This paper describes a dynamic stochastic general equilibrium model featuring a fraction of
non-Ricardian agents in order to estimate the effects of fiscal policy in the Euro area. The …

A substantial literature has investigated the role of relationship lending in shielding
borrowers from idiosyncratic shocks. Much less is known about how lending relationships …

In this paper we argue that tax enforcement is an additional contextual factor affecting tax
morale, one of the most important determinants of tax compliance. By using a unique dataset …

In this article, we develop a mixed frequency dynamic factor model in which the disturbances
of both the latent common factor and of the idiosyncratic components have time-varying …

Using data from a large sample of Italian manufacturing firms we provide novel empirical
evidence on the magnitude of local productivity advantages in two types of spatially …

We aim to provide an explanation for the combination of the relatively low female
participation rates and lowest‐low fertility levels in I taly. Starting from the assumption that …

We exploit highly disaggregated bank-firm data to investigate the dynamics of foreign vs
domestic credit supply in Italy around the period of the Lehman collapse, which brought a …

This paper employs fifteen dynamic macroeconomic models maintained within the
European System of Central Banks to assess the size of fiscal multipliers in European …

We provide an assessment of the determinants of the risk premium paid by non-financial
corporations on long-term bonds. By looking at 5500 issues over the period 2005–2012, we …

In this paper we contribute to the empirical literature on the size of network effects of public
infrastructures. A novel approach is introduced to this purpose. Moving from estimates of the …