Browsing Department of Economics (ECO) by Author "OLIVIERO, Tommaso"

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Browsing Department of Economics (ECO) by Author "OLIVIERO, Tommaso"

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    Title: Financial intermediation, house prices, and the distributive effects of the U.S. great recession  Author(s): MENNO, Dominik; OLIVIERO, Tommaso Date: 2013 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: This paper quantifies the effects of credit spread and income shocks on aggregate house prices and households’ welfare. We address this issue within a stochastic dynamic general equilibrium model with heterogeneous households ...
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    Title: Family Firms and the Agency Cost of Debt: The role of soft information during a crisis  Author(s): D’AURIZIO, Leandro; OLIVIERO, Tommaso; ROMANO, Livio Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: In this paper we study how access to bank lending during the recent financial crisis differed between family and non-family firms. Our theoretical prediction is that the presence of a family block-holder in the company ...