Working papers
IGIER fellows and affiliates publish books and articles in academic journals. Their current research projects are featured in the Working Paper series.
2011 - n° 388
Carlo A. Favero, Arie E. Gozluklu, Haoxi Yang
Keywords: demographics, affine term-strucutre models, forecasting
2011 - n° 385
Giacomo De Giorgi and Michele Pellizzari
Keywords: Social interactions, peer effects, teamwork
2011 - n° 384
Michela Braga, Marco Paccagnella and Michele Pellizzari
Keywords: Teacher quality, Postsecondary Education
2011 - n° 383
Mario Forni, Luca Gambetti and Luca Sala
Keywords: structural factor model, news shocks, invertibility, fundamentalness
2011 - n° 382
Simone Cerreia-Vioglio, Fabio Maccheroni, Massimo Marinacci and Luigi Montrucchio
2011 - n° 381
Matthias Messner, Nicola Pavoni andChristopher Sleet
2011 - n° 380
Matthias Messner and Mattias K. Polborn
Keywords: strategic voting, plurality rule, runoff rule, Duverger's Law and Hypothesis
2011 - n° 378
Marco Maffezzoli
Keywords: Tax Evasion, Income Heterogeneity, Incomplete markets
2011 - n° 377
Guido Alfani
2011 - n° 376
Pierpaolo Battigalli and Andrea Prestipino
Keywords: Epistemic game theory, Rationalizability, Forward induction, Transparent restrictions on beliefs
2011 - n° 375
Pierpaolo Battigalli, Alfredo Di Tillio and Dov Samet
2010 - n° 374
Elsa Artadi, Martina Bjorkman, and Eliana La Ferrara
2010 - n° 373
Fabio Maccheroni, Massimo Marinacci and Doriana Ruffino
2010 - n° 372
Michele Pellizzari and Giovanni Pica
2010 - n° 371
Sabrina Buti, Barbara Rindi,and Ingrid M. Werner
2010 - n° 370
Junye Lia, Carlo Favero and Fulvio Ortu
Keywords: Empirical characteristic function; Stochastic volatility; Infinite-activity jumps; Option pricing; Continuous GMM
2010 - n° 369
Francesco Billari and Vincenzo Galasso
Keywords: old-age security, quantity-quality trade-off, public pension systems,
2010 - n° 368
Vincenzo Galasso and Tommaso Nannicini
Keywords: political competition, political selection, probabilistic voting•
2010 - n° 367
Carlo A. Favero and Andrea Tamoni
Keywords: multiperiod iterated forecasts, direct regressions, stock marketrisk, demographics•
2010 - n° 366
Simone Cerreia-Vioglio, Fabio Maccheroni, Massimo Marinacci and Luigi Montrucchio
2010 - n° 365
Luca Sala, Ulf Soderstrom and Antonella Trigari
Keywords: Business cycles, Efficiency, Labor markets, Monetary Policy
2010 - n° 364
Tommy E. Murphy
Keywords: Economic history, France, demographic transition, nineteenth century,fertility decline
2010 - n° 363
Tommy E. Murphy
Keywords: economic history, demographic history (Europe pre-1913), France, demographic economics, fertility, cointegrated VAR, short-run analysis
2010 - n° 362
Katja Maria Kaufmann
Keywords: Schooling Choice, Credit Constraints, Subjective Expectations, Marginal Returns to Schooling, Local Instrumental Variables Approach, Mexico
2010 - n° 361
Carlo A. Favero and Francesco Giavazzi
Keywords: fiscal policy, public debt, government budget constraint, VARmodels
2010 - n° 360
Demographic Trends, the Dividend-Price Ratio and the Predictability of Long-Run Stock Market Returns
Carlo A. Favero, Arie E. Gozlukluand Andrea Tamoni
Keywords: dynamic dividend growth model, long run returns predictability, demographics
2010 - n° 359
Nenad Kos and Matthias Messner
Keywords: Incentive Compatibility, Revenue Equivalence, Budget Balance, Mechanism Design
2010 - n° 358
Fernanda Brollo and Tommaso Nannicini
Keywords: federal transfers, political alignment, regression discontinuity
2009 - n° 357
Avner Greif and Guido Tabellini
Keywords: Value, Culture, China, City, Cooperation
2009 - n° 356
Fernanda Brollo, Tommaso Nannicini, Roberto Perotti and Guido Tabellini
Keywords: government spending, corruption, political selection
2009 - n° 355
Francesco Giavazzi and Michael McMahon
Keywords: Precautionary savings; uncertainty and labor supply; wars of attrition
2009 - n° 354
Pietro Garibaldi. Francesco Giavazzi, Andrea Ichino andEnrico Rettore
Keywords: Tuition, Students Performance, Regression Discontinuity
2009 - n° 353
Francesco Giavazzi, Fabio Schiantarelli and Michel Serafinelli
