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Effects of Employment Protection on Worker and Job Flows : Evidence from the 1990 Italian Reform

Kugler, Adriana D. - 2019

This paper uses the Italian Social Security employer-employee panel to study the effects of the Italian reform of 1990 on worker and job flows. We exploit the fact that this reform increased unjust dismissal costs for firms below 15 employees, while leaving dismissal costs unchanged for bigger...

Persistent link: https://www.econbiz.de/10012903630

Were Trade and Factor Mobility Substitutes in History?

Collins, William J.; O'Rourke, Kevin Hjortshøj; … - 2021

Trade theorists have come to understand that their theory is ambiguous on the question: Are trade and factor flows …

Persistent link: https://www.econbiz.de/10013218517

Intertemporal Choice and the Cross-Sectional Variance of Marginal Utility

Attanasio, Orazio P.; Jappelli, Tullio - 2021

The theory of intertemporal choice predicts that the cross-sectional variance of the marginal utility of consumption is … test. This test is applied to data from the United States, the United Kingdom and Italy. The results are remarkably … consistent with the restrictions implied by the theory of intertemporal consumption choices …

Persistent link: https://www.econbiz.de/10013224863

Effects of Employment Protection on Worker and Job Flows : Evidence from the 1990 Italian Reform

Kugler, Adriana D.; Pica, Giovanni - 2021

Persistent link: https://www.econbiz.de/10013229009

Relationship and Transaction Lending in a Crisis

Bolton, Patrick - 2013

We study how relationship lending and transaction lending vary over the business cycle. We develop a model in which relationship banks gather information on their borrowers, which allows them to provide loans for profitable firms during a crisis. Due to the services they provide, operating costs...

Persistent link: https://www.econbiz.de/10013075424

What Calls to Arms? International Evidence on Interest Rates and the Choice of Adjustable-Rate Mortgages

Badarinza, Cristian - 2014

The relative popularity of adjustable-rate mortgages (ARMs) and fixed-rate mort- gages (FRMs) varies considerably both across countries and over time. We ask how movements in current and expected future interest rates affect the share of ARMs in total mortgage issuance. Using a nine-country...

Persistent link: https://www.econbiz.de/10013048590

A Quantitative Analysis of Distortions in Managerial Forecasts

Ma, Yueran; Ropele, Tiziano; Sraer, David Alexandre; … - 2022

run by the Bank of Italy with administrative data on firm balance sheets and income statements. The resulting dataset …

Persistent link: https://www.econbiz.de/10013323579

Central Bank Credibility : An Historical and Quantitative Exploration

Bordo, Michael D. - 2015

In this paper we provide empirical measures of central bank credibility and augment these with historical narratives from eleven countries. To the extent we are able to apply reliable institutional information we can also indirectly assess their role in influencing the credibility of the...

Persistent link: https://www.econbiz.de/10013030622

Does Emigration Delay Political Change? Evidence from Italy During the Great Recession

Anelli, Massimo - 2016

, change. A significant episode of emigration took place between 2010 and 2014 from Italy following the deep economic recession … Italy. Combining administrative data on Italian citizens who reside abroad and data on characteristics of city councils …

Persistent link: https://www.econbiz.de/10012988512

Estimating the Covid-19 Infection Rate : Anatomy of an Inference Problem

Manski, Charles F. - 2020

these rates and reports illustrative findings, using data from Illinois, New York, and Italy. We combine the data with … rate in Italy is substantially lower than reported …

Persistent link: https://www.econbiz.de/10012836416