DISCE - Quaderni dell'Istituto di Economia e Finanza

From Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE)
Contact information at EDIRC.
Bibliographic data for series maintained by Massimo Bordignon ().

Access Statistics for this working paper series.
Is something missing from the series or not right? See the RePEc data check for the archive and series.

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 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 Colombo and Umberto Galmarini

ief0096: The efficiency view of corporate boards: theory and evidence

Angelo Baglioni and Luca 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 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 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 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 Colombo, Herbert Dawid and Kordian Kabus

ief0073: The Social Value of Public Information with Costly Information Acquisition

Luca 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