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 ...
Title:Market Regulation and Firm Performance: The Case of Smoking Bans in the UK
Author(s):ADDA, Jérôme; BERLINSKI, Samuel; BHASKAR, V.; MACHIN, StephenDate:2011Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:This paper analyzes the effects of a ban on smoking in public places upon firms and consumers. Analysis of survey data from public houses finds that the Scottish smoking ban (introduced in March 2006) reduced pub sales and ...
Title:Market vs. Institutions: The Trade-off Between Unemployment and Wage Inequality Revisited
Author(s):BICAKOVA, AlenaDate:2006Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The trade-off hypothesis suggests that high wage inequality in the US and the UK and
high unemployment in countries of continental Europe are consequences of the same
negative change in the demand for the low skilled ...
Title:Markets and Contracts
Author(s):BISIN, Alberto; GEANAKOPOLS, John; GOTTARDI, Piero; MINELLI, Enrico; POLEMARCHAKIS, HeraklesDate:2010Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Economies with asymmetric information are encompassed by an extension of
the model of general competitive equilibrium that does not require an explicit
modeling of private information. Sellers have discretion over ...
Title:Markets for Information: Of Inefficient Firewalls and Efficient Monopolies
Author(s):CABRALES, Antonio; GOTTARDI, PieroDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:In this paper we study, within a formal model, market environments where information is costly to acquire and is of use also to potential competitors. Agents may then sell, or buy, reports over the information acquired and ...
Title:Markov-Perfect Optimal Fiscal Policy: The Case of Unbalanced Budgets
Author(s):ORTIGUEIRA, Salvador; PEREIRA, JoanaDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We study optimal income taxation and public debt policy in a neoclassical economy pop-
ulated by infinitely-lived households and a benevolent government. The government makes
sequential decisions on the provision of a ...
Title:Markov-Switching MIDAS Models
Author(s):GUÉRIN, Pierre; MARCELLINO, MassimilianoDate:2011Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:This paper introduces a new regression model - Markov-switching mixed data sampling (MS-MIDAS) - that incorporates regime changes in the parameters of the mixed data sampling (MIDAS) models and allows for the use of ...
Title:Matching Firms, Managers and Incentives
Author(s):BANDIERA, Oriana; GUISO, Luigi; PRAT, Andrea; SADUN, RaffaellaDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We provide evidence on the match between firms, managers and incentives using a new survey designed for this purpose. The survey contains information on a sample of executives’ risk preferences and human capital, on the ...
Title:Matching Theory and Data: Bayesian Vector Autoregression and Dynamic Stochastic General Equilibrium Models
Author(s):KRIWOLUZKY, AlexanderDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:This paper shows how to identify the structural shocks of a Vector Autoregression (VAR) while simultaneously estimating a dynamic stochastic general equilibrium (DSGE) model that is not assumed to replicate the data-generating ...