Exchange Rate Volatility and Productivity Growth: The Role of Financial Development

The Response of Prices to Technology and Monetary Policy Shocks under Rational Inattention

Banking panics and deflation in dynamic general equilibrium

The Rigidity of Choice. Life cycle savings with information-processing limits

Household Investment in Pension Funds: the Italian Experience

Bayesian Semiparametric Estimation of Elliptic Copulae

Labor market and Schooling Choice: Italy vs US

Ethnolinguistic Diversity: Origins and Implications

Many Sectors Meet More Skills: Intersectoral Linkages and the Skill Bias of Technology

Personal Bankruptcy Law and Entrepreneurship A Quantitative Assessment

The marginal likelihood of Structural Time Series Models, with application to the US and the euro area NAIRU

Trust, Truth, Status and Identity an experimental inquiry

Understanding the Income Gradient in College Attendance in Mexico: The Role of Heterogeneity in Expected Returns to College

The influence of the mother’s power on her child’s labor in Mexico

Risk-Sharing and the Probability of Crises

Market Power and Merger Simulation in Retail Banking

Modeling the Phillips curve with unobserved components

License Reform in India: Theory and Evidence

From distribution-freeness to semiparametric efficiency: sixty years of rank-based inference

Essential Interest-Bearing Money

Nature or Nurture? Learning and the Geography of Female Labor Force Partecipation

Immigrant Networks and Their Implications for occupational Choice and Wages

Competing Influence

Role effects in education transmission

The Effect of Government Consumption on Private Consumption: Evidence from Micro Data

Stepping of the escalator: A theory of the equilibrium employment rate

Heaping and leaping: Survey response behaviour and the dynamics of self-reported consumption expenditure

Economic growth with bubbles

What Makes a Test Score? The Respective Contributions of Pupils, Schools and Peers in Achievement in English Primary Education

With A Little Help from my…Parents? Family Networks and Youth Labor Market Entry

Learning in Real Time: Theory and Empirical Evidence from the Term Structure of Survey Forecasts

Elasticity Optimism

Exchange Rate, Employment and Hours: What Firm-Level Data Say

Inference in the skew-t and related distributions

On the Sources of the Great Moderation

Long Memory Modelling of Inflation with Stochastic Variance and Structural Breaks

A New Perspective on “The New Rule” of the Current Account

Trust, Honesty and Regulations

Sensitivity of Impulse Responses to Small Low Frequency Co-movements: Reconciling the Evidence on the Effects of Technology Shocks

Cash Transfers to the Poor and Political Support

House Price Dynamics with Heterogenous Expectations

Quantile regression in panels with unobserved heterogeneity. With an application to the birthweight of children in US and Denmark
Paper n.2

Technology, Population and Natural Resources: A Theory of Take-off and Convergence to Sustainable Growth

Information-Constrained State-Dependent Pricing

A Generalized Spatial Panel Data Model with Random Effects

A theory of military dictatorships

The Construction of Empirical Credit Scoring Rules Based on Maximization Principles

Trend Inflation and Inflation Persistence in the New Keynesian Phillips Curve

Equilibrium Models of the Marriage Market

Long-term Determinants of Economic Outcomes

Inferring Labor Income Risk from Economic Choices: An Indirect Inference Approach

The Poor, the Rich and the Enforcer: Institutional Choice and Growth

Disability Risk, Disability Insurance and Life-Cycle Behaviour

Accommodating Emerging Giants

Rest Unemployment and Unionization

A Test of Narrow Framing

Central Bank Preferences, Distribution Forecasts and Economic Stability in a Small Open-economy

Fiscal Policy over the Real Business Cycle: A Positive Theory

Inflating the Beast: Political Incentives under Uncertainty

Decentralized Trading with Private Information, with Michael Golosov (MIT) and Guido Lorenzoni (MIT)

Bargaining with Arrival of New Traders with Andrzej Skrzypacz (Stanford GSB)

Prices and Market Shares in a Menu Cost Model

Growing Up in Bad Times: Macroeconomic Volatility and the Formation of Beliefs

Financial Innovation and the Persistence of the Extensive Margin

Moncasca 2008 Program

Carlo Altavilla - Matteo Ciccarelli
“Inflation models, optimal monetary policy and uncertain unemployment dynamics: Evidence from the US and the euro area”

Francesca Carapella
“Banking panics and deflation in dynamic general equilibrium”

Antoine Martin - Enghin Atalay - James McAndrews
“The Welfare Effects of a Liquidity-Saving Mechanism”

Luigi Paciello
“Do Aggregate Prices Adjust Faster to Aggregate Technology Shocks than to Monetary Policy Shocks?”

Guido Ascari
“Sacrifice ratio or welfare gain ratio? Disinflation in a DGSE monetary model”

Workshop Program
Anil Kashyap (Università di Chicago e membro del consiglio direttivo EIEF), Marco Pagano(University of Napoli and EIEF President), Giovanni Dell’Ariccia (IMF) presenteranno lavori su aspetti della crisi finanziaria originata nel mercato dei mutui subprime. Il workshop si svolgerà in Banca d’Italia, via Nazionale 91. Per motivi di spazio la partecipazione è solo su invito.

Presentazione Kashyap
Discussione Dario Focarelli (ANIA)
Presentazione Pagano
Discussion by Fernando Alvarez (University of Chicago)
Presentation by Dell’Ariccia
Discussione Carmelo Salleo (Banca d’Italia)

Testing for cointegration in high-dimensional systems

Tests of fit based on characterizations and their efficiences

The macroeconomics of fiscal consolidations in a Monetary Union: the case of Italy

Automobile Replacement: a Dynamic Structural Approach

The Pro-competitive Effect of Imports from China: An Analysis on Firm-level Price Data

Household Responses to Individual Shocks: Disability, Labour Supply and Marriage

Testing monotonicity of regression functions

The Economic and Demographic Transition, Mortality, and Comparative Development

Aggregate Fluctuations and the Network Structure of Intersectoral Trade

Analyzing the Random Coefficient Model Nonparametrically

Labor Market Friction, Firm Heterogeneity, and Aggregate Employment and Productivity

Intersection Bounds: Estimation and Inference

How Does Household Consumption Respond to Income Shocks?

A Comparison of Two Averaging Techniques with an Application to Growth Empirics

Why has Home Ownership Fallen Among the Young?

Mind the Gap! Consumer Perceptions and Choices of Medicare Part D Prescription Drug Plans.

Control Rights over Intellectual Property: Corporate Venturing and Bankruptcy Regimes

Generalized Linear Dynamic Factor Models - A Structure Theory

Hot and Cold Seasons in the Housing Market

Stochastic Model Specification Search for Gaussian and Non-Gaussian State Space Models

Three-Stage Semi-Parametric Estimation of T-Copulas: Asymptotics, Finite Samples Properties and Computational Aspects

News, Noise and Fluctuations: An Empirical Exploration

When the Highest Bidder Loses the Auction: Theory and Evidence from Public Procurement