There are demands on central banks and financial regulators to take on new responsibilities for supporting the transition to a low-carbon economy. Regulators can indeed facilitate the reorientation of financial flows necessary for the transition. But their powers should not be overestimated....

The paper surveys three broad categories of labor market institutions in Italy: employment protection legislation, unemployment benefit systems, and wage bargaining arrangements. In each case, the recent evolution and current state of Italian institutions are evaluated and compared with those in...

The paper surveys three broad categories of labor market institutions in Italy: employment protection legislation, unemployment benefit systems, and wage bargaining arrangements. In each case, the recent evolution and current state of Italian institutions are evaluated and compared with those in...

Gravity factors explain a large part of Foreign Direct Investment (FDI) inflows in Southeastern Europe - a region not comprehensively covered before in econometric studies - but host-country policies also matter. Key are policies that affect relative unit labor costs, the corporate tax burden,...

The paper surveys three broad categories of labour market institutions in Italy: employment protection legislation, unemployment benefit systems, and wage bargaining arrangements. In each case, the recent evolution and current state of Italian institutions are evaluated and compared with those...

Gravity factors explain a large part of Foreign Direct Investment (FDI) inflows in transition economies, including in Southeastern Europe—a region not comprehensively covered before in econometric studies—but host country policies also matter. Key are policies that affect unit labor costs,...

Minimizing the adverse social and economic consequences of the energy transition is an important social aspiration. It is the essence of the "just transition," the connective tissue that binds together climate goals with social outcomes centered around jobs. This policy note proposes the first...