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International Trade and Macroeconomic Dynamics with Sanctions

Ghironi, Fabio; Kim, Daisoon; Ozhan, G. Kemal - National Bureau of Economic Research - 2024

consumption goods and a commodity (e.g., gas), respectively. Home imposes sanctions on Foreign. Financial sanctions exclude a … fraction of Foreign agents from the international bond market. Gas sanctions take the form of a ban on gas trade, equivalent to … analysis shows that gas sanctions are more costly for Home, while differentiated consumption goods trade sanctions are more …

Persistent link: https://www.econbiz.de/10014512042

The Role of Social Capital in Financial Development

Guiso, Luigi - 2000

To identify the effect of social capital on financial development, we exploit the well-known differences in social capital and trust (Banfield (1958), Putnam (1993)) across different parts of Italy, using microeconomic data on households and firms. In areas of the country with high levels of...

Persistent link: https://www.econbiz.de/10012471212

Work Environment and Individual Background : Explaining Regional Shirking Differentials in a Large Italian Firm

Ichino, Andrea - 1999

The prevalence of shirking within a large Italian bank appears to be characterized by significant regional differentials. In particular, absenteeism and misconduct episodes are substantially more prevalent in the south. We consider a number of potential explanations for this fact: different...

Persistent link: https://www.econbiz.de/10012471366

Redistribution Through Public Employment : The Case of Italy

Alesina, Alberto - 1999

This paper examines the regional distribution of public employment in Italy. It documents two sets of facts. This first is the use of public employment as a subsidy from the North to the less wealthy South. We calculate that about half of the wage bill in the South of Italy can be identified as...

Persistent link: https://www.econbiz.de/10012471398

The Transmission Mechanism of Monetary Policy in Europe : Evidence from Banks' Balance Sheets

Favero, Carlo A. - 1999

Available studies on asymmetries in the monetary transmission mechanism within Europe are invariably based on macro-economic evidence: such evidence is abundant but often contradictory. This paper takes a different route by using micro-economic data. We use the information contained in the...

Persistent link: https://www.econbiz.de/10012471558

Regional Nonadjustment and Fiscal Policy : Lessons for EMU

Obstfeld, Maurice - 1999

How will countries handle idiosyncratic national macroeconomic shocks under the European single currency? The ways in which European countries now react to internally asymmetric shocks provide a better forecast than do the regional response pattern of the United States. In this paper we compare...

Persistent link: https://www.econbiz.de/10012471641

The Unequal Cost of Job Loss across Countries

Bertheau, Antoine; Acabbi, Edoardo; Barceló, Cristina; … - National Bureau of Economic Research - 2022

We document the consequences of losing a job across countries using a harmonized research design. Workers in Denmark and Sweden experience the lowest earnings declines following job displacement, while workers in Italy, Spain, and Portugal experience losses three times as high. French and...

Persistent link: https://www.econbiz.de/10012938696

It Ain't Where You're From, It's Where You're At : Hiring Origins, Firm Heterogeneity, and Wages

Di Addario, Sabrina; Kline, Patrick; Saggio, Raffaele; … - National Bureau of Economic Research - 2021

We develop a theoretically grounded extension of the two-way fixed effects model of Abowd et al. (1999) that allows firms to differ both in the wages they offer new hires and the wages required to poach their employees. Expected hiring wages are modeled as the sum of a worker fixed effect, a...

Persistent link: https://www.econbiz.de/10012585401

The Revealed Demand for Hard vs. Soft News : Evidence from Italian TV Viewership

Gambaro, Marco; Larcinese, Valentino; Puglisi, Riccardo; … - National Bureau of Economic Research - 2021

We analyze minute-by-minute, individual level data on viewership for Italian TV news broadcasts (from AUDITEL™), matched with detailed data on content (from Osservatorio di Pavia). We are interested in the behavior of viewers, and in particular in their decision to switch away from a news...

Persistent link: https://www.econbiz.de/10012599310

The Agglomeration of Urban Amenities : Evidence from Milan Restaurants

Leonardi, Marco; Moretti, Enrico - National Bureau of Economic Research - 2022

In many cities, restaurants and retail establishments are spatially concentrated. Economists have long recognized the presence of demand externalities that arise from spatial agglomeration as a possible explanation, but empirically identifying this type of spillovers has proven difficult. We...

Persistent link: https://www.econbiz.de/10012814438

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