Title:Partisan Public Investment and Debt: The Case for Fiscal Restrictions
Author(s):BETTSMA, Roel M.W.J.; VAN DER PLOEG, FrederickDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The political distortions in public investment projects are investigated within a bipartisan framework. The role of scrapping and modifying projects of previous governments receives special attention. The ruling party ...
Title:Path Forecast Evaluation
Author(s):JORDÀ, Òscar; MARCELLINO, MassimilianoDate:2010Type of Publication:ArticleAbstract:A path forecast refers to the sequence of forecasts 1 to H periods into the future. A summary of the range of possible paths the predicted variable may follow for a given confidence level requires construction of simultaneous ...
Title:Path Forecast Evaluation
Author(s):JORDÀ, Òscar; MARCELLINO, MassimilianoDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:A path forecast refers to the sequence of forecasts 1 to H periods into the future. A summary of the range of possible paths the predicted variable may follow for a given confidence level requires construction of simultaneous ...
Title:Peer Effects and Peer Avoidance: Epidemic Diffusion in Coevolving Networks
Author(s):FOSCO, Constanza; MARSILI, Matteo; VEGA-REDONDO, FernandoDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We study the long-run-emergency of behavioral patterns in dynamic complex networks. Individuals display two kinds of behavior: G("good") or B ("bad"). We assume that agents have an innate tendency towards G, but can also ...
Title:Peer Effects and Peer Avoidance: The Diffusion of Behavior in Coevolving Networks
Author(s):FOSCO, Constanza; MARSILI, Matteo; VEGA-REDONDO, FernandoDate:2010Type of Publication:ArticleAbstract:We study the long-run emergence of behavioral patterns in dynamic complex networks. Individuals can display two kinds of behavior: G(good) or B (bad). We assume that the exposure of a G agent to bad behavior on the part ...
Title:Peer Effects in Free School Meals: Information or stigma?
Author(s):JAMES, JonathanDate:2012Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:This paper investigates peer effects in the take up of a welfare programme, free school meals, using the Pupil Level Annual School Census (PLASC) which collects data on every child attending school in England. To explore ...
Title:Pension Risk, Retirement Saving and Insurance
Author(s):GUISO, Luigi; JAPPELLI, Tullio; PADULA, MarioDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Using a representative sample of Italian investors, we estimate the risk associated with
pension benefits by eliciting for each individual the subjective distribution of the
replacement rate as a summary indicator of ...
Title:Pensions and Children
Author(s):CORSETTI, GiancarloDate:2009Type of Publication:Contribution to book
Title:Performance Funding in Federal Agencies: A Case Study of a Federal Job Training Program
Author(s):COURTY, Pascal; MARSCHKE, GeraldDate:2003Type of Publication:ArticleAbstract:Our case study highlights important details that enter into developing performance contingent budgeting schemesdetails that do not emerge in more general discussions of the subjectand shows how the handling of these ...
Title:The Performance of the European Central Bank
Author(s):ARTIS, Michael J.Date:2005Type of Publication:ArticleAbstract:The European Monetary Union has been in operation since 1 January 1999. The paper offers an interim assessment of the operations of the European Central Bank (ECB) during this period. It describes how the ECB defined its ...
Title:Personal Influence: Social context and political competition
Author(s):GALEOTTI, Andrea; MATTOZZI, AndreaDate:2011Type of Publication:ArticleAbstract:This paper studies the effect of social learning on political outcomes in a model of informative campaign advertising. Voters' communication network affects parties' incentives to disclose political information, voters' ...
Title:Policy Mix and Debt Sustainability: Evidence from Fiscal Policy Rules
Author(s):CLAEYS, PeterDate:2006Type of Publication:ArticleAbstract:This paper characterizes rules-based fiscal policy setting for G-3 and large
EMS countries. We set up a simple fiscal policy rule and then infer on the policymakers’
reaction coefficients by testing with GMM. Our results ...
Title:Policy Uncertainty and Investment in Low-Carbon Technology
Author(s):ALBRIZIO, Silvia; COSTA, HéliaDate:2012Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:In the context of an emission trading scheme (ETS), we study how uncertainty over the environmental policy affectsfirms' investment in low-carbon technologies. We develop a three period sequential model that combines the ...
Title:Policymakers' Votes and Predictability of Monetary Policy
Author(s):SIRCHENKO, AndreiDate:2010-01-01Type of Publication:Working PaperSeries/Report no.:University of California San Diego Economics Working Paper SeriesAbstract:The National Bank of Poland does not publish the Monetary Policy Council's voting records before the subsequent policy meeting. Using the real-time data, this paper shows that a prompter release of the voting records could ...