We define public administrations (PAs) as productive units, and analyze the recent trends in PAs' productivity applying Sylos Labini's productivity function model. At the microeconomic level, we propose a model of government action for the production of public goods. At the macroeconomic level,...

Steindl's work on stochastic processes aims to describe the economy as in a state of imbalance, due to the fact that its starting conditions are an accident of history, and nobody has a clue what tomorrow will bring. This does not mean that we cannot imagine a balanced distribution - when the...

The article introduces the articles collected in the present issue of the journal. It places the various contributions in perspective, critically summarizing the major economic developments since the publication of the last issue. It focuses in particular on Minsky's contribution and its...

The article is an introduction to the new issue of the Journal. It provides an overview of the current economic and financial situation and summarises the main topics dealt with by the following articles.

The article introduces the current issue of the journal, placing the different articles in context.

This special issue of the PSL Quarterly Review includes some articles which appeared over the years in the first series of our journal (then entitled BNL Quarterly Review: see Roncaglia 2008). The articles published below have been selected among those that can help us to best understand the...

The article introduces the first issue of the PSL Quarterly Review (formerly known as Banca Nazionale del Lavoro Quarterly Review, or simply BNL Quarterly Review). In this work, Alessandro Roncaglia, editor of the journal, summarizes and personally re-interprets the decades-long history of the...

The short note introduces the articles published in this issue, placing the different contributions in the current socio-economic context.

The paper provides an introduction to the special issue in honour of Josef Steindl (1912-1993) celebrating the centennial anniversary of his birth. It illustrates Steindl's main themes of research - from applied macroeconomic analysis and the analysis of the trade cycle to the role of oligopoly...

With the financialization of the economy, increasing reliance has been put on statistical models for derivatives pricing and for risk assessment in the day-to-day business of financial operators as well as in financial regulation. This practice had already been criticized from many quarters and...