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​Orsola Costantini


Orsola Costantini is Senior Economist at the Institute for New Economic Thinking. An alumna of Ghislieri college, she graduated from the University of Pavia in Italy and in 2013 received her Ph.D. in Economics from the same institution. During her doctoral studies, she was for three years a full-time visiting researcher at the University of Ottawa, Canada. The winner of an INET research grant, she was subsequently appointed research fellow at the University of Bergamo.

In 2014, her work on the notion of the cyclically adjusted budget was awarded a prize by the Italian Association for the History of Political Economy (STOREP). Her research focuses mostly on macroeconomics, especially fiscal policy, household debt, and income distribution, as well as on the history of economic thought, and the political economy of the European Union.

By this expert

Experts on Trial: A Symposium

Article | Mar 3, 2017

Widespread criticism of elites and their ‘experts ’ raises questions about how economists should perceive their role, and what role societies should give them. We invited four scholars to start an online conversation by sharing their perspectives 

Introducing the Symposium on Neoliberalism

Article | May 26, 2016

Is Neoliberalism a fixed set of ideas, or even an identifiable political movement?

The Cyclically Adjusted Budget: History and Exegesis of a Fateful Estimate

Paper Working Paper Series | | Oct 2015

This paper traces the evolution of the concept of the cyclically adjusted budget from the 1930s to the present.

The Prince('s) Rules: Economic Theories and Political Struggle in Europe.

Paper Conference paper | | Apr 2015

The Cyclically Adjusted Budget (CAB) is the estimated size of the public budget at some previously defined level of output which may represent the ‘normal’ output or a policy target and that usually is considered to be unaffected by business fluctuations or cycles. Such an estimate is supposed to isolate the automatic movements of revenues and expenditures, given the current structure of tax and transfers, from discretionary fiscal interventions and indicate the “impact” and sustainability of fiscal action.

Featuring this expert

INET Guide to the 2017 EEA Meeting

Event Conference | Feb 23–26, 2017

A reference guide to all Institute for New Economic Thinking (INET) community presentations at the Eastern Economic Association’s (EEA) 2017 annual meeting

YSI @ 2016 Trento Festival of Economics "Where growth happens" This year’s Trento Festival of Economics has the theme “Where growth happens”.

YSI Event Conference YSI | Hosted by Political Economy of Europe | Jun 2–5, 2016

The Young Scholars Initiative and its working groups will be hosting meetings and discussions in and around the 2016 Trento Festival of Economics.

In EU budget debates, ‘technocratic’ veil hides political choices

Article | Apr 8, 2016

As the European Union Commission readies itself for a new round of budgetary recommendations, INET senior economist Orsola Costantini warns that that the debate over how those harsh fiscal constraints are to be determined is based on a formula that masks political choices as technocratic imperatives.

CEPS IdeasLab 2016

YSI Event Workshop YSI | Hosted by Political Economy of Europe | Feb 24–27, 2016

The new YSI Political Economy of Europe Working Group will take part in the 2016 CEPS IdeasLab and a subsequent workshop organized by the working group in Brussels.