Recent
You are here: Home » Publications » Working Papers

Working papers

134L. Brighi and M. D'AmatoStrategic Effects of Investment and Private Information: The Incumbent's Curse2017Download the pdf document
133M. MuratForeign aid and asylum immigration. Does development matter?2017Download the pdf document
132M. Forni, L. Gambetti and L. SalaNews, Uncertainty and Economic Fluctuations (No News is Good News)2017Download the pdf document
131G. Bertocchi, A. Dimico, F. Lancia and Alessia RussoYouth Enfranchisement, Political Responsiveness, and Education Expenditure: Evidence from the U.S.2017Download the pdf document
130M. MuratForeign Aid and responsiveness of bilateral refugee inflows2017Download the pdf document
129B. Pistoresi, M. Cavicchioli and G. BreviniCentral Bank Independence, financial instability and politics: new evidence for OECD and non-OECD countries *** Published in INTERNATIONAL JOURNAL OF ECONOMICS AND FINANCE, vol. 9, n. 7, 2017 ***2017Download the pdf document
128A. Cavallo and A. RibbaMeasuring the Effects of Oil Price and Euro-area. Shocks on CEECs Business Cycles2017Download the pdf document
127R. Raduzzi and A. RibbaThe Macroeconomics Outcome of Oil Shocks in the Small Eurozone Economies2017Download the pdf document
126P. Di Martino and B. Pistoresi and Alberto RinaldiInternational financial flows, domestic banks, and the economic development of the periphery:Italy, 1861-19132016Download the pdf document
125G. BertocchiThe Legacies of Slavery in and out of Africa *** Published in IZA JOURNAL OF MIGRATION, vol. 5, pp. 1-19, 2016 ***2016Download the pdf document
124G. Bertocchi and M. BozzanoOrigins and implications of family structure across Italian provinces in historical perspective Forthcoming in "Cliometrics and the Family: Global Patterns and Their Impact on Diverging Development", C. Diebolt et al. (eds), Spinger, Berlin ***2016Download the pdf document
123M. Cavicchioli, M. Forni, M. Lippi, P. ZaffaroniEigenvalue Ratio Estimators for the Number of Dynamic Factors2016Download the pdf document
122M. Cavicchioli, A. Papana, A. Papana Dagiasis and B. PistoresiDeterminants of Central Bank Independence: a Random Forest Approach2016Download the pdf document
121E. Bilancini, L. Boncinelli, J. WuThe Interplay of Cultural Aversion and Assortativity for the Emergence of Cooperation2016Download the pdf document
120M. Forni, A. Giovannelli, M. Lippi, S. SoccorsiDynamic Factor model with infinite dimensional factor space: forecasting2016Download the pdf document
119M. Forni, L. Gambetti, L. SalaVAR Information and the Empirical Validation of DSGE Models2016Download the pdf document
118H. Lehmann, T. Razzolini and A. ZaicevaWorker flows and labour market adjustment during the Great recession: evidence from a large shock2016Download the pdf document
117L. Brighi and P. SilvestriInefficiency in Childcare Production. Evidence from Italian Microdata2016Download the pdf document
116M. Cavicchioli and B. PistoresiTesting threshold cointegration in Wagner's Law: the role of military spending *** Published in ECONOMIC MODELLING, vol. 59, pp. 23-31, 2016 ***2016Download the pdf document
115M. Forni, M. Hallin, M. Lippi and P. ZaffaroniDynamic Factor Models with infinite-dimensional factor space: asymptotic analysis *** Published in JOURNAL OF ECONOMETRICS, vol. 199, pp. 74-92, 2017.***2015Download the pdf document
114P. Dallari, A. RibbaEconomic shocks and their effects on unemployment in the euro area periphery under the EMU2015Download the pdf document
113M. Murat, M. L. Recalde and P. G. DegiovanniThe education networks of Latin America. Effects on trade during and after the cold war2015Download the pdf document
112G. Bertocchi and A. DimicoThe long-term determinants of female HIV infection in Africa: the slave trade, polygyny, and sexual behavior2015Download the pdf document
111A. RibbaWhat drives US inflation and unemployment in the long run?2015Download the pdf document
110M. BozzanoOn the historical roots of women’s empowerment across Italian provinces: religion or family culture?2015Download the pdf document
109A. Cipollini, I. Lo Cascio and S. MuzzioliVolatility risk premia and financial connectedness2014Download the pdf document
108E. Bilancini and L. BoncinelliSocial coordination with locally observable types *** Published in ECONOMIC THEORY, pp. 1-35 , 2017 ***2014Download the pdf document
107M. MuratSoft, hard or smart power? International students and investments abroad2014Download the pdf document
106L. Brighi and M. D'AmatoLimit pricing and secret barriers to entry2014Download the pdf document
105M. Forni and L. GambettiGovernment spending shocks in open economy VARs *** Published in JOURNAL OF INTERNATIONAL ECONOMICS, vol. 99, pp. 68-94 ***2014Download the pdf document
