Ricci), JOURNAL OF INCOME DISTRIBUTION, vol.27 (2).
FARINA F: (2019) “On the collective choice among models of social protection: An
experimental study” (with S.Ottone and F.Ponzano), GAMES, vol. 10 (2).
FARINA F. (2018) “Preferences for Redistribution in the US, Italy, Norway: An Experiment Study” (with G.Grimalda and U.Schmidt), Kiel Institute for the World Economy, Working Paper n.2099.
FARINA F. (2017) “L’integrazione economica europea: trade offs ed innovazioni istituzionali!, in Mechi L.ande Pasquinucci D.(eds.), Integrazione europea e trasformazioni socio-economiche. Dagli anni Settanta a oggi, Milano, Franco Angeli, pp. 149-171
FARINA F. (2017) “L’UE e le crisi per crescere”, Il Mulino. n. 5.
FARINA F. e TAMBORINI R. (2017) “‘Completing Europe’s Economic and Monetary Union’. Any Support from the Citizens?”, ECONOMICS, Discussion Paper n. 44.
FARINA F. (2016) “A rational explanation for the redistribution paradox. Theory and empirical evidence” (con R.Antonietti and F.Fontini), SCOTTISH JOURNAL OF POLITICAL ECONOMY, 63 (2):539-555
FARINA F. (2016) “Path Dependency and Poverty Reduction Policies”, HISTORY OF ECONOMIC THOUGHT AND POLICY, 1: 21-42.
FARINA F. (2016) “Contagion across the Eurozone Countries and the Core-Periphery Divide” (with E.Croci Angelini and E.Valentini), EMPIRICA, 43 (1): 197-213.
FARINA F. (2016) “Integration without convergence in the European Currency Area” (with E.Croci Angelini), in A.Bosco and M. Guderzo (eds.), The Euro and the struggle for the creation of a New Global Currency, Florence, Florence University Press.
FARINA F. (2016) “Development Theory and Poverty” in C. Sunna and D. Gualerzi (eds.) Development Economics in the Twenty-First Century, New York, Routledge, pp.122-42.
FARINA F. (2015) Se l’Europa finge di agire, Il Mulino, n.5.
FARINA F. (2015), “Introduction” and “Conclusions” (with M.Franzini), in (F. Farina and M. Franzini eds.), La casa, il benessere, le diseguaglianze, Milano, Egea editore.
FARINA F. (2015) La Germania e l’Europa. Scene da un matrimonio, Il Mulino, n.2.
FARINA F. (2015) “What kind of Welfare State do you prefer? An experiment on framing the social insurance scheme” (with S.Ottone and F.Ponzano), UNIVERSITY OF MILAN – BICOCCA, DEMS WORKING PAPER SERIES No. 295.
“Current account imbalances and systemic risk in a monetary union” (2012) (with E.Croci Angelini),  JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION, Vol. 83, pp. 647–656.

“Growth under strain in the European Union” (2012) in L.Punzo, C.Feijo, and M.Puchet Anyul (eds.), Beyond the Global Crisis: Structural Adjustments and Regional Integration in Europe and Latin America, Routledge, London.

“Real Divergence across Europe and the Limits of EMU Macroeconomic Governance” (2011) (with E.Croci Angelini), in Della Posta P. and L.S.Talani (eds.), Europe and the Financial Crisis, Palgrave, London.

