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Bribes, Lobbying and Industrial Structure
Cerqueti, Roy; Coppier, Raffaella; Piga, Gustavo - 2021
This paper deals with the relationship between regulatory compliance, bureaucratic corruption, lobbying and the … industrial structure of a country. We show that lobbying and bureaucratic corruption can coexist at the macro level when we allow … industrial structures: we show the implications this has for the level of compliance, corruption and lobbying in that country …
Persistent link: https://www.econbiz.de/10013238845
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The Migration FDI Puzzle : Complements or Substitutes?
D'Agosto, Elena; Solferino, Nazaria; Tria, Giovanni - 2006
This paper analyses the link between FDI inflows and migration waves from developing countries. In addition, it investigates mechanisms through which this link works. Empirical results indicate that FDI can be seen as substitutes of migration through direct and indirect labour demand. However,...
Persistent link: https://www.econbiz.de/10014054648
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ESG Investmenting : A Chance to Reduce Systemic Risk
Cerqueti, Roy - 2020
We consider a network of equity mutual funds characterized by different levels of compliance with Environmental, Social, and Governance (ESG) aspects. We measure the impact of portfolio liquidation in a stress scenario on funds with different ESG rates. Fire sales spillover from portfolio...
Persistent link: https://www.econbiz.de/10012830697
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Dutch Disease, Real Effective Exchange Rate Misalignments and Their Effect on GDP Growth in the EU
Comunale, Mariarosaria - 2016
In this article we study the impact of real effective exchange rate misalignments, based on determinants, including different types of foreign capital inflows, on GDP growth in the EU. This can provide a useful contribution to understanding the causal link between inflows, real effective...
Persistent link: https://www.econbiz.de/10012991781
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Country-Specific Risk Premium, Taylor Rules, and Exchange Rates
Annicchiarico, Barbara - 2010
The adoption of a Taylor-type monetary policy rule and an inflation target for emerging market economies that choose a flexible exchange rate regime is often advocated. This paper investigates the issue of exchange rate determination when interest-rate feedback rules are implemented in a...
Persistent link: https://www.econbiz.de/10013136245
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Budgetary Policies in a DSGE Model with Finite Horizons
Annicchiarico, Barbara - 2011
This paper presents a dynamic stochastic general equilibrium model with nominal rigidities, capital accumulation and finite horizons. Our New Keynesian framework exhibits intergenerational wealth effects and is intended to investigate the macroeconomic implications of fiscal policy, which is...
Persistent link: https://www.econbiz.de/10013122328
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A Theoretical Analysis of Public Funding for Research
De Fraja, Gianni - 2011
This paper studies government funding for scientific research. Funds must be distributed among different research institutions and allocated between basic and applied research. Informational constraints prevent less productive institutions to be given any government funding. In order to...
Persistent link: https://www.econbiz.de/10013123092
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Macro-Prudential Policy on Liquidity : What Does a DSGE Model Tell Us?
Chadha, Jagjit S. - 2011
The financial crisis has led to the development of an active debate on the use of macro-prudential instruments for regulating the banking system, in particular for liquidity and capital holdings. Within the context of a micro-founded macroeconomic model, we allow commercial banks to choose their...
Persistent link: https://www.econbiz.de/10013125800
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Is it Money or Brains? The Determinants of Intra-Family Decision Power
Bertocchi, Graziella - 2012
We empirically study the determinants of intra-household decision power with respect to economic and financial choices using a suitable direct measure provided in the 1989-2010 Bank of Italy Survey of Household Income and Wealth. Focusing on a sample of couples, we evaluate the effect of each...
Persistent link: https://www.econbiz.de/10013105030
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Top Marginal Taxation and Economic Growth
Milasi, Santo - 2013
The paper explores the relationship between statutory top marginal tax rates on personal income and long‐run economic growth. While theoretical models of endogenous growth explicitly allow for nonlinear effects of taxation on economic growth, the majority of existing empirical studies assume a...
Persistent link: https://www.econbiz.de/10013081689