Questo lavoro si propone il compito di illustrare le implicazioni relative in particolare riguardo stabilità e crescita. Le ragioni dell'unione sono da ricercare nei fattori politici tendenti ad evitare il ripetersi di una guerra mondiale argomento verso il quale le ceneri dell'Europa rendeva...

Business cycles denote oscillations in economy as a result of downturns and expansions. The macroeconomic variable under our investigation is income as derived by the dynamic interaction with capital, consumption and investment. In this paper, a Kaldorian business cycle model is used to simulate...

It is well known that the Cox-Ingersoll-Ross (CIR) stochastic model to study the term structure of interest rates, as introduced in 1985, is inadequate for modelling the current market environment with negative short interest rates. Moreover, the diffusion term in the rate dynamics goes to zero...