Keywords: Culture, Policies, Institutions, Employment, Hours
2009 - n° 352
Andreas Billmeier and Tommaso Nannicini
Keywords: conomic liberalization, trade openness, growth, synthetic control methods
2009 - n° 351
Pierpaolo Battigalli and Amand Friedenberg
2009 - n° 350
Carlo Favero and Francesco Giavazzi
Keywords: fiscal policy, public debt, government budget constraint, VAR models
2009 - n° 349
Giovanni Immordino, Marco Pagano and Michele Polo
Keywords: innovation, liability for harm, safety regulation, authorization
2009 - n° 348
Massimo Bordignon, Tommaso Nannicini and Guido Tabellini
2008 - n° 347
Andreas Madestam
Keywords: Credit markets; Financial development; Institutions; Market structure
2008 - n° 346
Stefano Gagliarducci and Tommaso Nannicini
Keywords: political selection, efficiency wage, term limit, local finance, regression discontinuity design
2008 - n° 345
Andrea Tamoni, Arie E.Gozluklu and Carlo A.Favero
Keywords: dynamic dividend growth model, demographics, cointegration, forecasting stock market returns
2008 - n° 344
Alberto Alesina, Silvia Ardagna and Vincenzo Galasso
Keywords: Euro, structural reforms, deregulation, European labor markets
2008 - n° 343
Francesco C. Billari and Vincenzo Galasso
Keywords: old-age security, public pension systems, fertility, altruism
2008 - n° 342
Marcello DAmato and Vincenzo Galasso
Keywords: Pension Systems, Markov equilibria, social optimum
2008 - n° 341
Mark Gertler, Luca Sala and Antonella Trigari
2008 - n° 340
Pierpaolo Battigalli, Alfredo Di Tillio, Edoardo Grillo and Antonio Penta
Keywords: asymmetric information, type spaces, Bayesian games, rationalizability
2008 - n° 339
Francesco Daveri and Cecilia Jona-Lasinio
Keywords: Off-shoring; productivity growth; Italy's decline; Manufacturing
2008 - n° 338
Matthias Messner and Mattias K. Polborn
Keywords: supermajority rules, information, investment, option value
2008 - n° 337
Giovanni Immordino and Michele Polo
Keywords: norm design, innovative activity, enforcement, errors
2008 - n° 336
Fernanda Brollo
Keywords: Intergovernmental transfers, corruption, accountability, decentralization
2008 - n° 335
Anindya Banerjee and Massimiliano Marcellino
Keywords: Dynamic FactorModels, Error CorrectionModels, Cointegration, Factor-augmented Error Correction Models, VAR, FAVAR
2008 - n° 334
Anindya Banerjee, Massimiliano Marcellino and Igor Masten
Keywords: Factor models, forecasts, time series models, structural change, shortsamples, parameter uncertainty
2008 - n° 333
Massimiliano Marcellino and Christian Schumacher
Keywords: nowcasting, business cycle, large factor models, mixed-frequency data, missing values, MIDAS
2008 - n° 332
Alejandro Cuat, Szabolcs Dek and Marco Maffezzoli
Keywords: international trade, Heckscher-Ohlin, dynamic macroeconomics, taxation, revenue estimation, Laffer Curve
2008 - n° 331
Carlo Favero and Francesco Giavazzi
Keywords: Euro area, long-term rates, monetary policy
2007 - n° 330
Guido Tabellini
Keywords: culture, institutions, growth, political economy
2007 - n° 329
Carlo A. Favero
Keywords: Econometrics, Monetary Policy, identification, DSGE, VAR, FAVAR
2007 - n° 328
Guido Tabellini
Keywords: culture, cooperation, institutions, cultural transmission
2007 - n° 327
Carlo A. Favero
Keywords: Macroeconometrics, Model Evaluation
2007 - n° 326
Martina Bjrkman
Keywords: Primary education; Capitation grant; Test scores; Uganda
2007 - n° 325
Laura Bottazzi, Marco Da Rin and Thomas Hellmann
Keywords: Venture Capital, Social Capital, Trust, Financial Contracts, Corporate Governance
2007 - n° 324
Agostino Consolo, Carlo A. Favero andAlessia Paccagnini
Keywords: Bayesian analysis; Dynamic stochastic general equilibrium model; Model evaluation, Statistical Identification, Vector autoregression, Factor-Augmented Vector Autoregression
2007 - n° 323
Carlo Favero, Marco Pagano and Ernst-Ludwig von Thadden
2007 - n° 322
Torsten Persson and Guido Tabellini
2007 - n° 321
Alejandro Cuat and Marco Maffezzoli
Keywords: International Trade, Heckscher-Ohlin, Simulation, Development Account-ing
2007 - n° 320
Andrea Carriero and Massimiliano Marcellino
