Increased robot diffusion has raised concerns for its possible negative impact on employment. Following an empirical approach in line with those applied to the US and Germany with contrasting results, this paper provides evidence about the effect of robots on employment outcomes in Italy (second...

We examine the public debt management problem with respect to the maturity mix of new issues in a mean-variance framework. After identifying the main determinants of the long-run target (strategy), we focus on which interest rate conditions allow for a temporary deviation (tactics). The study is...

A political-economic model is provided to study the impact of low-skilled immigration on the receiving country's education system, in terms of sources of school funding, expenditure per pupil, and type of parents who are more likely to send children to privately funded schools. The education...

The Easter Island tragedy has become an allegory for ecological catastrophe and a warning for the future. In the economic literature the collapse is usually attributed to irrational or myopic behaviors in the context of a fragile ecosystem. In this paper we propose an alternative story involving...

This paper provides an empirical investigation of the substitution hypothesis between trade indebtedness and bank loans, based on a sample of 245,000 Italian firms for the period 2010-15, when episodes of bank credit contraction occurred. The econometric approach is based on a shift-and-share IV...