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The volume collects the essays presented at the 15th Workshop on Public Finance organised by Banca d'Italia in Perugia from 4 to 6 April 2013. The workshop focused on the link between fiscal policy and macroeconomic imbalances and comprised four sessions. The first session concentrated on the...
Persistent link: https://www.econbiz.de/10011277938
The paper examines the development of Italy�s public finances after the consolidation period 1992-97, which secured participation in the European Monetary Union from the outset. The �structural� developments in the main budgetary components are assessed, excluding the effects of...
Persistent link: https://www.econbiz.de/10005113682
This paper reviews the main literature and evidence on the relevance of fiscal dominance in Italy in the last part of the 20th century and examines the evolution of the techniques of Treasury financing and of monetary targets. In the early 1970s budget deficits and monetary base creation were...
Persistent link: https://www.econbiz.de/10011100342
changes in Irpef. The sequential stochastic dominance allows verifying that social welfare has increased for all one …
Persistent link: https://www.econbiz.de/10005113660
This paper examines different approaches to the measurement of multidimensional inequality and poverty. First, it … outlines three aspects preliminary to any multidimensional study: the selection of the relevant dimensions; the indicators used … offering some guidance on how to use multidimensional methods in empirical and policy-oriented applications. …
Persistent link: https://www.econbiz.de/10011099670
A political-economic model is provided to study the impact of low-skilled immigration on the receiving country's education system, in terms of sources of school funding, expenditure per pupil, and type of parents who are more likely to send children to privately funded schools. The education...
Persistent link: https://www.econbiz.de/10008496432
Is there a relation between wage bargaining institutions and unemployment? The humpshape hypothesis�, first introduced by Calmfors and Driffill (1988), states that countries with highly centralized and highly decentralized wage bargaining processes have a superior performance in terms of...
Persistent link: https://www.econbiz.de/10005113615
In a choice model of risky assets the role of risk aversion is analyzed. The measure of risk preference comes from a direct subjective survey question and it is considered as an imperfect information about the true risk attitude of investors. Misclassification between the true and the observed...
Persistent link: https://www.econbiz.de/10005111556
consumption and social marginalization, the latter is characterized by a weak need for further consumption and satisfactory … adjustment to social expectations. Each of the states can be fully described by a separate technology of utility production. The …
Persistent link: https://www.econbiz.de/10005113538
The multidimensional view of well-being is receiving growing attention, both in academic research and policy … problems in the use of synthetic multidimensional indices: the weighting structure of different functionings and the functional …
Persistent link: https://www.econbiz.de/10005609386