depends on banking competition and on the type of judicial reform. These predictions are supported by panel data on Italian …

Theory predicts that information sharing among lenders attenuates adverse selection and moral hazard, and can therefore …

competition, Bertrand and Cournot oligopoly) international competition forces the national government to subsidize innovation. The …

downstream sectors, which often face tough international competition. Such firms lose market share, thus worsening the economic … performance of the country. We try to document the importance of this link between competition problems and growth by analysing … from competition problems perform worse in terms of net exports, export growth and output growth. …

This paper develops a theory characterizing the effects of fiscal policy on unemployment over the business cycle. The … theory is based on a model of equilibrium unemployment in which jobs are rationed in recessions. Fiscal policy in the form of … shortage without much competition for workers among recruiting firms. Hence hiring in the public sector reduces unemployment …