“‘Suit the action to the word, the word to the action’ :Eliciting Motives for Trust and Reciprocity by Attitudinal and Behavioural Measures” (con N.O’Higgins e P.Sbriglia),RESEARCH IN ECONOMICS, 3, 2009.
“Innovation and Wage Polarisation in European Industries”, in INTERNATIONAL REVIEW OF APPLIED ECONOMICS,(with E.Croci Angelini and M.Pianta),3,2009.
“European integration as a response to globalization. Discussion”, in Della Posta P.,M.Uvalic, and A.Verdun, Globalization, Development and Integration. A European Perspective, Palgrave Macmillan, London, 2009
“Conditional cooperation in a sequential move game”; (with P. Sbriglia), in INTERNATIONAL REVIEW OF ECONOMICS, 55, 1-2, 2008.
“Technological choices under institutional constraints: measuring the impact of earnings dispersion” (with E. Croci Angelini), in G.Betti and A.Lemmi (eds.), Advances in Income Inequality and Concentration Measures, Routledge, London, 2008.
“Cooperation as self-interested reciprocity in the Centipede” (with P. Sbriglia), in A. Innocenti and P. Sbriglia (eds.), Games, Rationality and Behaviour. Essays in Behavioural Game Theory and Experiments, Palgrave Macmillan, Houndmills and New York, 2008.
“Introduction” (with R. Tamborini), to F. Farina and R. Tamborini (eds.), Macroeconomic Policy in the European Monetary Union, Routledge, London, 2008
“Testing the fiscal theory of the price level for European countries: a cointegrated VAR approach” (with R.Ricciuti), in F .Farina and R .Tamborini (eds.), Macroeconomic Policy in the European Monetary Union, Routledge, London, 2008
“Fiscal policy in Europe and the stability and growth pact” (with R. Ricciuti), in Econômica, 9, pp. 33-61, 2007
Macroeconomia dell’Unione europea (with E. Croci Angelini), Carocci editore, Roma, 2007
“Game-theoretic solutions to endogenous contractual incompleteness”, in F. Cafaggi, A. Nicita, and U. Pagano (eds.), Legal Orderings and Economic Institutions, London, Routledge, 2007
“Wage inequality in Europe. The role of labour market and redistributive institutions” (with E. Croci Angelini), in N. Acocella and R. Leoni (eds.), Social Pacts, Employment and Growth: A Reappraisal of Ezio Tarantelli’s Thought, Physica-Verlag, Berlin, 2007
“L’évaluation des politiques budgétaires en Europe.Règles budgétaires et marges de manouvre” (with R. Ricciuti), REVUE DE L’OFCE, 99, pp. 275-301, 2006
“Esperienze di decentramento fiscale: modelli a confronto” (with V. Russo and A. Zanardi), in A. Zanardi (ed.), Per lo sviluppo. Un federalismo fiscale responsabile e solidale, Il Mulino, Bologna, 2006
“The size of redistribution in OECD countries: does it influence wage inequality?” (with E. Croci Angelini), in F. Farina and E. Savaglio (eds.), Inequality and Economic Integration, London, Routledge, 2006
“Introduction” (with E. Savaglio) to F. Farina and E. Savaglio (eds.), Inequality and Economic Integration, London, Routledge, 2006
“Constitutional economics”, in The Elgar Companion in Law and Economics (J. Bachaus ed.), E. Elgar, Cheltenham, 2005
“Quale modello sociale per l’Europa?”, in L. Barca and M. Franzini (eds.), Legittimare l’Europa, Bologna, Mulino, 2005
“Ranking opportunity sets in the space of functionings” (with E. Peluso and E. Savaglio), in JOURNAL OF ECONOMIC INEQUALITY, August, 2004
“‘Set a sufficiently ambitious budget target and let automatic stabilizers work’. Will it really work in the European Monetary Union?”(with R. Tamborini), OPEN ECONOMICS REVIEW, April, 2004
“Macroeconomic stabilisation and EU Enlargment” (with R. Tamborini), in F. Praussello (ed.), EU Enlargment: The Endgame Economic Issues, F. Angeli Editore, 2003
“Distribuzione del reddito e fattori della crescita nei ‘Due Mezzogiorno d’Europa’” (with E.Croci Angelini), in RIVISTA DI POLITICA ECONOMICA, maggio-giugno, 2002
“Macroeconomic Stability and Currency Regimes. Lessons from Europe for Latin America”, in MOMENTO ECONOMICO, 122, 2002
“Le politiche macroeconomiche di stabilizzazione in Europa nel nuovo regime di ‘unione monetaria’” (with R. Tamborini), in F. Farina e R. Tamborini (eds.), Da Nazioni a Regioni. Mutamenti Strutturali e Istituzionali dopo l’Ingresso nell’Unione Monetaria Europea, Bologna, Il Mulino, 2002
“Diseguaglianza interpersonale e diseguaglianza interregionale nei paesi dell’Unione Europea” (with E. Croci Angelini and C. D’Ambrosio) in DIRITTO E ECONOMIA DELLO STATO SOCIALE, n. 2, 2001
