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Reconstructing income inequality in Italy: New evidence and tax policy implications from distributional national accounts
Guzzardi, Demetrio; Palagi, Elisa; Roventini, Andrea; … - 2022
This work reconstructs novel series on income distribution in Italy combining survey data, tax data and National Accounts both at the national and regional levels, and it analyzes the overall progressivity of the tax system. Our new Distributional National Accounts allow to correct for...
Persistent link: https://www.econbiz.de/10013205385
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An agent-based model of trickle-up growth and income inequality
Palagi, Elisa; Napoletano, Mauro; Roventini, Andrea; … - 2021
We build an agent-based model to study how coordination failures, credit constraints and unequal access to investment … projects associated with different productivity growth rates. Access to investment projects also depends on credit availability …. The income of each household is determined by the output of the project but also by aggregate demand conditions. We show …
Persistent link: https://www.econbiz.de/10012651883
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Reconstructing income inequality in Italy : new evidence and tax policy implications from distributional national accounts
Guzzardi, Demetrio; Palagi, Elisa; Roventini, Andrea; … - 2022
This work reconstructs novel series on income distribution in Italy combining survey data, tax data and National Accounts both at the national and regional levels, and it analyzes the overall progressivity of the tax system. Our new Distributional National Accounts allow to correct for...
Persistent link: https://www.econbiz.de/10013161526
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An agent-based model of trickle-up growth and income inequality
Palagi, Elisa; Napoletano, Mauro; Roventini, Andrea; … - 2021
We build an agent-based model to study how coordination failures, credit constraints and unequal access to investment … projects associated with different productivity growth rates. Access to investment projects also depends on credit availability …. The income of each household is determined by the output of the project but also by aggregate demand conditions. We show …
Persistent link: https://www.econbiz.de/10012584308
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An agent-based model of trickle-up growth and income inequality
Palagi, Elisa; Napoletano, Mauro; Roventini, Andrea; … - 2021
We build an agent-based model to study how coordination failures, credit constraints and unequal access to investment … projects associated with different productivity growth rates. Access to investment projects also depends on credit availability …. The income of each household is determined by the output of the project but also by aggregate demand conditions. We show …
Persistent link: https://www.econbiz.de/10013220316
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Rock around the clock: an agent-based model of low- and high-frequency trading
Leal, Sandrine Jacob; Napoletano, Mauro; Roventini, Andrea - 2014
We build an agent-based model to study how the interplay between low- and high- frequency trading affects asset price dynamics. Our main goal is to investigate whether high-frequency trading exacerbates market volatility and generates flash crashes. In the model, low-frequency agents adopt...
Persistent link: https://www.econbiz.de/10011335909
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Fiscal and monetary policies in complex evolving economies
Dosi, Giovanni; Fagiolo, Giorgio; Napoletano, Mauro; … - 2014
In this paper we explore the effects of alternative combinations of fiscal and monetary policies under different income distribution regimes. In particular, we aim at evaluating fiscal rules in economies subject to banking crises and deep recessions. We do so using an agent-based model populated...
Persistent link: https://www.econbiz.de/10011335917
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Micro and macro policies in the Keynes+Schumpeter evolutionary models
Dosi, Giovanni; Napoletano, Mauro; Roventini, Andrea; … - 2014
Minskian (credit cycle) elements feed back into the meso and macro dynamics. The model is able to endogenously generate long …
Persistent link: https://www.econbiz.de/10011335925
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The short- and long-run damages of fiscal austerity: Keynes beyond Schumpeter
Dosi, Giovanni; Napoletano, Andrea; Roventini, Andrea; … - 2014
In this work we analyze the short- and long-run effects of fiscal austerity policies, employing an agent-based model populated by heterogeneous, boundedly-rational firms and banks. The model, in line with the family of "Keynes+Schumpeter" formalism, is able to account for a wide array of macro...
Persistent link: https://www.econbiz.de/10011335928
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Time-varying fiscal multipliers in an agent-based model with credit rationing
Napoletano, Mauro; Roventini, Andrea; Gaffard, Jean Luc - 2015
to study how fiscal multipliers can change over the business cycle and are affected by the state of credit markets. We …, the size and dynamics of government spending multipliers are related to the degree and persistence of credit rationing in …, we show that different conditions in the credit market significantly affect the size and the evolution of fiscal …
Persistent link: https://www.econbiz.de/10011335950