At the end of the course, students will:
- Have a good understanding of the corporate tax system in the main European countries.
- Be able to analyze the effects of corporate taxes on enterprise decisions (investments, financing, profit distribution).
- Have an in-depth knowledge of how fiscal policy works in the EU and understand how it has evolved over time.
- Understand the reasons for the Stability and Growth Pact in the European Union and know how it works.
- Analyze the pros and cons of a common debt policy for EU countries.
Course Program
Prof. Esposito:
- Monetary integration in Europe: Historical perspective.
- Basic macroeconomic tools.
- Optimal currency areas.
- Fiscal rules and the Stability and Growth Pact.
- Monetary policy and the European Central Bank.
- The European sovereign debt crisis.
- Unconventional monetary policies (2014-2022).
- The pandemic and recent inflationary tensions.
Prof. Parisi
- The tax system in Italy and the main OECD countries: Classifications and recent trends.
- The determination of corporate tax.
- Coordination with personal taxes.
- Corporate taxes and investment/financing decisions: The user cost of capital.
- The Allowance for Corporate Equity (ACE).
- Taxation of international corporate groups and the Global Minimum Tax.
- Fiscal policy in a monetary union.
- Insolvency and sustainability of public debt.
- The Stability and Growth Pact and the balanced budget (Fiscal Compact).
