a theoretical and empirical assessment of the Brazilian ACE variant. The main finding is that the Brazilian reform … increased. Investment appears to have benefited from the reform, although the extent to which this was due to the new structure …

possible outcome of the implementation of a State reform in order to weed out corruption. Growth is always higher when …

We study the effects of the reform of the system of severance payments (TFR) of Italian employees on the cost and the … access to credit for small and medium-size enterprises (SMEs). The most direct consequence of the reform is to reduce in the … long run the amount of liquid assets available to Italian firms. We argue that this reform, implemented in July 2007, will …

calibrate our model for the high unemployment countries of Europe. Our results suggest that this policy reform would …