We use a quantitative economic geography model to explore subsidy competition among U.S. states. We ask what motivates state governments to subsidize firm relocations and quantify how strong their incentives are. We also characterize fully non-cooperative and cooperative subsidy choices and...

Using administrative data on mortgages issued in Italy between 2018 and 2019, this paper estimates loan demand elasticities to maturity and interest rate. We find that households are responsive to both contract terms: a 1% decrease in interest rate increases the average loan size by 0.22%...

Abstract: In Europe the public role of the religions appears to be directly proportional to the fall in trust in the procedural mechanisms at the basis of the liberal democracies. Compared to the strong identities attributed to the United States and to the Islamic world Europe is accused of...