The paper provides an analysis of labour mobility in Italy, with a joint analysis of residence transfers and "long-range� commuting. In the period 1990-2005, migration inflows have increased in the Centre North, both in short- and long-range component. In the South, by contrast, the low...

We quantitatively assess the macroeconomic effects of country-specific supply-side reforms in the euro area by simulating EAGLE, a multi-country dynamic general equilibrium model. We consider reforms in the labor and services markets of Germany (or, alternatively, Portugal) and the rest of the...

The process through which economic policy is conceived and decided cannot be simply described as the optimisation of a well-defined loss function s ubject to the constraints provided by a model of the economy. Even egnoring the forbidding difficulties of eliciting a stable and explicit loss...