Title:Intergenerational Transfers of Time and Public Long-term Care with an Aging Population
Author(s):MIZUSHIMA, AtsueDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Although a large number of studies have been done on intergenerational transfers of goods, little is known about intergenerational transfers of time. In step with an increase in the aging of the population, the demand for ...
Title:Internal Hierarchy and Stable Coalition Structures
Author(s):MORELLI, Massimo; PARK, In-UckDate:2011-01-01Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:When an agent decides whether to join a coalition or not, she must consider both i) the expected strength of the coalition and ii) her position in the vertical structure within the coalition. We establish that there exists ...
Title:International Competition and U.S. R&D Subsidies: A Quantitative Welfare Analysis
Author(s):IMPULLITI, GiammarioDate:2008Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:The geographical distribution of R&D investment changes dramatically in the 1970s
and 1980s. In the early 1970s U.S. firms are the uncontested world leaders in R&D
investment in most manufacturing sectors. Later, led by ...
Title:International Competition and U.S. R&D Subsidies: A Quantitative Welfare Analysis
Author(s):IMPULLITI, GiammarioDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The geographical distribution of R&D investment changes dramatically in the 1970s and 1980s.
In the early 1970s U.S. firms are the uncontested world leaders in R&D investment in most manufacturing
sectors. Later, led by ...
Title:International Consumption Insurance and Within-Country Risk Reallocation
Author(s):LO PRETE, AnnaDate:2008Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:Institutions meant to reallocate risks that cannot be fully diversified on financial
markets, such as labour income fluctuations, may also affect the response of aggregate
consumption to country-specific income shocks. ...
Title:The International Dimension of Productivity and Demand Shocks in the US Economy
Author(s):CORSETTI, Giancarlo; DEDOLA, Luca; LEDUC, SylvainDate:2008Type of Publication:Working PaperSeries/Report no.:CEPRAbstract:This paper investigates the international dimension of productivity and demand shocks to US manufacturing. Identifying shocks with sign restrictions based on standard theory predictions we find that productivity gains in ...
Title:International Risk Sharing and the Transmission of Productivity Shocks
Author(s):CORSETTI, Giancarlo; DEDOLA, Luca; LEDUC, SylvainDate:2004Type of Publication:Working PaperSeries/Report no.:CEPR discussion paperAbstract:A central puzzle in international finance is that real exchange rates are volatile and, in stark contradiction to efficient risk sharing, negatively correlated with cross-country consumption ratios. This Paper shows that ...
Title:The International Risk-Sharing Puzzle is at Business Cycle and Lower Frequency
Author(s):CORSETTI, Giancarlo; DEDOLA, Luca; VIANI, FrancescaDate:2011-01-01Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We decompose the Backus-Smith [1993] statistic -- a low or negative correlation between relative consumption and the real exchange rate at odds with a high degree of international risk sharing -- in its dynamic components ...
Title:International Schumpeterian Competition and Optimal R&D Subsidies
Author(s):IMPULLITI, GiammarioDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:This paper studies the welfare effects of international competition in the market for
innovations, and analyzes how competition affects the costs and the benefits of
cooperative and non-cooperative R&D subsidies. I set ...
Title:International Schumpeterian competition and optimal R&D subsidies
Author(s):IMPULLITI, GiammarioDate:2007Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:This paper studies the welfare effects of international competition in the market for
innovations, and analyzes how competition affects the costs and the benefits of
cooperative and non-cooperative R&D subsidies. I set ...
Title:International Trade and Growth: The Impact of Selection and Imitation
Author(s):STÖLTING, SarahDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:This paper develops an endogenous growth model with heterogeneous firms to analyze
the impact of intra-industry trade on productivity growth. Growth is generated by selection,
and sustained by entrants imitating successful ...