Review of: R.Misha, Globalization and the Welfare State, G.Bertola et al, EU Welfare Systems and Labour Markets: Diverse in the Past, Integrated in the Future?, and G.Esping-Andersen, Social Foundation of Post-Industrial Economies, in DIRITTO E ECONOMIA DELLO STATO SOCIALE, n .2, 2001
“Comment to: L.M. Galindo and H. Catalàn, Is a convergence path of monetary policies possible under the North American Free Trade Agreement? “, in M. Puchet and L. Punzo (eds.), Mexico Beyond NAFTA. Perspectives for the European Debate, London, Routledge, 2001
“Comment to: D.W. Henderson and J. Kim, The Choice of a Monetary Policy Reaction Function in a Simple Optimizing Model”, in A. Leijonhufvud (ed.), Monetary Theory and Monetary Policy Experience, London, Macmillan, 2001
“Monetary Policy and Competitiveness in the Euro Area”, in M. Franzini and F.R. Pizzuti (eds.), Globalization, Institutions and Social Cohesion, Berlin, Springer-Verlag, 2000
“Introduction” to O. Fabel – F. Farina – L. Punzo (eds.), European Economies in Transition, London, Macmillan, 2000
“The Economics of the European Monetary Integration and the Convergence Problem”, in O. Fabel – F. Farina – L. Punzo (eds.), European Economies in Transition, London, Macmillan, 2000
“Razionalità strategica e organizzazione delle transazioni”, in B. Jossa and U. Pagano (eds.), Economie di mercato e efficienza dei diritti di proprietà, Torino, Giappichelli, 1997
“Social Preferences, Equity, and Non-Expected Utility Theory”, in F. Farina – F. Hahn – S. Vannucci (eds.), Ethics, Rationality, and Economic Behaviour, Oxford, Clarendon Press, 1996
“Introduction” (with F. Hahn and S. Vannucci), to Ethics, Rationality, and Economic Behaviour, in F. Farina, F. Hahn, and S. Vannucci (eds.), Ethics, Rationality, and Economic Behaviour, Oxford, Clarendon Press, 1996
“Reflections on the Papers by De Cecco and Hochreiter”, in B. Bohm and L.F. Punzo (eds.), Economic Performance, a look to Austria and Italy, Heidelberg, Physica-Verlag, 1994
“Struttura assiomatica della scelta sociale ed equità distributiva”, in R. Artoni (ed.), Teoria economica ed analisi delle istituzioni, Bologna, Il Mulino, 1993
“From the EMS to the EMU: The Role of Policy Coordination”, in M. Baldassarri – R. Mundell (eds.), Building the New Europe, London, Macmillan, 1993
“Monetary Policy”, in F. Francioni (ed.), Italy and EC Membership Evaluated, Pinter Publ., London, 1992
“I tassi di cambio SME e l’autonomia della politica monetaria”, RIVISTA DI POLITICA ECONOMICA, Suppl. , 1990
“La politica monetaria e valutaria della Banca d’Italia e la crescita del debito pubblico”, in A. Giannola – U. Marani (eds.), Tassi di interesse e debito pubblico, E.S.I., Napoli, 1990
“Cambiamento tecnico, costi di transazione e divisione interindustriale del lavoro”, NOTE ECONOMICHE, 1, 1990
“Sviluppo” (with M. Franzini), in Concorrenza, Risparmio, Sviluppo, Tecnica, Dizionario di Economia Politica, Vol. 14°, Boringhieri, Torino, 1989
“Sul problema dei fondamenti di un’economia monetaria”, in M. Messori (eds.), Moneta e Produzione, Einaudi, Torino, 1988
“Tendenze evolutive delle imprese nelle aree produttive italiane”, Nord e Sud , 1, 1986
“Keynes’ Theory of Interest and Modern Monetary Analysis”, R. Arena – A. Graziani – J. Kregel (eds.), Production, Circulation et Monnaie , P.U.F., Paris, 1985
“‘Inefficient’ Equilibrium in V.Lutz’s Two-Sector Model. A Critique”, Economic Notes , 2, 1984
“L’equilibrio monetario di Keynes”, in AA.VV., Keynes in Italia , IPSOA, Firenze, 1984
“Tecnologia e distribuzione del reddito in un modello a due settori”, in AA.VV., Moneta , Dualismo e Pianificazione nel pensiero di Vera C. Lutz, Il Mulino, Bologna, 1984
Moneta e domanda effettiva. Il meccanismo di trasmissione di Keynes e i modelli monetaristi e keynesiani, D’Alessandro editore, Napoli, 1981
“Note sul ruolo della banca mista in Italia”, Società e Storia , 10, 1980
“Ruolo e tendenze della spesa pubblica nello sviluppo economico italiano” (with A. Giannola), Inchiesta, 1, 1980
“Strutture monetarie e finanziarie dell’economia fascista” (with U. Marani), Quaderni Storici, 39, 1978
“Modelli interpretativi e caratteri del capitalismo italiano”, Quaderni Storici, 32, 1976
L’accumulazione in Italia, 1959-1972, De Donato, Bari, 1976

