Working Papers

from IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University
via Rontgen, 1 - 20136 Milano (Italy).
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254: Ramsey Monetary Policy and International Relative Prices

Ester Faia and Tommaso Monacelli

253: Financial Factors, Macroeconomic Information and the Expectations Theory of the Term Structure of Interest Rates

Andrea Carriero, Carlo Favero and Iryna Kaminska

252: The Effects of Employment Protection: Learning from Variable Enforcement

Tito Boeri and Juan F Jimeno

251: How Do Electoral Rules Shape Party Structures, Government Coalitions and Economic Policies?

Torsten Persson, Gérard Roland and Guido Tabellini

250: Raising Female Employment Reflections and Policy Tools

Pietro Garibaldi and Etienne Wasmer

249: Costly Contracting in a Long-Term Relationship

Pierpaolo Battigalli and Giovanni Maggi

248: Equilibrium Unemployment in a Model of Imperfect Labour Market

Pietro Garibaldi and Etienne Wasmer

247: Employment Protection Legislation and the Size of Firms

Pietro Garibaldi, Lia Pacelli and Andrea Borgarello

246: Paying Politicians

Matthias Messner and Mattias K Polborn

245: Entry Without Competition

Michele Polo and Carlo Scarpa

244: Lessons for an Aging Society: The Political Sustainability of Social Security Systems

Vincenzo Galasso and Paola Profeta

243: Oligopolistic Reaction to Foreign Investment in Discrete Choice Panel Data Models

Carlo Altomonte and Enrico Pennings

242: Working on the Train? The Role of Technical Progress and Trade in Explaining Wage Differentials in Italian Firms

Paolo Manasse and Luca Stanca

241: Can Comparative Advantage Explain the Growth of US Trade?

Alejandro Cunat and Marco Maffezzoli

240: The Twin Effects of Globalization

Francesco Daveri, Paolo Manasse and Danila Serra

239: Protecting Against Labour Market Risk: Employment Protection or Unemployment Benefits?

Tito Boeri, J. Ignacio Conde-Ruiz and Vincenzo Galasso

238: Bureaucrats or Politicians?

Alberto Alesina and Guido Tabellini

237: Dating the Euro Area Business Cycle

Michael John Artis, Massimiliano Marcellino and Tommaso Proietti

236: Are There Any Reliable Leading Indicators for U.S. Inflation and GDP Growth?

Anindya Banerjee and Massimiliano Marcellino

235: Leading Indicators for Euro-area Inflation and GDP Growth

Anindya Banerjee, Massimiliano Marcellino and Igor Masten

234: Monetary-Fiscal Mix and Inflation Performance: Evidence from the U.S

Carlo Favero and Tommaso Monacelli

233: Commitment, Discretion and Fixed Exchange Rates in an Open Economy

Tommaso Monacelli

232: Do Electoral Cycles Differ Across Political Systems?

Torsten Persson and Guido Tabellini

231: The Generalized Neoclassical Growth Model

Alejandro Cunat and Marco Maffezzoli

230: The liberalization of energy markets in Europe and Italy

Michele Polo and Carlo Scarpa

229: International agreements on product standards: an incomplete-contracting theory

Pierpaolo Battigalli and Giovanni Maggi

228: Monetary Policy in a Low Pass-Through Environment

Tommaso Monacelli

227: Information Technology and Productivity Growth Across Countries and Sectors

Francesco Daveri

226: The IT revolution across the U.S. states

Francesco Daveri and Andrea Mascotto

225: Some stylized facts on non-systematic fiscal policy in the Euro area

Massimiliano Marcellino

224: Why are Brazil´s Interest Rates so High?

Carlo Favero and Francesco Giavazzi

223: Principal components at work: The empirical analysis of monetary policy with large datasets

Carlo Favero, Massimiliano Marcellino and Francesca Neglia

222: Not Only Nokia

Francesco Daveri and Olmo Silva

221: Model Uncertainty, Thick Modelling and the predictability of Stock Returns

Marco Aiolfi and Carlo Favero

220: Trade Integration and Growth

Alejandro Cuñat and Marco Maffezzoli

219: Approximation Methods: an Application to the Core-Periphery Model

Marco Maffezzoli and Federico Trionfetti

218: Europe’s ‘New’ Stock Markets

Laura Bottazzi and Marco Da Rin

217: Asymmetric Information and Monetary Policy in Common Currency Areas

Laura Bottazzi and Paolo Manasse

216: Forecasting EMU macroeconomic variables

Massimiliano Marcellino

215: Innovation and Spillovers in Regions: Evidence from European Patent Data

Laura Bottazzi and Giovanni Peri

214: How do European monetary and fiscal authorities behave?

Carlo Favero

213: The new economy in Europe (1992-2001)

Francesco Daveri

212: Forecast pooling for short time series of macroeconomic variables

Massimiliano Marcellino

211: Instability and non-linearity in the EMU

Massimiliano Marcellino

210: Heckscher-Ohlin Business Cycles

Alejandro Cuñat and Marco Maffezzoli

209: Factor Based Index Trading

Francesco Corielli and Massimiliano Marcellino

208: Large Datasets, Small Models and Monetary Policy in Europe

Carlo Favero and Massimiliano Marcellino

207: The Time Consistency of Optimal Monetary Policy with Heterogeneous Agents

Stefania Albanesi

206: Optimal pricing and quality choice when investment in quality is irreversible

Enrico Pennings

205: How to Maximize Domestic Benefits from Irreversible Foreign Investments

Enrico Pennings