Carlo experiments, where we also study the estimation of the aggregate effects of micro and macro shocks. The paper … concludes with an empirical application to consumer price inflation in Germany, France and Italy, and re-examines the extent to …

city sizes and the city-size distribution as a whole to highlight the main characteristics of Italy's urban system such as … the differences between northern and southern Italy. Our second, and main, contribution is that our data allow for panel … estimation where city-size is regressed on various geographical, political and other determinants of city size for the period …

This paper investigates the impact of the public smoking ban which came into effect in Italy on January 2005 on …

Efficiency wages theories argue that the threat of firing, coupled with a high unemployment rate, is a mechanism that …

We study the efficiency of banking regulation under financial integration. Banks freely choose the jurisdiction where … to locate their activities and have private information about their efficiency level. Regulators non-cooperatively offer … regulators to discriminate between banks with different efficiency levels. This result is driven by the endogenous restriction …

cycle comovement increases when credit embodies public bonds held by banks, a bank financing to the public sector. However …, in the post‐WWII era, this financial backup to the public side of the economy has occurred at the expense of bank lending …

of increased bank capital in terms of reduced loans could be substantial, there are good reasons to believe that the … between the capitalization of the banking sector and bank loans using panel cointegration models. We study the evolution of … the German economy for the past 60 years. We find no evidence for a negative impact of bank capital on business loans …