We examine the impact of household mortgages on house prices. Using biannual data on Italian cities for the years 2003-2015, we build an exogenous and fully data-driven indicator of mortgage supply stances and use it as an instrument for actual extended mortgages. Our results indicate that...

EU regional policies aim to push regions into self-sustaining growth. Successful interventions would imply a higher growth rate, not only during the treatment (when the region benefits from the transfers), but also after the expiry of the program (when the financing terminates). We investigate...

Italian Abstract:Il lavoro analizza le principali tendenze e le caratteristiche strutturali del settore del turismo in Italia, a cui sono riconducibili oltre il 5 per cento del PIL e oltre il 6 per cento dell’occupazione del Paese. Si mostra come negli anni più recenti il sistema turistico...