104A. Cavallo and A. RibbaCommon macroeconomic shocks and business cycle fluctuations in euro area countries *** Published in INTERNATIONAL REVIEW OF ECONOMICS AND FINANCE ***2014Download the pdf document
103G. Bertocchi and M. BozzanoFamily structure and the education gender gap: Evidence from Italian Provinces *** Published in CESifo ECONOMIC STUDIES, vol. 61, 2015, pp. 263-300 ***2014Download the pdf document
102E. Bilancini and L. BoncinelliPersuasion with reference cues and elaboration costs2014Download the pdf document
101E. Bilancini and L. BoncinelliSmall noise in signaling selects pooling on minimum Signal2014Download the pdf document
100E. Bilancini and L. BoncinelliSignaling with costly acquisition of signals2014Download the pdf document
99E. Bilancini and L. BoncinelliDynamic adverse selection and the supply Size *** Published in EUROPEAN ECONOMIC REVIEW, vol. 83, pp. 233-242 ***2014Download the pdf document
98H. Lehmann and A. ZaicevaInformal employment in russia: definitions, incidence, determinants and labor market segmentation *** Published in JOURNAL OF INTERNATIONAL DEVELOPMENT, 2015, Vol. 27, pp. 464­488 ***2014Download the pdf document
97M. Forni, L. Gambetti, M. Lippi and L. SalaNoisy news in business cycles *** Published in AMERICAN ECONOMIC JOURNAL: MACROECONOMICS, vol. 9, pp. 122-152, 2017 ***2014Download the pdf document
96M. Forni, L. Gambetti, M. Lippi and L. SalaNoise bubbles *** Published in ECONOMIC JOURNAL, vol.127, pp. 1940-1976, 2017 ***2014Download the pdf document
95E. Bilancini and L. BoncinelliInstrumental cardinal concerns for social status in Two-Sided Matching with Non-Transferable Utility *** Published in EUROPEAN ECONOMIC REVIEW, vol. 67, pp. 174–189, 2014 ***2014Download the pdf document
94E. Bilancini and L. BoncinelliDisclosure of information in matching markets with non-transferable utility2014Download the pdf document
93G. Bertocchi, A. Gambardella, T. Jappelli, C. A. Nappi and F. PeracchiBibliometric evaluation vs. informed peer review: evidence from Italy *** Published in RESEARCH POLICY, vol. 44, 2015, pp. 451-466 ***2013Download the pdf document
92B. Pistoresi and A. RinaldiItaly's current account sustainability:a long run perspective, 1861-20002013Download the pdf document
91M. MuratEducation ties and investments abroad. Empirical evidence from the US and UK2013Download the pdf document
90F. Pancotto, F. M. Pericoli and M.PistagnesiInefficiency in survey exchange rates forecasts *** Published in JOURNAL OF FORECASTING ***2013Download the pdf document
89A. Zaiceva and K. F. ZimmermannReturning home at times of trouble? Return migration of EU enlargement migrants during the crisis *** Published in M. Kahanec, K.F. Zimmermann (eds), Labor Migration, EU Enlargement and the Great Recession, Springer: Berlin, 20162013Download the pdf document
88G. Bertocchi and M. BozzanoWomen, medieval commerce, and the education gender gap *** Published in JOURNAL OF COMPARATIVE ECONOMICS, vol. 44, 2016, pp. 496-521 ***2013Download the pdf document
87M. Murat Out of sight, not out of mind. Education networks and internattrade*** Published in WORLD DEVELOPMENT, 2014, vol. 58, pp. 53-66 ***2012Download the pdf document
86A. RibbaThe federal funds rate and the conduction of the international orchestra *** Published in ECONOMICS BULLETIN, vol. 32, pp. 2983-2990, 2012 ***2012Download the pdf document
85M. BozzanoAssessing gender inequality among Italian regions: the Italian gender gap index2012Download the pdf document
84G. Bertocchi, A. DimicoDe jure and de facto of power: evidence from Mississippi *** Published in CONSTITUTIONAL POLITICAL ECONOMY, vol. 28, pp. 321-345, 2017 ***2012Download the pdf document
83G. Bertocchi, M. Brunetti and C. TorricelliIs it money or brains? The determinants od intra-family decision power *** Published in JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION, 2014, vol. 101, pp. 65-86 ***2012Download the pdf document
82A. Cavallo and A. RibbaEuro area inflation as a predictor of national inflation rates *** Published in JOURNAL OF POLICY MODELING, vol. 36, n. 6, pp. 1048-1045, 2014 ***2012Download the pdf document
81A. Scozzari, F. Tardella, S. Paterlini and T. KrinkExact and heuristic approaches for the index tracking problem with UCITS constraints*** Published in ANNALS OF OPERATIONS RESEARCH, vol. 205, pp. 235-250 ***2012Download the pdf document
80M. Murat, D. Ferrari and P. FredericImmigrant students and educational systems. Cross-country evidence from PISA 20062012Download the pdf document
79S. G. Kessing and C. StrozziThe regional distribution of public employment: theory and evidence2012Download the pdf document
