Using theoretical models about the interaction between monetary policy-making and wage bargaining institutions, some researchers had been predicting an acceleration in wage growth under EMU (Iversen and Soskice 1998; Iversen et al 2000; Cukierman and Lippi 2001). However, the empirical evidence shows...

This paper investigates the effects of monetary policy in presence of heterogeneous consumers. We study the effectiveness (quantitative effects) of monetary policy and equilibrium determinacy properties of a New Keynesian DSGE model where a fraction of households cannot smooth consumption. We...

Sulla scorta di una revisione critica dei concetti di loisir, territorio, distretto, fiducia comunitaria, creatività, innovazione sociale, vengono ipotizzati dei distretti di produzione del gusto come elementi con dinamiche produttive assimilabili a quelle avute nelle regioni della c.d. Terza...

Karl Marx was one of the first analysts of capitalism’s trends and problems. Here I offer a formal exposition of his thesis that the rate of profit tends to fall as a consequence of capital accumulation and analyze the most well-known counter-arguments. I then use the framework developed in...

This paper aims to study the rationale of women’ political participation in Great Britain. In particular, we focus on the impact of family orientations about gender inequalities as people’s attitudes can often predict behavior patterns; we also consider other factors related to gender...

Following the recent developments of the literature on stabilization policies, this paper investigates the effect of tax distortions on equilibrium determinacy in a New Keynesian economy with rule-of-thumb consumers and capital accumulation. In particular, we focus on the inter-action between...