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Persistent link: https://www.econbiz.de/10011696464
operating in a soft budget regime. The methodology is a case study of the shift in budget regime in Italy in the late 1980s. The …
Persistent link: https://www.econbiz.de/10010279332
This report provides an overview of the causes and consequences of the Italian State-owned Enterprises (SOE) reform process. Particularly, it analyzes the symbiotic link between share issue privatization (SIP), i.e. privatization in public equity markets, and financial market development, and...
Persistent link: https://www.econbiz.de/10010312583
biotechnology industry in Italy, whose firms, by definition, have Intellectual Property (IP) activities in their portfolios. For …
Persistent link: https://www.econbiz.de/10010263794
directions since then: Italy privatized its publicly-owned banks while Germany has maintained a large share of state …
Persistent link: https://www.econbiz.de/10010298779
A dynamic general equilibrium model of the Italian economy is used to assess the impact of carbon taxation (or auctioned carbon permits), where additional revenue is used to cut either existing taxes on labour or on capital income. Simulation results do not support the existence of the so-called...
Persistent link: https://www.econbiz.de/10011335683
Public finance solutions to high unemployment in Europe have often been advocated during the past years. With unemployment concentrated among the young and unskilled, it has been suggested that the reduction of social security contributions for low wage earnings, financed by a carbon tax, could...
Persistent link: https://www.econbiz.de/10011335701
to take spatial dependence into account. Using data for Italy for the years 1991 and 2001, we apply exploratory spatial …
Persistent link: https://www.econbiz.de/10010325572
This paper documents the structure, estimation and simulation properties of the Italian block of the ESCB-multi-country model (MCM). The model is used regularly as an input into Eurosystem projection exercises and, to a lesser extent, in simulation analysis. The specification of the Italian...
Persistent link: https://www.econbiz.de/10011604706
’s prosperity. The paper focuses on olitical events in Italy over the past 35 years and asks whether the adoption of the euro in … 1999 has helped insulate Italy’s financial markets from the adverse consequences of its traditionally unstable political … system. We find that important political events have exerted a statistically and economically significant effect on Italy …
Persistent link: https://www.econbiz.de/10011605110