Estimating saving and fertility simultaneously by VAR method, we find that social security cover has a positive effect on household saving, and a negative effect on fertility. In Germany, as in other countries where the hypothesis was tested, social security is thus good for growth. A possible...

A vast literature has emphasized that small banks are at a comparative advantage in small business lending. In this paper, we show that apart from size, which is negatively correlated with bank specialization in small business lending, organizational characteristics affect bank loan portfolio...

Using a unique dataset based on the Bank of Italy's organizational survey, we find that – after having controlled for bank size – loan officers' authority has a key role in explaining bank specialization in small business lending. In particular, banks that delegate more decision-making power...

Questo lavoro presenta la stima di un modello econometrico per il credito bancario alle famiglie in Italia nel periodo 1984-2003. Il modello si compone di due equazioni: prestiti per l'acquisto di abitazioni e altri prestiti alle famiglie (tipicamente credito al consumo e finanziamenti in conto...

Questo lavoro presenta la stima di un modello econometrico del credito bancario alle imprese in Italia per il periodo 1988-2004. I prestiti bancari sono espressi in funzione del rapporto tra investimenti fissi e margine operativo lordo (che approssima il fabbisogno di finanziamenti esterni),...