We develop an OLG model with productive capital accumulation, frictional financial markets,
sticky prices and a form of heterogeneity among households which splits them between …

The macroeconomic effects of a selective wage subsidy targeted to new labour hires are
evaluated and compared with those of standard fiscal instruments. The analyses are based …

This paper adds to the large body of literature on the effects of technology shocks empirically
and theoretically. Using a structural vector error correction model, we first provide evidence …

We develop a monetary open economy model characterized by a highly detailed labor
market structure and fiscal sector. By introducing a distinction between the wage negotiated …

This paper investigates the importance of technology shock in explaining fluctuations over
business cycles and its contractionary effects. Applying the SVEC model on quarterly data of …

Non zero sovereign and private sector default probabilities are introduced in a monetary
open economy model considering a monopolistically competitive financial sector. This …

This article provides a critical review of the foundations of the new Keynesian apparatus, to
evaluate the actual strength of the Keynesian inheritance. As a reference of the Keynesian …

I risultati mostrano che gli effetti macroeconomici degli interventi considerati sono solo
trascurabili nel medio-lungo periodo, mentre quelli occupazionali sono moderatamente …

This paper adds to the large literature on the effects of technology shocks empirically and
theoretically. Using a SVEC model, we first show that not only hours but also investment …