Working Papers

from IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University
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352: Yes You Can, Can’t You? A Statistical Comparison of Economic Liberalizations Around the World

Tommaso Nannicini and Andreas Billmeier

351: Context-Dependent Forward Induction Reasoning

Pierpaolo Battigalli and Amanda Friedenberg

350: How large are the effects of tax changes?

Carlo Favero and Francesco Giavazzi

349: Incentives to Innovate and Social Harm:Laissez-Faire, Authorization or Penalties?

Giovanni Immordino, Marco Pagano and Michele Polo

348: Moderating Political Extremism: Single Round vs Runoff Elections under Plurality Rule

Massimo Bordignon and Guido Tabellini

347: Informal Finance: A Theory of Moneylenders

Andreas Madestam

346: Do Better Paid Politicians Perform Better? Disentangling Incentives from Selection

Stefano Gagliarducci and Tommaso Nannicini

345: Demographics and fluctuations in Dividend/Price

Andrea Tamoni, Arie E.Gozluklu and Carlo Favero

344: The Euro and Structural Reforms

Alberto Alesina, Silvia Ardagna and Vincenzo Galasso

343: What Explains fertility? Evidence from Italian pension reforms

Francesco C. Billari and Vincenzo Galasso

342: Political Intergenerational Risk Sharing

Marcello D’Amato and Vincenzo Galasso (Marcello D'Amato)

341: An Estimated Monetary DSGE Model with Unemployment and Staggered Nominal Wage Bargaining

Mark Gertler, Luca Sala and Antonella Trigari

340: Interactive Epistemology and Solution Concepts for Games with Asymmetric Information

Pierpaolo Battigalli, Alfredo Di Tillio, Edoardo Grillo and Antonio Penta

339: Off-Shoring and Productivity Growth in the Italian Manufacturing Industries

Francesco Daveri and Cecilia Jona-Lasinio

338: The Option to Wait in Collective Decisions

Matthias Messner and Mattias K Polborn

337: Judicial Errors and Innovative Activity

Giovanni Immordino and Michele Polo

336: Who Is Punishing Corrupt Politicians – Voters or the Central Government? Evidence from the Brazilian Anti-Corruption Program

Fernanda Brollo

335: Factor-augmented Error Correction Models

Anindya Banerjee and Massimiliano Marcellino

334: Forecasting Macroeconomic Variables Using Diffusion Indexes in Short Samples with Structural Change

Anindya Banerjee, Massimiliano Marcellino and Igor Masten

333: Factor-MIDAS for Now- and Forecasting with Ragged-Edge Data: A Model Comparison for German GDP1

Massimiliano Marcellino and Christian Schumacher

332: Tax Cuts in Open Economies

Alejandro Cuñat, Szabolcs Deák and Marco Maffezzoli

331: Should the Euro Area be Run as a Closed Economy?

Carlo Favero and Francesco Giavazzi

330: Institutions and Culture

Guido Tabellini

329: The Econometrics of Monetary Policy: an Overview

Carlo Favero

328: The Scope of Cooperation: values and incentives

Guido Tabellini

327: Model Evaluation in Macroeconometrics: from early empirical macroeconomic models to DSGE models

Carlo Favero

326: Does Money Matter for Student Performance? Evidence from a Grant Program in Uganda

Martina Björkman

325: The Importance of Trust for Investment: Evidence from Venture Capital

Laura Bottazzi, Marco Da Rin and Thomas Hellmann

324: On the Statistical Identification of DSGE Models

Agostino Consolo, Carlo Favero and Alessia Paccagnini

323: How Does Liquidity Affect Government Bond Yields?

Carlo Favero, Marco Pagano and Ernst-Ludwig von Thadden

322: The growth effect of democracy: Is it heterogenous and how can it be estimated?

Torsten Persson and Guido Tabellini

321: Specialization Patterns and the Factor Bias of Technology

Alejandro Cuñat and Marco Maffezzoli

320: Sectoral Survey-based Confidence Indicators for Europe

Andrea Carriero and Massimiliano Marcellino

319: Monitoring the Economy of the Euro Area: A Comparison of Composite Coincident Indexes

Andrea Carriero and Massimiliano Marcellino

318: Term Structure Forecasting: No-arbitrage Restrictions vs. Large Information Set

Carlo Favero, Linlin Niu and Luca Sala

317: Debt and the effects of fiscal policy

Carlo Favero and Francesco Giavazzi

316: Monetary Policy in a Small Open Economy with a Preference for Robustness

Richard Dennis, Kai Leitemo and Ulf Söderström

315: Postponing Retirement: the Political Push of Aging

Vincenzo Galasso

314: Norm Flexibility and Private Initiative

Giovanni Immordino, Marco Pagano and Michele Polo

313: A Generalized Index of Fractionalization

Walter Bossert, Conchita D’Ambrosio and Eliana Laferrara

312: Fiscal Policy and the Term Structure: Evidence from the Case of Italy in the EMS and the EMU Periods

Carlo Favero and Stefano Giglio

311: Subjective Expected Utility in Games

Alfredo Di Tillio

310: Buyer Power and Quality Improvement

Pierpaolo Battigalli, Chiara Fumagalli and Michele Polo

309: Age, Technology and Labour Costs

Francesco Daveri and Mika Maliranta

308: Democratic capital: The nexus of political and economic change

Torsten Persson and Guido Tabellini

307: Methods for Robust Control

Richard Dennis, Kai Leitemo and Ulf Söderström

306: Impulse Response Functions from Structural Dynamic Factor Models:A Monte Carlo Evaluation

Massimiliano Marcellino and George Kapetanios

305: The Role of Search Frictions and Bargaining for Inflation Dynamics

Massimiliano Marcellino and George Kapetanios

304: The Role of Search Frictions and Bargaining for Inflation Dynamics

Antonella Trigari

303: Back to Square One: Identification Issues in DSGE Models

Fabio Canova and Luca Sala