Title:Vintage Capital
Author(s):BOUCEKKINE, Raouf; DE LA CROIX, David; LICANDRO, OmarDate:2006Type of Publication:Working PaperSeries/Report no.:EUI ECO
Title:Vintage Capital And the Dynamics of the AK Model
Author(s):BOUCEKKINE, Raouf; LICANDRO, Omar; PUCH, Luis A.; DEL RIO, FernandoDate:2002Type of Publication:Working PaperSeries/Report no.:EUI ECO
Title:The Volatility Costs of Procyclical Lending Standards: An Assessment Using a DSGE Model
Author(s):GRUSS, Bertrand; SGHERRI, SilviaDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The ongoing financial turmoil has triggered a lively debate on ways of containing systemic risk and lessening the likelihood of future boom-and-bust episodes in credit markets. Particularly, it has been argued that banking ...
Title:Volatility, Financial Development and the Natural Resource Curse
Author(s):VAN DER PLOEG, Frederick; POELHEKKE, StevenDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Cross-country evidence is presented on resource dependence and the link between volatility and
growth. First, growth depends negatively on volatility of unanticipated output growth
independent of initial income per capita, ...
Title:Voting and Decisions in the ECB
Author(s):BRUECKNER, MatthiasDate:1997Type of Publication:Working PaperSeries/Report no.:EUI ECO
Title:Voting, Lobbying, and the Decentralization Theorem
Author(s):LOCKWOOD, BenDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:This paper revisits the fiscal "decentralization theorem", by relaxing the role of
the assumption that governments are benevolent, while retaining the assumption of
policy uniformity. If instead, decisions are made by ...
Title:Weak Instruments and Weak Identification in Estimating the Effects of Education on Democracy
Author(s):COVIELLO, Decio; BOBBA, MatteoDate:2006Type of Publication:Working PaperSeries/Report no.:American Development Bank Working PaperAbstract:Is there any relation between education and democracy? Once we correct for weak instruments and identify education as 'weakly exogenous' we find new evidence that education systematically predicts democracy. Our results ...
Title:What Determines Entrepreneurial Clusters?
Author(s):GUISO, Luigi; SCHIVARDI, FabianoDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We contrast two potential explanations of the substantial differences in entrepreneurial activity observed across geographical areas: entry costs and external effects. We extend the Lucas model of entrepreneurship to allow ...
Title:What Do CEOs Do?
Author(s):BANDIERA, Oriana; GUISO, Luigi; PRAT, Andrea; SADUN, RaffaellaDate:2011-01-01Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We develop a methodology to collect and analyze data on CEO’s time use. The idea sketched out in a simple theoretical set-up is that CEO time is a scarce resource and its allocation can help us identify the firm’s priorities ...
Title:What Drives Women Out of Entrepreneurship? The Joint Role of Testosterone and Culture
Author(s):GUISO, Luigi; RUSTICHINI, AldoDate:2011-01-01Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The ratio of second to fourth digit (2D4D) has been shown to correlate negatively with entrepreneurial skills and financial success. We document that in a sample of entrepreneurs women have a lower 2D4D ratio than men, in ...
Title:What Should Central Banks do about Real Estate Prices?
Author(s):ALLEN, Franklin; CARLETTI, ElenaDate:2011-01-01Type of Publication:Working PaperSeries/Report no.:Wharton Financial Institutions CenterAbstract:Many central banks use inflation targeting as the basis for their monetary policy. The
underlying notion of this approach is that there are no long term benefits in terms of reduced
unemployment from having inflation. ...