Showing 1 - 10 of 18
We estimate the causal effect of immigrants' legal status on criminal behavior exploiting exogenous variation in migration restrictions across nationalities driven by the last round of the European Union enlargement. Unique individual-level data on a collective clemency bill enacted in Italy...
Persistent link: https://www.econbiz.de/10009144905
The paper investigates the effect of local economic conditions on crime. The study focuses on Italy�s local labor … markets and analyzes the short-term response of crime to the severe slump of 2007-2009. It shows that the downturn led to a …-worker contractual arrangements) had a role in slowing down the effect of the economy on crime; ii) the link between the downturn and …
Persistent link: https://www.econbiz.de/10011099674
This paper analyzes the relationship between the terms on bank loans and local crime rates, employing a sample of over … crime rate is higher borrowers pay higher interest rates, pledge more collateral, and resort less to asset-backed loans and … more to revolving credit lines than borrowers in low-crime areas. The evidence also suggests that access to credit is …
Persistent link: https://www.econbiz.de/10005092587
In this paper we examine the empirical relationship between immigration and crime across Italian provinces during the … correlated with the incidence of property crimes and with the overall crime rate. We then use instrumental variables based on … types of crime. Since robberies represent a very small fraction of all criminal offences, the effect on the overall crime …
Persistent link: https://www.econbiz.de/10005113556
In this paper we investigate the link between government debt-to-GDP ratio and real per capita income growth in Italy over 1861-2009. We model our regression analysis on a standard production function. Our results support the hypotheses of a negative relation between public debt and growth and...
Persistent link: https://www.econbiz.de/10009364467
We study the effects of fiscal policy on macroeconomic developments in Italy over the period 1982-2010 with a Structural Vector Autoregression (SVAR) model. We include public debt and impose the government budget constraint in the estimation. In contrast with previous research we also include...
Persistent link: https://www.econbiz.de/10009386396
This paper puts forward a comprehensive framework to model medium-to-long term public debt refinancing strategies. Essentially the framework has two main building blocks. First, a large number of strategies are generated so as to determine a wide range of potential financing plans, regardless of...
Persistent link: https://www.econbiz.de/10011100394
This paper evaluates the macroeconomic effects of simultaneously implementing fiscal consolidation and competition-friendly reforms in a country of the euro area by simulating a large-scale dynamic general equilibrium model. We find, first, that the joint implementation of reforms has additional...
Persistent link: https://www.econbiz.de/10011103310
The role of movements in real rates in explaining the relationship between long and short-term interest rates is explored using a model of optimal government debt management.
Persistent link: https://www.econbiz.de/10005780674
The paper presents the results of a reconstruction of the Italian public debt series since national unification. Computations use today�s statistical methodology to obtain a database consistent with the national accounts. The reference sector is general government, not the state sector, as...
Persistent link: https://www.econbiz.de/10005609417