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Following Germany's lead : using international monetary linkages to identify the effect of monetary policy on the economy
Di Giovanni, Julian (contributor);  … - 2005
Forward-looking behavior on the part of the monetary authority leads least squares estimates to understate the true growth consequences of monetary policy interventions. We present instrumental variables estimates of the impact of interest rates on real output growth for several European...
Persistent link: https://www.econbiz.de/10002630639
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Interest rate hysteresis in macroeconomic investment under uncertainty
Belke, Ansgar; Göcke, Matthias - 2019
The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under the scenarios of both certainty and uncertainty. We...
Persistent link: https://www.econbiz.de/10012099522
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Interest rate bands of inaction and play-hysteresis in domestic investment : evidence for the Euro area
Belke, Ansgar; Frenzel Baudisch, Coletta; Göcke, Matthias - 2019
The interest rate represents an important monetary policy tool to steer investment in order to reach price stability. Therefore, implications of the exact form and magnitude of the interest rate-investment nexus for the European Central Bank's effectiveness in a low interest rate environment...
Persistent link: https://www.econbiz.de/10012099559
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Short-run distributional effects of public education transfers to tertiary education students in seven European countries
Callan, Tim (contributor); Smeeding, Timothy M. (contributor) - 2008
provide comparable results for seven European countries (Belgium, Germany, Greece, Italy, Ireland, the Netherlands and the UK …
Persistent link: https://www.econbiz.de/10003726795
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The Italian job : match rigging, career concerns and media concentration in Serie A
Boeri, Tito (contributor); Severgnini, Battista (contributor) - 2008
This paper contributes to the literature on competition and corruption, by drawing on records from Calciopoli, a judicial inquiry carried out in 2006 on corruption in the Italian soccer league. Unlike previous studies, we can estimate the determinants of match rigging and use this information in...
Persistent link: https://www.econbiz.de/10003760304
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Outside income and moral hazard : the elusive quest for good politicians
Gagliarducci, Stefano (contributor);  … - 2008
In most modern democracies elected officials can work in the private sector while appointed in parliament. We show that when the political and market sectors are not mutually exclusive, a trade-off arises between the quality of elected officials and the effort they exert in political life. If...
Persistent link: https://www.econbiz.de/10003646732
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Where do the brainy Italians go?
Constant, Amelie (contributor); D'Agosto, Elena (contributor) - 2008
researchers who have at least a bachelor's from Italy and live abroad. There are three alternative country choices: the US …. Ceteris paribus, both push and pull factors are important. While having a Ph.D. from outside Italy predicts the UK choice …, having extra working experience from outside Italy predicts migration to other EU countries. Those who stay abroad …
Persistent link: https://www.econbiz.de/10003652707
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Electoral rules and politicians' behavior : a micro test
Gagliarducci, Stefano (contributor);  … - 2008
Theory predicts that the majoritarian electoral system should produce more targeted redistribution and lower politicians' rents than proportional representation. We test these predictions using micro data for the mixed-member Italian House of Representatives, which allow us to sidestep the...
Persistent link: https://www.econbiz.de/10003652713
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Centralized wage determination and regional unemployment differences : the case of Italy
Caponi, Vincenzo (contributor) - 2008
rate accompanied by low wages in the North even when compared to other western European countries. -- Italy ; European …
Persistent link: https://www.econbiz.de/10003737637
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Intergenerational persistence in educational attainment in Italy
Checchi, Daniele (contributor); Fiorio, Carlo V. (contributor) - 2008
levels over time in Italy. However, focusing on equality of circumstances, we show that there is still a persistent … father's education is also provided. -- Educational attainment ; Italy ; family background …
Persistent link: https://www.econbiz.de/10003744492