Working Papers

from IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University
via Rontgen, 1 - 20136 Milano (Italy).
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204: Wage Premia and Skill Upgrading in Italy: Why didn’t the Hound Bark?

Paolo Manasse, Luca Stanca and Alessandro Turrini

203: Factor forecasts for the UK

Michael John Artis, Anindya Banerjee and Massimiliano Marcellino

202: Does the balance of power within a family matter? The case of the Retirement Equity Act

Saku Aura

201: Macroeconomic Forecasting in the Euro Area: Country Specific versus Area-Wide Information

Massimiliano Marcellino, James H. Stock and Mark W. Watson

200: Macroeconomic stability and the preferences of the Fed. A formal analysis, 1961-98

Carlo Favero

199: Inflation and Inequality

Stefania Albanesi

198: Expectation Traps and Monetary Policy

Stefania Albanesi, V.V. Chari and Lawrence J. Christiano

197: Recursive `thick´ modeling of excess returns and portfolio allocation

Carlo Favero, Marco Aiolfi and Giorgio Primiceri

196: Parameters´ Instability, Model Uncertainty and Optimal Monetary Policy

Carlo Favero (Fabio Milani)

195: Does Macroeconomics Help Understand the Term Structure of Interest Rates?

Carlo Favero

194: The Macroeconomic of Early Retirement

J. Ignacio Conde-Ruiz and Vincenzo Galasso

193: Ethnicity and Reciprocity: A model of Credit Transactions in Ghana

Eliana La Ferrara

192: Are Judges Biased by Labor Market Conditions?

Andrea Ichino, Michele Polo and Enrico Rettore

191: Vector-Adjusted Expected Utility

Marciano Siniscalchi

190: Rationalizable Bidding in General First-Price Auctions

Pierpaolo Battigalli and Marciano Siniscalchi

189: Political Institutions and Policy Outcomes: What are the Stylized Facts?

Torsten Persson and Guido Tabellini

188: Small system modelling of real wages, inflation, unemployment and output per capita in Italy 1970-1994

Massimiliano Marcellino and Grayham E. Mizon

187: Macroeconomic effects of regulation and deregulation in goods and labor markets

Olivier Blanchard and Francesco Giavazzi

186: Testing for PPP: Should We Use Panel Methods?

Anindya Banerjee, Massimiliano Marcellino and Chiara Osbat

185: A Markov-Switching Vector Equilibrium Correction Model of the UK Labour Market

Hans-Martin Krolzig, Massimiliano Marcellino and Grayham E. Mizon

184: On the Political Complementarity between Health Care and Social Security

Carlos Bethencourt and Vincenzo Galasso

183: Growth and Interdependence under Complete Specialization

Alejandro Cuñat and Marco Maffezzoli

182: Electoral Rules and Corruption

Torsten Persson, Guido Tabellini and Francesco Trebbi

179: Uncertainty on Monetary Policy and the Expectations Model of the Term Structure of Interest Rates

Carlo Favero and Federico Mosca

178: Preferences for Redistribution in the Land of Opportunities

Alberto Alesina and Eliana La Ferrara

177: Shadow Activity and Unemployment in a Depressed Labor Market

Tito Boeri and Pietro Garibaldi

176: TFP, Costs, and Public Infrastructure: An Equivocal Relationship

Eliana La Ferrara and Massimiliano Marcellino

175: Job Creation in Italy: Geography, Technology and Infrastructures

Alejandro Cuñat and Giovanni Peri

174: How is the Debt Managed? Learning from Fiscal Stabilizations

Pierpaolo Benigno, Francesco Giavazzi and Alessandro Missale

173: Corporate Restructuring and R&D: A Panel Data Analysis for the Chemical Industry

Ashish Arora, Marco Ceccagnoli and Marco Da Rin

172: Human Capital and Externalities in Cities

Antonio Ciccone and Giovanni Peri

171: Euro.NM and the Financing of European Innovative Firms

Laura Bottazzi and Marco Da Rin

170: Some Cautions on the Use of Panel Methods for Integrated Series of Macro-Economic Data

Anindya Banerjee, Massimiliano Marcellino and Chiara Osbat

169: Public Debt Indexation and Denomination with and Indipendent Central Bank

Alessandro Missale and Elisabetta Falcetti

168: Is growth an information technology story in Europe too?

Francesco Daveri

167: Non-Walrasian Labor Markets and Real Business Cycles

Marco Maffezzoli

166: Optimal Debt Management with a Stability and Growth Pact

Alessandro Missale

165: Measuring Co-movements Between US and European Stock Markets

Carlo Favero and Alessandra Bonfiglioli

164: Stochastic Processes Subject to Time-Scale Transformations: An Application to High-Frequency FX Data

Massimiliano Marcellino and Oscar Jorda

163: Public Capital and Economic Performance: Evidence from Italy

Federico Bonaglia, Eliana La Ferrara and Massimiliano Marcellino

162: Constitutional determinants of government spending

Guido Tabellini

161: Inequality and Group Participation: Theory and Evidence from Rural Tanzania

Eliana La Ferrara

160: Linear Aggregation with Common Trends and Cycles

Massimiliano Marcellino

159: Model Selection for Non-Linear Dynamic Models

Massimiliano Marcellino

158: Regulation and Labour Market Performance

Tito Boeri, Giuseppe Nicoletti and Stefano Scarpetta

157: Can Taxes Drive Agglomeration while approaching the Global Economy?

Giovanni Peri and Luisa Lambertini

156: The Dynamics of National Specialization

Giovanni Peri

155: A numerical approach to fiscal policy, unemployment and growth in Europe

Francesco Daveri and Marco Maffezzoli

154: Optimal Speed of Transition 10 Years After

Tito Boeri

153: Innovation, Demand and Knowledge Spillovers: Theory and Evidence from European Regions

Laura Bottazzi and Giovanni Peri