We study monetary policy in a New Keynesian (NK) model with endogenous growth and knowledge spillovers external to each firm. We find the following results: (i) technology and government spending shocks have different effects on growth; (ii) disinflationary monetary policies entail positive...

This study focuses on the technical and economic efficiency achieved in two local public service sectors: pharmaceutical services and integrated waste services. In the first study we also took in account the social dimension of the service as the health corner, the CUP service (e.g. Useful to...

The paper compares Italian and American households� wealth in 1998. The analysis is based on the Survey on Household Income and Wealth (Bank of Italy) and on the Survey of Consumer Finances (Federal Reserve Board). Tangible assets appear to be the main wealth component in both countries. In...

The paper assesses whether the monthly returns of the listed shares of Italian banks are predicted by changes in balance-sheet indicators. The sample covers the period from January 1997 to June 2003. Estimates use both unadjusted and risk-adjusted returns. Results show that the stock returns of...

Il lavoro riconsidera l'andamento della produttivita' industriale in Italia nel decennio precedente la crisi, impiegando un vasto database di microdati di impresa. Particolare attenzione eÃƒÄ dedicata all‚Äôevoluzione della produttivitaÃƒÄ dei principali comparti della manifattura...

Il presente lavoro intende in prima battuta analizzare l'efficienza dei sistemi sanitari regionali sulla base della qualità percepita dai pazienti. Quest'ultima è stata calcolata sulla mobilità interregionale: flusso dei pazienti extra-regione (immigrati o mobilità positiva) confrontato con...

The debate in Italy on the recent disappointing performance of GDP growth has focused on the increasing competitive pressure exerted by firms located in the developing countries and specialized in key product sectors of Italian manufacturing. This paper contributes by explicitly quantifying the...

A well known macroeconometric model of the Italian economy is updated to produce forecasts at 1974.

In econometric models specified as systems of simultaneous equations, forecast errors can be regarded as random variables whose variances can be investigated, analyzed and estimated. This book summarizes results available in the literature for linear and nonlinear econometric models, when...

Problems related to deterministic solution of nonlinear econometric models are well known in the literature. The use of mean (average) stochastic simulation results has been usually proposed to solve the problem of bias. This raises however other types of problems, like possible non-coherent...