There is a general acceptance of the fact that a significant direct relationship between financial markets and macroeconomic variables exists, especially by considering the assertion that developed financial markets correspond to high GDP levels. This paper provides an investigation of the...

This chapter discusses the Proceedings of the JRC-IEA Roundtable, which objective was to promote a technical debate on the recent developments of DSGE and alternative modelling strategies, the main mechanisms at play and their effectiveness in assessing the impact of R&D and innovation policies....

Universities are institutions whose activities have important economic and social impacts on their nearest surroundings. Most studies of the economic impact of universities analyze exclusively the impacts on the demand side, the effects on output, income and employment deriving from the...