The recent implementation of the EU Emissions Trading Scheme (EU ETS) in January 2005 created new financial risks for emitting firms. To deal with these risks, options are traded since October 2006. Because the EU ETS is a new market, the relevant underlying model for option pricing is still a...

In recent literature a relevant problem has been the relationship between career/personal contact networks and different career paths. In addition, the recent advances in social capital theory have shown the way in which networks impact on personal careers. In particular women's careers appear...

Regarding complex networks, one of the most relevant problems is to understand and to explore community structure. In particular it is important to define the network organization and the functions associated to the different network partitions. In this context, the idea is to consider some new...

We revisit the question whether commodities should be included in investors' portfolios. We employ for the first time a stochastic dominance efficiency (SDE) approach to construct optimal portfolios with and without commodities and we evaluate their comparative performance. SDE circumvents the...

In this paper we calculate the Italian Cities Sustainable Development Goals (SDGs) Composite Index potentially useful for policy analysis and dissemination of sustainable development at local level in Italy. Structured into several dimensions representing 16 out of 17 SDGs adopted by the United...

We compare different indicators of the spread and consequences of the COVID-19 pandemic, developing a novel method to adjust daily COVID-19 deaths to match weekly excess mortality. Focusing on Sweden, the only country that has good data and did not impose a lockdown, we construct counterfactuals...

This paper examines the effects of monetary policy shocks on UK regional economic growth and dispersion in a novel Constrained Mixed Frequency Vector Autoregressive framework. Compared to a standard MFVAR, the model partially accounts for missing quarterly observations for regional growth by...

This paper uses a FAVAR model with external instruments to show that the policy uncertainty shocks are recessionary and are associated with an increase in the exit of firms and a decrease in entry and in the stock price with total factor productivity rising in the medium run. To explain this...

This paper uses a range of structural VARs to show that the response of US stock prices to fiscal shocks changed in 1980. Over the period 1955-1980 an expansionary spending or revenue shock was associated with modestly higher stock prices. After 1980, along with a decline in the fiscal...