L’economia italiana è caratterizzata da un’ampia prevalenza di PMI. Negli ultimi dieci anni, crescenti segnali di crisi, da parte dei sistemi tradizionali con cui l’economia industriale italiana si è organizzata, per rafforzare le sue PMI (e in particolare i distretti industriali e più...

Copulas are functions that describe the dependence between two or more random variables. This article provides a brief review of copula theory and two areas of economics in which copulas have played important roles: multivariate modeling and partial identification of parameters that depend on...

The negative health effects of smoking are substantial and well documented. There are, however, few studies that focus on another aspect of the costs of smoking, namely its impact on productive activities, specifically in terms of productivity loss as a result of smoking. Previous economic...

Three concepts: stochastic discount factors, multi-beta pricing and mean-variance efficiency, are at the core of modern empirical asset pricing. This chapter reviews these paradigms and the relations among them, concentrating on conditional asset-pricing models where lagged variables serve as...

This chapter presents a unified set of estimation methods for fitting a rich array of models describing dynamic relationships within a longitudinal data setting. The discussion surveys approaches for characterizing the micro dynamics of continuous dependent variables both over time and across...

This study provides cross country robust evidence on interdependencies among inflation, output growth and respective uncertainties for the current era of low inflation policies. We attribute the extant empirical disagreement on these relations to the fact that long sampling periods and single...

Structural economic models allow one to analyze counterfactuals when economic systems change and to evaluate the well-being of economic agents. A key element in such analysis is the ability to identify the primitive functions and distributions of the economic models that are employed to describe...

We examine how structural systems can yield observed variables instrumental in identifying and estimating causal effects. We provide an exhaustive characterization of potentially identifying conditional exogeneity relationships and demonstrate how structural relations determine exogeneity and...

In this paper, we use the quantile regression technique along with coexceedance, a contagion measure, to assess the extent to which news events contribute to contagion in the stock markets during the crisis period between 2007 and 2009. Studies have shown that, not only the subprime crisis leads...

The article analyzes the population shares of employed, unemployed and other men and women by utilizing the 2001 Greek Census data collected at the municipal level. It departs from other studies on the subject by (a) considering not one but all economic activities simultaneously, (b) trying to...