Purpose: Using a sample of US firms more likely to be affected by agency problems, the purpose of this paper is to investigate the relationship between corporate value and financial policies and to study whether credit market freedom (CMF) affects this relationship. Design/methodology/approach:...

This paper tests for excess sensitivity of consumption to predicted income growth using a behavioral model that allows for myopia and/or irrationality. We use a micro-dataset containing subjective expectations about future income and subjective indicators of the families' financial condition...

<i> Il rapporto di agenzia tra elettori ed eletti e gli effetti di Mani pulite sulle decisioni di politica economica locale </i> (di Michele Limosani, Dario Maimone, Ansaldo Patti, Pietro Navarra) - ABSTRACT: Did the judicial operation of Mani puliteaffect local policy decisions? The aim of this study...

<i> What Explains Real Interest Rate Differentials across European Countries? </i> (by Michele Limosani) - ABSTRACT: We decompose European real interest rate differentials into three components, the covered interest parity condition, the risk premium and the ex-ante relative purchasing power parity...

<i> L’elasticità rispetto al reddito della spesa privata per cure mediche in Italia: un’analisi empirica </i> (di Michele Limosani e Pietro Navarra) - ABSTRACT: The existing literature studying the income elasticity of health care spending has dealt with two main issues: the lack of attention to...