Title:Liquidity Runs with Endogenous Information Acquisition
Author(s):ZWART, SanneDate:2008Type of Publication:ArticleAbstract:This paper analyzes a liquidity run model in which investors strategically acquire private information. The availability of information can eliminate the multiplicity typical for models without private information. Even ...
Title:Long Term Persistence
Author(s):GUISO, Luigi; SAPIENZA, Paola; ZINGALES, LuigiDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Is social capital long lasting? Does it affect long term economic performance? To answer these questions we test Putnam’s conjecture that today marked differences in social capital between the North and South of Italy were ...
Title:The Long-Run Educational Cost of World War II
Author(s):ICHINO, Andrea; WINTER-EBMER, RudolfDate:2004Type of Publication:ArticleAbstract:An important component of the long-run cost of a war is the loss of human capital suffered by school-age children who receive less education. Austrian and German individuals who were 10 years old during the conflict, or ...
Title:Lower and Upper Bounds of Returns to Schooling: An exercise in IV Estimation with Different Instruments
Author(s):ICHINO, Andrea; WINTER-EBMER, RudolfDate:1999Type of Publication:ArticleAbstract:Several recent studies based on exogenous' sources of variation in educational outcomes show IV estimates of returns to schooling that are substantially higher than the corresponding OLS estimates. Card (1995a, Earnings, ...
Title:LSM: A DSGE model for Luxembourg
Author(s):DEÁK, Szabolcs; FONTAGNE, Lionel; MAFFEZZOLI, Marco; MARCELLINO, MassimilianoDate:2011Type of Publication:ArticleAbstract:Luxembourg is a small open economy with a set of particular features, including rather limited competition in the domestic goods market, strong union power, and a segmented labor market for resident and non-resident workers. ...
Title:Macroeconomic Aspects in Resource-Rich Countries
Author(s):REY LOS SANTOS, LuisDate:2010Type of Publication:ThesisSeries/Report no.:EUI PhD thesesAbstract:Natural resources represent a good opportunity for economic growth and development in many resource-rich countries. However, not all these countries have benefited from the wealth stemming from natural resources. The ...