By making use of a hazard function we derive a hybrid New Keynesian Wage Phillips curve (NKWPC) that is able to account for in‡ation persistence. This approach relies on the assumption that the probability to change a wage is a positive function of the time elapsed from last reset. By using...

This paper analyzes strategic interactions and contagion effects in countries joined to a monetary union. Using game theory and a cost-benefit analysis, the paper determines the set of equilibrium solutions under which country-specific shocks are transmitted to other member countries giving rise...

Questo lavoro si pone come obiettivo quello di proporre una definizione di innovazione sociale utile per analizzare dei processi sociali che si sviluppano dal basso, attraverso l’azione trasversale di individui, per affrontare bisogni insoddisfatti dalle istituzioni tradizionali con l'utilizzo...

We derive and estimate a small-scale DSGE model augmented with price and wage adjustment governed by a time-dependent mechanisms. Byusing positively sloping hazard functions, we micro-found price and wage inflation intrinsic persistence, as we derive price and wage Phillips curves characterized...

L’ambiente per sua natura è un bene pubblico e la sua tutela richiede, quindi, qualche tipo d’intervento. L’uso delle risorse naturali per attività economiche, anziché a fini di protezione ambientale, ad esempio, può essere regolato a livello di comunità locale per evitare un...

Our paper reconsiders the triadic design proposed by Cox (2004) to identify trust and reciprocity in investment games. Specifically, we extend the design in two directions. First, we elicit expectations by a fixed-fee incentive scheme and test the coherence of them with the triadic outcomes. We...

The public health literature focusing on the detrimental effects of social isolation has shown that the quantity of social connections is positively correlated with individual health. Drawing on pooled cross-sectional data, we test this hypothesis on a representative sample of the Italian...

Empirical studies have documented a decline in indicators of social participation in the last decades. The responsibility of social disengagement has been often attributed to pervasive busyness and the rising pressure of time. In this paper we argue that computer-mediated interaction, and...

This paper contributes to the literature by carrying out the first econometric investigation into the role of television in the formation of political consensus in Italy. Based on probit and instrumental variables estimates, we find trust in television to be the most significant predictor of...