Keywords: Coincident Indicators, Business and Consumer Surveys, Sectors, DynamicFactor Models
2007 - n° 319
Andrea Carriero and Massimiliano Marcellino
Keywords: Business Cycles, Leading Indicators, Coincident Indicators, TurningPoints, Forecasting
2007 - n° 318
Carlo Favero , Linlin Niu and Luca Sala
Keywords: Yield curve, term structure of interest rates, forecast-ing, large data set, factor models
2007 - n° 317
Carlo Favero and Francesco Giavazzi
Keywords: fiscal policy, public debt, government budget con- straint, VAR models
2006 - n° 316
Richard Dennis, Kai Leitemo and Ulf Soderstrom
Keywords: political equilibria, aging, postponing retirement
2006 - n° 315
Vincenzo Galasso
Keywords: political equilibria, aging, postponing retirement
2006 - n° 314
Giovanni Immordino, Marco Pagano andMichele Polo
Keywords: norm design, initiative, enforcement, corruption
2006 - n° 313
Walter Bossert,Conchita DAmbrosio andEliana La Ferrara
Keywords: Diversity, Similarity, Ethno-Linguistic Fractionalization
2006 - n° 312
Fiscal Policy and the Term Structure: Evidence from the Case of Italy in the EMS and the EMU Periods
Carlo Favero and Stefano W. Giglio
2006 - n° 310
Pierpaolo Battigalli, Chiara Fumagalli and Michele Polo
2006 - n° 309
Francesco Daveri and Mika Maliranta
Keywords: Aging, technology, TFP, wage determination, Finland, new economy, growth
2006 - n° 308
Torsten Persson and Guido Tabellini
2006 - n° 307
Richard Dennis, Kai Leitemo, and Ulf Soderstrom
Keywords: Robust control, Misspecification, Optimal policy
2006 - n° 306
George Kapetanios and Massimiliano Marcellino
Keywords: Factor models, Principal components, Subspace algorithms, StructuralIdentification, Structural VAR
2006 - n° 305
George Kapetanios and Massimiliano Marcellino
Keywords: Factor models, Principal components, Subspace algorithms
2006 - n° 304
Antonella Trigari
Keywords: Labor Market Search, Wage Bargaining, Business Cycles Inflation, Monetary Policy Shocks
2006 - n° 303
Fabio Canova (ICREA adnUPF) andLuca Sala (IEP, IGIERand Università Bocconi)
Keywords: identification, DSGE models
2006 - n° 302
T. Persson (Stockholm University) and G. Tabellini (Università Bocconi and IGIER)
Keywords: Democracy; Reform; Growth; Institutions; Difference in Difference
2005 - n° 301
Francesco Daveri (Università di Parma and IGIER) and Cecilia Jona-Lasinio (ISTAT)
Keywords: Productivity growth, Productivity slowdown, TFP, decline, Italy
2005 - n° 300
Jordi Gal and Tommaso Monacelli
Keywords: monetary union, sticky prices, countercyclical policy, inflation differentials
2005 - n° 299
Massimiliano Marcellino
Keywords: Pooling, Interpolation, Factor Model, Kalman Filter, Spline
2005 - n° 298
Carlo A. Favero and Massimiliano Marcellino
Keywords: Fiscal forecasting, Forecasting comparison, Fiscal rules, Euro area
2005 - n° 297
Alberto Alesina (Harvard) and Guido Tabellini (IGIER, Bocconi)
2005 - n° 296
Evi Pappa (LSE, CEP and IGIER) and Zheng Liu (Emory University)
Keywords: Optimal Monetary Policy; International Policy Coordination; Multiple Sectors; Asymmetric Structures; Sticky Prices
2005 - n° 295
Fabio Canova (IGIER, Universitat Pompeu Fabra, and CEPR) and Evi Pappa (London School of Economics, CEP and IGIER)
Keywords: Fiscal restrictions, Excessive Debt, Business cycles, US states
2005 - n° 294
Evi Pappa(LSE, CEP and IGIER)
Keywords: Inflation Differentials, Monetary Union, Budgetary Restrictions, Fiscal rules
2005 - n° 293
Evi Pappa
2005 - n° 292
Guido Tabellini (IGIER, Università Bocconi and CEPR)
Keywords: culture, economic development, trust, literacy, institutions
2005 - n° 291
Carlo A. Favero (IGIER, Università Bocconi and CEPR)
Keywords: Cointegrating Consumption function, lon-run stock marketreturns, elasticity of intertemporal substitution
2005 - n° 290
Kai Leitemo (Norwegian School of Management)and Ulf Soderstrom (IGIER and Bocconi University)
Keywords: Knightian uncertainty, model uncertainty, robust control, minmaxpolicies
2005 - n° 289
Francesco Busato (University of Aarhus), Bruno Chiarini (University of Naples, Parthenope)and Enrico Marchetti (La Sapienza, Rome)
Keywords: Indeterminacy and Sunspots, Tax Evasion and Underground Activities