Title:Learning within a Markovian Environment
Author(s):RIVAS, JavierDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We investigate learning in a setting where each period a population has to choose
between two actions and the payoff each action is unknown by the players. The population
learns according to reinforcement and the environment ...
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:Macroeconomics of Subsistence Points
Author(s):RAVN, Morten O.; SCHMITT-GROHE, Stephanie; URIBE, MartinDate:2004Type of Publication:Working PaperSeries/Report no.:NBER Working Paper
Title:Mafia and Public Spending: Evidence on the Fiscal Multiplier from a Quasi-experiment
Author(s):ACCONCIA, Antonio; CORSETTI, Giancarlo; SIMONELLI, SaverioDate:2011-01-01Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We estimate the multiplier by relying on differences in spending in infrastructure across Italian provinces and an instrument identifying investment changes that are large and exogenous to local cyclical conditions. We ...