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The Eurosystemï¿½s asset purchase programmes for monetary policy purposes

Cova, Pietro; Ferrero, Giuseppe - Banca d'Italia - 2015

transmission channels by which the purchases can be expected to affect economic activity and inflation. Then we assess the effects …

Persistent link: https://www.econbiz.de/10011277927

Central Bank Independence, Centralization of Wage Bargaining, Inflation and Unemployment: Theory and Evidence

Cukierman, Alex; Lippi, Francesco - Banca d'Italia - 1998

wage, unemployment and inflation. This is done by considering a two-stage strategic interaction between a central bank (CB … wages of other unions and the reaction-function of the CB as given. In the second stage the CB picks inflation so as to … minimize the combined costs of inflation and unemployment, taking union's wage rates as given. Since unions are averse to …

Persistent link: https://www.econbiz.de/10005111579

Has globalisation changed the Phillips curve? Firm-level evidence on the effect of activity on prices

Gaiotti, Eugenio - Banca d'Italia - 2008

level, after controlling for inflation expectations, and whether it is concentrated among those firms that are more exposed …

Persistent link: https://www.econbiz.de/10005770766

Central Bank Independence, Centralization of Wage Bargaining, Inflation and Unemployment: Theory and Evidence

Cukierman, A.; Lippi, F. - Banca d'Italia - 1998

wage, unemployment and inflation. This is done by considering a two-stage strategic interaction between a central bank (CB …

Persistent link: https://www.econbiz.de/10005640916

The value of flexible contracts; evidence from an italian panel of industrial firms

piero, cipollone; Guelfi, Anita - Banca d'Italia - 2006

Since the mid-1980s fixed-term contracts have been used in many European countries to reduce firing costs. As this strategy may have led to segmented labour markets, recent policy interventions have enhanced permanent jobs by cutting their labour costs. Efficient design of these policies...

Persistent link: https://www.econbiz.de/10005113560

Hiring incentives and labour force participation in Italy

Cipollone, Piero; Maria, Corrado Di; Guelfi, Anita - Banca d'Italia - 2005

A long-standing economic tradition maintains that labour supply reacts to market tightness; its sensitivity to job quality has received less attention. If firms hire workers with both temporary and open-end contracts, does participation increase when more permanent jobs are available? We...

Persistent link: https://www.econbiz.de/10005609370

Does gender matter for public spending? Empirical evidence from Italian municipalities

Rigon, Massimiliano; Tanzi, Giulia Martina - Banca d'Italia - 2012

This paper studies whether the allocation of municipal expenditure in Italy is influenced by female representation in Municipal Councils. Despite the existence of gender-specific preferences in society, we find no clear evidence that the amount of resources distributed among different spending...

Persistent link: https://www.econbiz.de/10011099698

Delayed privatization

Bortolotti, Bernardo; Pinotti, Paolo - Banca d'Italia - 2008

This paper studies the timing of privatization in 21 major developed economies in the 1977-2002 period. Duration analysis shows that political fragmentation plays a significant role in explaining government's decision to privatize: privatization is delayed longer in democracies characterized by...

Persistent link: https://www.econbiz.de/10005467293

tax credit policy and firms' behaviour: the case of subsidy to open-end labour contract in italy

piero, cipollone; Guelfi, Anita - Banca d'Italia - 2003

In the past decade fixed-term contracts have been widely used to ease the regulatory burden in several European labour markets. Because there is some concern that they might be a dead-end for many worker, policy makers have intervened to increase transitions from fixed-term to open-end...

Persistent link: https://www.econbiz.de/10005467300

The sovereign debt crisis and the euro area

Grande, Giuseppe; Neri, Stefano; Siviero, Stefan - Banca d'Italia - 2013

This publication collects the papers presented at the workshop entitled "The sovereign debt crisis and the euro area", held at the Bank of Italy in Rome on 15 February 2013. In recent years the Economic Research and International Relations Area of the Bank of Italy has conducted several analyses...

Persistent link: https://www.econbiz.de/10011277929

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