Questo lavoro analizza la relazione tra incertezza di origine tecnologica e saldo delle partite correnti. L'analisi viene svolta utilizzando un modello di equilibrio economico generale in cui l'impresa Š una attivita' rischiosa il cui tasso di rendimento viene determinato sul mercato delle...

In this paper we argue that the deceleration of labor productivity is at the root of the slowdown of the European economic growth over the last fifteen years. Using a simple dynamic model of the labor market, we show that this poor performance can only be accounted for by a combination of two...

In this paper we present a theoretical model in which employment protection legislation (EPL) evolves over time and space as labour market conditions change. The basic hypothesis around which the model is built is that when it is easy for workers to find a new job, the strictness of EPL is...