We design a statistical model for measuring the homogeneity of a financial network that evolves over time. Our model focuses on the level of diversi- fication of financial institutions; that is, whether they are more inclined to distribute their assets equally among partners, or if they rather...

"In year 1999 the EURO working group on Multiple Criteria Decision Aiding celebrated 25 years of activity, that is 50 regular meetings. This book contains a selection of papers presented at the 49th meeting (which took place in Milano and Como, Italy, 18-19/3/1999) and 50th meeting (which took...

“Behavioural insights”, or insights derived from the behavioural and social sciences, including decision making, psychology, cognitive science, neuroscience, organisational and group behaviour, are being applied by governments with the aim of making public policies work better. As their use...

This paper investigates in a non-linear setting the impact on the real economy of frictions stemming from the financial sector. We develop a medium scale DSGE model with a banking sector where an occasionally binding constraint on banks' capital induces a relevant non-linearity. The model -...