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A great deal of new quantitative research has been produced over the last three decades which has radically changed the received interpretation of Italian economic development. Against this backdrop, the Bank of Italy, Istat and the University of Rome "Tor Vergata", together with academics from...
Persistent link: https://www.econbiz.de/10009364470
The research presented here is part of a wider project of revision of historical national accounts in Italy between 1891 and 1970. The reconstruction for 1951-1970 relies on a previous estimate of inter-sectoral (input-output) matrix for 1951 and on a new estimate of inter-sectoral matrix for...
Persistent link: https://www.econbiz.de/10011099593
This paper presents the new yearly series of the value-added of services for Italy, from 1861 to 1951, at current prices. For each sector, after discussing sources and methodology, the results are compared with the early Istat (1957) series. By looking at the production value of specific...
Persistent link: https://www.econbiz.de/10011123651
members of a household (i.e. between paid or unpaid work) has deep social and economic implications. The paper shows that the … redistribution of income (from labour and from transfers) within the household is able to compensate for between 70 and 90 per cent … household redistribution is declining; while the income inequality of individuals has declined over time, that measured after …
Persistent link: https://www.econbiz.de/10005113539
The act of choosing can influence maximizing behaviour for at least two distinct reasons: 1) process significance and 2) decisional inescapability. The constructive programme of the paper is combined with critical appraisal of the implications of these concerns for rational decisions about...
Persistent link: https://www.econbiz.de/10005780681
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Persistent link: https://www.econbiz.de/10005671387
The 1991 Italian Survey of Household Income and Wealth contains detailed retrospective information on major bequests … and gifts received by each member of the household. This information is used to estimate the share of intergenerational …
Persistent link: https://www.econbiz.de/10005671389
In monetary policy strategies geared towards maintaining price stability conditional and unconditional forecasts of inflation and output play an important role. This paper illustrates how modern sticky-price dynamic stochastic general equilibrium models, estimated using Bayesian techniques, can...
Persistent link: https://www.econbiz.de/10005162894