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DISCE - Quaderni dell'Istituto di Economia e Finanza
from Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE) EDIRC .
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ief0107: Valori familiari, scelte economiche e welfare
Claudio Lucifora ief0105: The Debate on the Crisis: Recent Reappraisals of the Concept of Functional Finance
Giuseppe Mastromatteo ief0104: Dinamica, struttura e governo della spesa pubblica: un rapporto preliminare
Piero Giarda ief0103: Marking-to-Market Government Guarantees to Financial Systems.Theory and Evidence for Europe
Angelo Baglioni and Umberto Cherubini ief0102: H.P. MINSKY AND POLICIES TO COUNTERVAIL CRISES
Giuseppe Mastromatteo ief0101: Equity in the City: On Measuring Urban (Ine)Quality of Life
Marco Giovanni Brambilla , Alessandra Michelangeli and Eugenio Peluso ief0100: The Welfare Implications of Costly Information Provision
Luca Vittorio Angelo Colombo and Gianluca Femminis ief0099: The importance of electoral rule: Evidence from Italy
Massimo Bordignon and Andrea Monticini ief0098: Another unconsidered sinister effect of indusrty-specific crises? On the possible emergence of adverse selection phenomena on the survival of entrepreneurial ventures
Stefano Colombo and Luca Grilli ief0097: Local Governments Tax Autonomy, Lobbying, and Welfare
Sandro Brusco , Luca Vittorio Angelo Colombo and Umberto Galmarini ief0096: The efficiency view of corporate boards: theory and evidence
Angelo Baglioni and Luca Vittorio Angelo Colombo ief0095: Bertrand and Cournot in the unidirectional Hotelling model
Stefano Colombo ief0094: Who do you blame in local finance? An analysis of municipal financing in Italy
Massimo Bordignon and Santino Piazza ief0093: Is the Leverage of European Commercial Banks Pro-Cyclical?
Angelo Baglioni , Andrea Boitani , Massimo Liberatore and Andrea Monticini ief0092: Taxation and Predatory Prices in a Spatial Model
Stefano Colombo ief0091: Liquidity crunch in the interbank market: is it credit or liquidity risk, or both?
Angelo Baglioni ief0090: Pricing Policy and Partial Collusion
Stefano Colombo ief0089: Calamità naturali e assicurazione: elementi di analisi per una riforma
Angelo Baglioni and Michele Grillo ief0088: On the determinants of the degree of openness of Open Source firms: An entry model
Stefano Colombo , Luca Grilli and Cristina Rossi Lamastra ief0087: Moderating Political Extremism: Single Round vs Runoff Elections under Plurality Rule
Massimo Bordignon and Guido Tabellini ief0086: Persistent disequilibrium dynamics and economic policy
Luca Vittorio Angelo Colombo and Gerd Weinrich ief0085: Product differentiation, price discrimination and collusion
Stefano Colombo ief0084: Constitutional reforms, fiscal decentralization and regional fiscal flows in Italy
Maria Ambrosanio , Massimo Bordignon and Floriana Cerniglia ief0083: The intraday interest rate under a liquidity crisis: the case of August 2007
Angelo Baglioni and Andrea Monticini ief0082: Long-run Phillips Curve and Disinfation Dynamics: Calvo vs. Rotemberg Price Setting
Lorenza Rossi and Guido Ascari ief0081: Shareholders' agreements and voting power. Evidence from Italian listed firms
Angelo Baglioni ief0080: Complementary Assets, Start-Ups and Incentives to Innovate
Luca Vittorio Angelo Colombo and Herbert Dawid ief0079: Discriminatory prices, endogenous locations and the Prisoner Dilemma problem
Stefano Colombo ief0078: Labour market imperfections, "divine coincidence" and the volatility of employment and inflation
Mirko Abbritti , Andrea Boitani and Mirella Damiani ief0077: We analyze, in this paper, a DSGE New Keynesian model with indi- visible labor where firms may belong to two different final goods producing sectors one where wages and employment are determined in competitive labor markets and the orther where wages and employment are the result of a contractual process between unions and firms. Bargaining between firms and monopoly unions implies real wage rigidity in the model and, in turn, an endogenous trade-off between output stabilization and infla- tion stabilization. We show that the negative effect of a productivity shock on inflation and the positive effect of a cost-push shock is crucially determined by the proportion of firms that belong to the competitive sec- tor. The larger is this number, the smaller are these effects. We derive a welfare based objective function as a second order Taylor approxima- tion of the expected utility of the economy's representative agent and we analyze optimal monetary policy. We show that the larger is the num- ber of firms that belong to the competitive sector, the smaller should be the response of the nominal interest rate to exogenous productivity and cost-push shocks. If we consider, however, an instrument rule where the interest rate must react to inflationary expectations, the rule is not af- fected by the structure of the labor market. The results of the model are consistent with a well known empirical regularity in macroeconomics, i.e. that employment volatility is larger than real wage volatility
Lorenza Rossi and Fabrizio Mattesini ief0076: The Role of the Local Business Environment in Banking Consolidation
Luca Vittorio Angelo Colombo and Gilberto TURATI ief0075: Corporate Governance as a Commitmente and Signalling Device
Angelo Baglioni ief0074: When do Thick Venture Capital Markets Foster Innovation? An Evolutionary Analysis
Luca Vittorio Angelo Colombo , Herbert Dawid and Kordian Kabus ief0073: The Social Value of Public Information with Costly Information Acquisition
Luca Vittorio Angelo Colombo and Gianluca Femminis ief0072: Productivity shocks and Optimal Monetary Policy in a Unionized Labor Market Economy
Fabrizio Mattesini and Lorenza Rossi ief0071: Gli immobili pubblici…ovvero, purché restino immobili
Giacomo Vaciago ief0070: Lessons from the ECB experience: Frankfurt still matters!
Zeno Rotondi and Giacomo Vaciago ief69: Entry into a network industry: consumers’ expectations and firms’ pricing policies
Angelo Baglioni ief0067: Stock-bond correlation and the bond quality ratio: Removing the discount factor to generate a “deflated” stock index
Andrea Terzi and Giovanni Verga ief0064: International Financial Instability in a World of Currencies Hierarchy
Andrea Terzi
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