Working Papers
“Voting on the tax rate when attitude to risk depends on skill heterogeneity” (with F.Fontini), DEPFID Working Paper, n.01/2009.
“Technological choices under institutional constraints: measuring the impact on earnings dispersion” (with E.Croci Angelini), DEPFID Working Papers n. 5, University of Siena, April 2008.
“The functional distribution of income: a review of the theoretical literature and of the empirical evidence around its recent pattern in European countries” (with S.Bertoli), DEPFID Working Papers n. 5, University of Siena, May 2007
“Wage inequality in Europe: the role of labour market and redistributive institutions”, Quaderni del Dipartimento di Economia Politica, Università di Siena, n. 463, September 2005
“Do Preferences in EU Member-States Support Fiscal Federalism?” (with E. Croci Angelini and C. D’Ambrosio), Quaderni del Dipartimento di Economia Politica, Università di Siena, n. 346, April 2001
“Inequality of Opportunity in income and functionings” (with E. Peluso e E. Savaglio), Quaderni del Dipartimento di Economia Politica, Università di Siena, n. 333, November 2001
“Macroeconomic Stabilization Policies in Europe Under the New Regime of Monetary Union” (with R. Tamborini), Quaderni del Dipartimento di Economia Politica, Università di Siena, n.317, pp.59, March 2001 [Social Science Research Network (SSRN), Macroeconomics,]
“Convergenza fra nazioni e divergenza fra regioni nell’Unione Europea. Un’analisi dell’evoluzione dei divari 1981-1996” (with E. Croci-Angelini), Quaderno del Dipartmento di Istituzioni Economiche e Finanziarie, Università di Macerata, n. 4, 2000
“Models of Federalism and Redistribution”, Quaderni del Dipartimento di Economia Politica, Università di Siena, n. 261, September 1999
“The Economics of the European Monetary Integration and the Convergence Problem”, Quaderni del Dipartimento di Economia Politica, Università di Siena, n. 228, September 1998


Research interests

Theory and Measurement of Income Inequality
Theories of Distributive Justice
Monetary Economics
Macroeconomic policies
Fiscal Federalism
Economics of European Integration

Referee Reports

Structural Change and Economic Dynamics
European Journal of Political Economy
Journal of Economic Policy
Journal of Income and Wealth
Journal of Common Market Studies
Fiscal studies
Journal of Macroeconomics
Recherches Economique de Louvain
Regional Studies
Economic Notes
Rivista di Politica Economica

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