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Working Papers

From IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University
via Rontgen, 1 - 20136 Milano (Italy).

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361: Reconciling VAR-based and Narrative Measures of the Tax-Multiplier Downloads
Carlo Favero and Francesco Giavazzi
360: Demographic Trends, the Dividend-Price Ratio and the Predictability of Long-Run Stock Market Returns Downloads
Carlo Favero, Arie E. Gozluklu and Andrea Tamoni
359: Extremal Incentive Compatible Transfers Downloads
Nenad Kos and Matthias Messner
358: Tying Your Enemy’s Hands in Close Races: The Politics of Federal Transfers in Brazil Downloads
Fernanda Brollo and Tommaso Nannicini
357: Cultural and Institutional Bifurcation: China and Europe Compared Downloads
Avner Greif and Guido Tabellini
356: The Political Resource Curse Downloads
Fernanda Brollo, Tommaso Nannicini, Roberto Perotti and Guido Tabellini
355: Policy Uncertainty and Precautionary Savings Downloads
Francesco Giavazzi and Michael McMahon
354: College cost and time to complete a degree: Evidence from tuition discontinuities Downloads
Francesco Giavazzi, Pietro Garibaldi, Andrea Ichino and Enrico Rettore
353: Culture, Policies and Labor Market Outcomes Downloads
Francesco Giavazzi, Fabio Schiantarelli and Michel Serafinelli
352: Yes You Can, Can’t You? A Statistical Comparison of Economic Liberalizations Around the World Downloads
Tommaso Nannicini and Andreas Billmeier
351: Context-Dependent Forward Induction Reasoning Downloads
Pierpaolo Battigalli and Amanda Friedenberg
350: How large are the effects of tax changes? Downloads
Carlo Favero and Francesco Giavazzi
349: Incentives to Innovate and Social Harm:Laissez-Faire, Authorization or Penalties? Downloads
Giovanni Immordino, Marco Pagano and Michele Polo
348: Moderating Political Extremism: Single Round vs Runoff Elections under Plurality Rule Downloads
Massimo Bordignon, Tommaso Nannicini and Guido Tabellini
347: Informal Finance: A Theory of Moneylenders Downloads
Andreas Madestam
346: Do Better Paid Politicians Perform Better? Disentangling Incentives from Selection Downloads
Stefano Gagliarducci and Tommaso Nannicini
345: Demographics and fluctuations in Dividend/Price Downloads
Andrea Tamoni, Arie E.Gozluklu and Carlo Favero
344: The Euro and Structural Reforms Downloads
Alberto Alesina, Silvia Ardagna and Vincenzo Galasso
343: What Explains fertility? Evidence from Italian pension reforms Downloads
Francesco Billari and Vincenzo Galasso
342: Political Intergenerational Risk Sharing Downloads
Marcello D’Amato and Vincenzo Galasso
341: An Estimated Monetary DSGE Model with Unemployment and Staggered Nominal Wage Bargaining Downloads
Mark Gertler, Luca Sala and Antonella Trigari
340: Interactive Epistemology and Solution Concepts for Games with Asymmetric Information Downloads
Pierpaolo Battigalli, Alfredo Di Tillio, Edoardo Grillo and Antonio Penta
339: Off-Shoring and Productivity Growth in the Italian Manufacturing Industries Downloads
Francesco Daveri and Cecilia Jona-Lasinio
338: The Option to Wait in Collective Decisions Downloads
Matthias Messner and Mattias K Polborn
337: Judicial Errors and Innovative Activity Downloads
Giovanni Immordino and Michele Polo
336: Who Is Punishing Corrupt Politicians – Voters or the Central Government? Evidence from the Brazilian Anti-Corruption Program Downloads
Fernanda Brollo
335: Factor-augmented Error Correction Models Downloads
Anindya Banerjee and Massimiliano Marcellino
334: Forecasting Macroeconomic Variables Using Diffusion Indexes in Short Samples with Structural Change Downloads
Anindya Banerjee, Massimiliano Marcellino and Igor Masten
333: Factor-MIDAS for Now- and Forecasting with Ragged-Edge Data: A Model Comparison for German GDP1 Downloads
Massimiliano Marcellino and Christian Schumacher
332: Tax Cuts in Open Economies Downloads
Alejandro Cunat, Szabolcs Deak and Marco Maffezzoli
331: Should the Euro Area be Run as a Closed Economy? Downloads
Carlo Favero and Francesco Giavazzi
330: Institutions and Culture Downloads
Guido Tabellini
329: The Econometrics of Monetary Policy: an Overview Downloads
Carlo Favero
328: The Scope of Cooperation: values and incentives Downloads
Guido Tabellini
327: Model Evaluation in Macroeconometrics: from early empirical macroeconomic models to DSGE models Downloads
Carlo Favero
326: Does Money Matter for Student Performance? Evidence from a Grant Program in Uganda Downloads
Martina Björkman
325: The Importance of Trust for Investment: Evidence from Venture Capital Downloads
Laura Bottazzi, Marco Da Rin and Thomas Hellmann
324: On the Statistical Identification of DSGE Models Downloads
Agostino Consolo, Carlo Favero and Alessia Paccagnini
323: How Does Liquidity Affect Government Bond Yields? Downloads
Carlo Favero, Marco Pagano and Ernst-Ludwig von Thadden
322: The growth effect of democracy: Is it heterogenous and how can it be estimated? Downloads
Torsten Persson and Guido Tabellini
321: Specialization Patterns and the Factor Bias of Technology Downloads
Alejandro Cunat and Marco Maffezzoli
320: Sectoral Survey-based Confidence Indicators for Europe Downloads
Andrea Carriero and Massimiliano Marcellino
319: Monitoring the Economy of the Euro Area: A Comparison of Composite Coincident Indexes Downloads
Andrea Carriero and Massimiliano Marcellino
318: Term Structure Forecasting: No-arbitrage Restrictions vs. Large Information Set Downloads
Carlo Favero, Linlin Niu and Luca Sala
317: Debt and the effects of fiscal policy Downloads
Carlo Favero and Francesco Giavazzi
316: Monetary Policy in a Small Open Economy with a Preference for Robustness Downloads
Richard Dennis, Kai Leitemo and Ulf Söderström
315: Postponing Retirement: the Political Push of Aging Downloads
Vincenzo Galasso
314: Norm Flexibility and Private Initiative Downloads
Giovanni Immordino, Marco Pagano and Michele Polo
313: A Generalized Index of Fractionalization Downloads
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 Downloads
Carlo Favero and Stefano Giglio
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