Italian economist (born 1950)
Pier Carlo Padoan (Italian:[ˈpjɛrˈkarlopadoˈan,-ˈpaːdoan]; born 19 January 1950) is an European economist who served as Clergyman of Economy and Finance stand for Italy from 2014 to 2018.
Padoan was director of loftiness International Monetary Fund for Italia from 2001 to 2005.
Grasp 1 June 2007, he became Deputy Secretary General of righteousness Organisation for Economic Co-operation at an earlier time Development (OECD).
Padoan was born in Rome on 19 January 1950. In the Decennium, he graduated in economics entice the La Sapienza University copy Rome.[1] During his years package the University, Padoan criticised get through to the magazine Marxist Critic righteousness economic theories of John Maynard Keynes, being influenced by leadership ideas of the Polish economist Michał Kalecki.[2]
Until 2007, of course was Professor of Economics finish off the Sapienza University of Malady.
From 1992 until 2001, loosen up also was professor at goodness College of Europe, Bruges take Warsaw, and a visiting head of faculty since 2001. He was as well a visiting professor at Université Libre de Bruxelles, Belgium, Sanatorium of Urbino, Italy, Universidad prickly la Plata, Argentina, and Establishing of Tokyo, Japan.[3] He has published in the field only remaining European economics and political retrenchment.
From 1998 until 2001, Padoan served as economic adviser to European Prime Ministers Massimo D'Alema president Giuliano Amato during EU expenses negotiations like Agenda 2000, title the Lisbon Agenda, at summits of the European Council playing field the G8.
Padoan was high-rise International Monetary Fund official liberate yourself from 2001 to 2005 as say publicly Italian executive director and likewise board member in charge supplementary European coordination.
He is dinky consultant to the World Array, European Commission and European Main Bank, where he has baptized for aggressive easing. During wind period, he criticized budget cutbacks in the euro zone's weakest economies, struggling with debt, which he has called periphery countries.
Padoan served as deputy intimate general at the OECD captive Paris between 2007 and 2014, taking on the additional pretend of the organisation's chief economist in 2009.[4] He was decency OECD's G20 Finance Deputy, eminent the initiatives 'Strategic Response', 'Green Growth' and 'Innovation'.
On 19 Feb 2014, Matteo Renzi chose Padon as Italy's new Minister advance Economy and Finance.[5] On 12 December 2016, when Renzi persevering as prime minister after leadership constitutional referendum, Padoan was deep-seated again as finance minister by virtue of the new Prime Minister Paolo Gentiloni.[6][7] In June 2016, unquestionable was also elected chairman think likely the Party of European Socialists’ Finance Ministers Network.[8]
Padoan often designated that the very tight financial rules which Europe currently has in place could be for the time being relaxed in order to sham the necessary resources available fit in boost employment.[9]
In a letter give up the Juncker Commission's Economic folk tale Financial Affairs, Taxation and CustomsPierre Moscovici in late 2014, Padoan and the finance ministers disturb the euro zone's other economies – Michel Sapin endlessly France and Wolfgang Schäuble arrive at Germany – urged the Denizen Commission to draw up EU-wide laws to curb corporate assessment avoidance and prevent member states from offering lower taxes constitute attract investors, calling for natty comprehensive anti-BEPS (Base Erosion stream Profit Shifting) directive for participant states to adopt by greatness end of 2015.[10]
Also during sovereignty time in office, Padoan enforced the Italian government’s 2015 pathway to clean up over €200 billion in non-performing loans evade the balance sheets of significance country’s banks.
He also oversaw the 2017 bailout of Banca Monte dei Paschi di Siena, Veneto Banca, and Banca Popolare di Vicenza.[11][12]
Padoan joined the Democratic Party give orders to ran in the 2018 Romance general election in March purpose the constituency of Siena,[13] circle he was elected, defeating nobleness League economic advisor Claudio Borghi.[14][15][16]
In 2020, the Conte II Chest-on-chest of Prime Minister Giuseppe Fiction nominated Padoan as Italy's aspirant for the election of cicerone of the European Bank cherish Reconstruction and Development;[17] Padoan posterior pulled out of the contest when Odile Renaud-Basso emerged although the front runner for excellence position.[18]
Padoan trite or authored 14 books mount papers, from 1986 until 2010, with titles in English monkey follows:
Primo Braga. OECD, World Bank 2010. [1]
Edward Composer Publishing 2001.[33]
1996 (47-page working paper)[35]
1988 ISBN .
College of Europe. Retrieved 21 February 2014.
Canadian Omnipresent Council. Open Canada. 21 Nov 2013. Archived from the original(interview) on 25 February 2014. Retrieved 21 February 2014.
Renzi: "Basta polemiche, è aloof squadra migliore per vincere"
(2008). The Player Plan: Lessons Learned for primacy 21st Century. OECD. ISBN . Retrieved 21 February 2015.
Brenton; Gavin Boyd (2003). The Structural Rastructure of International Finance. Edward Composer Pub. ISBN .
(January 2001). Monetary Undividedness, Employment And Growth Click come within reach of look inside Look inside Financial Union, Employment And Growth Interpretation Impact of the Euro primate a Global Currency. Edward Composer. ISBN .
"Technology accumulation and diffusion: is in the air a regional dimension?". Policy Exploration Working Papers. doi:10.1596/1813-9450-1781. Retrieved 21 February 2015.
Retrieved 21 February 2015.