Search results for "Economia Politica"
showing 10 items of 179 documents
Growth Volatility and the Structure of the Economy
2011
The aim of the chapter is twofold: (i) to propose a methodology to compute the growth rate volatility of an economy and (ii) to investigate the relationship between growth volatility and economic development through the lenses of the structural characteristics of an economy. We study a large cross-section of countries in the period 1970–2009, controlling for the stability of the estimates in two subperiods: 1970:1989 (Period I) and 1990:2009 (Period II). Our main findings are (i) the degree of trade openness has a destabilizing effect, while the degree of financial openness has not a significant effect; (ii) the size of the public sector displays a U-shaped relationship with growth volatili…
The Effects of Fiscal Redistribution
2016
L'eredità politica di Margaret Thatcher e la costruzione della società aperta
2014
The paper offers a prospective interpretation of Margaret Thatcher’s political legacy and offers some observations about the chances for a reproduction of her pro-freedom policies in the current historical circumstances. In so doing, the paper discusses the political relevance of classical liberalism and suggests that, if we want to increase individual freedoms and affirm the open society, we must change the “book of prescriptions” currently used by classical liberals.
A spatially-filtered mixture of beta-convergence regressions for European regions, 1980-2002
2009
Abstract social choice and implementation in finite and infinite societies
2006
The Taylor Rule and the Practice of Central Banking
2010
The Taylor rule has revolutionized the way many policymakers at central banks think about monetary policy. It has framed policy actions as a systematic response to incoming information about economic conditions, as opposed to a period-by-period optimization problem. It has emphasized the importance of adjusting policy rates more than one-for-one in response to an increase in inflation. And, various versions of the Taylor rule have been incorporated into macroeconomic models that are used at central banks to understand and forecast the economy. This paper examines how the Taylor rule is used as an input in monetary policy deliberations and decision-making at central banks. The paper characte…
Persistence in Italian rate of Unemployment in presence of breaks and regional asymmetries
2006
This work aims to test the persistence of Italian unemployment rate during last fifty years. To this scope we find evidences of a unit root, also when we allow for the presence of structural shifts so that the level of unemployment has a path dependant behaviour. Secondly, we test a possible explanation of the persistence through the presence of cointegration relationships with some institutional labour market variables, such as the union membership. Thirdly, there are asymmetric macroregional behaviours so that the great bulk of persistence is given by Center – Southern unemployment. It implies that changes in unemployment level have longer duration in the poorest part of the country.
Istituzioni di Economia Politica, Volume II, Macroeconomia, Seconda edizione
2008
Religione, Fiducia e Comportamenti economici
2012
Nell'ambito del progetto Prin 2007, Religioni, democrazia economica e cooperazione nello spazio euro mediterraneo. Partenariato e buone prassi, l’attenzione del contributo è rivolto ad analizzare i legami tra scienza economica e religione. Si osserva come un elemento spesso dimenticato è la fiducia anche per il rinforzo sulle motivazioni intrinseche e materiali del comportamento dell’individuo e nel contesto sociale in cui opera. Le religioni hanno elementi comuni e spiegano diverse problematiche economiche prima fra tutte le relazioni di natura creditizia che –come prima indicato-hanno nella natura fiduciaria un elemento di stabilità come anche le attuali crisi finanziarie hanno dimostrato…
The Sylos Postulate reconsidered
2016
This chapter makes a textual comparison between the 1957 2nd Italian edition and the 1962 1st American edition of Oligopoly and Technical Progress, showing that Sylos Labini added to the later edition some fresh sections concerning new firms’ entry and incumbents’ reaction which partially contradict Modigliani’s 1958 presentation of the Sylos Postulate. The theoretical differences between Sylos Labini and Modigliani with regard to the assumption of constant output are traced back to their different modelling strategies on how to tackle the issue of external firms’ conjectures in determining the long-run oligopoly equilibrium price.