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Investment and Demand Uncertainty.
Guiso, L.; Parigi, G. - Banca d'Italia - 1996
Theoretical models of investment under uncertainty predict that the sign and the strength of the investment -uncertaintyrelationship is in principle ambiguous and can vary greatly across groups of firms depending on the degree of irreversibility of investment and the market power of the firm....
Persistent link: https://www.econbiz.de/10005640898
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An Investment-Function-Based Measure of Capacity Utilisation. Potential Output and Utilised Capacity in the Bank of Italy's Quarterly Model.
Parigi, G.; Siviero, S. - Banca d'Italia - 2000
In this paper we build a measure of potential private-sector value added for the Italian economy that is consistent with the capital accumulation process in the Banca d'Italia's Quarterly Model -and more generally with the rest of the supply-side block of that model.
Persistent link: https://www.econbiz.de/10005640904
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Investment and the Exchange Rate.
Nucci, F.; Pozzolo, A.F. - Banca d'Italia - 1998
This paper investigates the relationship between exchange rate fluctuations and the investment decisions of a sample of Italian manufacturing firms. The results support the view that a depreciation of the exchange rate has a positive effect on investment through the revenue channel, and a...
Persistent link: https://www.econbiz.de/10005640935
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The decline in municipal investments between Domestic Stability Pact and lack of financial resources
Chiades, Paolo; Mengotto, Vanni - Banca d'Italia - 2013
This paper analyzes the decline in Italian municipal investments that began in the middle of the last decade. The … analysis shows that, organizational methods for service provision budgetary financial conditions being equal, investments … finance investments with their own resources. In more recent years, the relaxation of the constraints and the introduction of …
Persistent link: https://www.econbiz.de/10011105126
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Financing long-term investment: ongoing initiatives and the main policy directions
Grande, Giuseppe; Guazzarotti, Giovanni - Banca d'Italia - 2014
The topic of financing long-term investment is on the top of the agenda of economic policy makers and it is among the priorities of the Italian Presidency of the European Union. The paper describes the main international initiatives in the field and highlights the three most promising courses of...
Persistent link: https://www.econbiz.de/10011105129
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The Determinants of Cross-Border Bank Share holdings: an Analysis with Bank-Level Data from OECD Countries.
Focarelli, D.; Pozzolo, A.F. - Banca d'Italia - 2000
This paper investigates which factors determine a bank's decision to expand its activities abroad and what determines its choice of the countries to invest in. The empirical analysis is conducted using firm-level data on foreign subsidiaries for a representative sample fo nearly 2,500 OECD banks.
Persistent link: https://www.econbiz.de/10005671383
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Investment and Growth in Europe and in the United States in the Nineties.
Caselli, P.; Pagano, P.; Schivardi, F. - Banca d'Italia - 2000
The paper analyses the sharp devergence in the nineties between capital formation in the main euro-area countries, on the one hand, and the United States, on the other. We have used data from the OECD's International Sectoral Data Base (ISDB), which includes data comparable across a certain...
Persistent link: https://www.econbiz.de/10005671398
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Rethinking the crime reducing effect of education? Mechanisms and evidence from regional divides
Brilli, Ylenia; Tonello, Marco - Banca d'Italia - 2015
We estimate the contemporaneous effect of education on adolescent crime by exploiting the variation in crime rates between different cohorts and at different ages that followed a reform that raised the school-leaving age in Italy. A 1 percentage-point increase of the enrollment rate reduces...
Persistent link: https://www.econbiz.de/10011265440
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Schooling and youth mortality: learning from a mass military exemption
Cipollone, Piero; Rosolia, Alfonso - Banca d'Italia - 2011
We examine the relationship between education and mortality in a young population of Italian males. In 1981 several cohorts of young men from specific southern towns were unexpectedly exempted from compulsory military service after a major quake hit the region. Comparisons of exempt cohorts from...
Persistent link: https://www.econbiz.de/10009209762