78Z. Wang, S. Paterlini, F. Gao and Y. YangAdaptive minimax estimation over sparse lq-Hulls2012Download the pdf document
77A. ZaffaroniConvex radiant costarshaped sets and the least sublinear gauge2012Download the pdf document
76H. Lehmann, T. Razzolini and A. ZaicevaJob separations, job loss and informality in the Russian labor market *** Published in RESEARCH IN LABOR ECONOMICS ***2012Download the pdf document
75G. Bertocchi and A. DimicoThe evolution of the racial gap in education and the legacy of slavery *** Published in JOURNAL OF COMPARATIVE ECONOMICS, 2012, vol. 40, pp. 581-595 ***2011Download the pdf document
74M. MuratDo immigrant students succeed? Evidence from Italy and France based on PISA 2006 *** Published in GLOBAL ECONOMY JOURNAL ***2011Download the pdf document
73F. Lancia and A. RussoSelf-commitment-institutions and cooperation in overlapping generations games2011Download the pdf document
72E. Bilancini and S. D'AlessandroLong-run welfare under externalities in consumption, leisure, and production: a case for happy degrowth vs. unhappy growth *** Published in ECOLOGICAL ECONOMICS, in press ***2011Download the pdf document
71G. Bertocchi and A. DimicoRace v. Suffrage. The determinants of development in Mississippi2011Download the pdf document
70S. Mittnik, S. Paterlini and T. YenerOperational–risk dependencies and the determination of risk capital2011Download the pdf document
69M. Comune, A. Naghavi and G. PraroloIntellectual property rights and south-north formation of global innovation networks2011Download the pdf document
68A. Naghavi and C. StrozziIntellectual property rights, migration, and diaspora2011Download the pdf document
67A. Naghavi, J. Spies and F. ToubalInternational sourcing, product complexity and intellectual property rights2011Download the pdf document
66E. Farvaque, A. Mihailov and A. NaghaviThe grand experiment of communism: discovering the trade-off between equality and efficiency2011Download the pdf document
65A. Akerman, A. Larsson and A. NaghaviAutocracies and development in a global economy: a tale of two elites2011Download the pdf document
64G. BertocchiGrowth, colonization, and institutional development. In and out of Africa *** Published in de La Grandville O. (ed.), Economic Growth and Development, Emerald: Bingley, 2011 ***2011Download the pdf document
63M. Forni, L. Gambetti and L. SalaNo news in business cycles *** Published in ECONOMIC JOURNAL, 2014, Vol. 124, pp. 1168-1191 ***2011Download the pdf document
62M. Forni and L. GambettiSufficient information in structural VARs *** Published in JOURNAL OF MONETARY ECONOMICS, 2014, Vol. 66, pp. 124-136 ***2011Download the pdf document
61A. Rinaldi end B. PistoresiExports and Italy’s economic development: a long-run perspective (1863-2004) *** Forthcoming in EXPLORATION IN ECONOMIC HISTORY ***2011Download the pdf document
60H. Lehmann, A. Muravyev, T. Razzolini and A. ZaicevaThe wage and non-wage costs of displacement: evidence from Russia *** Published in JOURNAL OF COMPARATIVE ECONOMICS, vol 41, pp. 1184-1201 ***2011Download the pdf document
59R. Rovelli and A. ZaicevaIndividual support for economic and political changes: Evidence from transition countries, 1991-2004 ***Published in THE ECONOMICS OF TRANSITION, 2013, 21 (2), 193-240***2011Download the pdf document
58M. Murat, B.Pistoresi and A. RinaldiTransnational social capital and FDI. Evidence from Italian associations worldwide *** Published in JOURNAL OF ECONOMIC DEVELOPMENT, 2011, vol. 36(4) ***2011Download the pdf document
57E. Bilancini and L. BoncinelliDynamic adverse selection and the size of the informed side of the market2011Download the pdf document
56B. Fastrich, S. Paterlini and P. WinkerCardinality versus q-norm constraints for index tracking *** Published in QUANTITATIVE FINANCE, 2014, vol. 14, PP. 2019-2032 ***2011Download the pdf document
55M. Murat and T. PirottiThe attractiveness of countries for FDI. A fuzzy approach *** Published in FUZZY ECONOMIC REVIEW, 2010, vol. XV, n.2 ***2010Download the pdf document
54M. Murat, D. Ferrari, P. Frederic and G. PiraniImmigrants, schooling and background. Cross-country evidence from PISA 20062010Download the pdf document
53J. Ąlvarez, E. Bilancini, S. D’Alessandro and G. PorcileAgricultural institutions, industrialization and growth: the case of New Zealand and Uruguay in 1870-1940 *** Published in EXPLORATIONS IN ECONOMIC HISTOR, 2011, vol. 48, pp. 151-168 ***2010Download the pdf document
52E. BilanciniOn the rationalizability of observed consumers’ choices when preferences depend on budget sets and (potentially) on anything else *** Published in JOURNAL OF ECONOMICS, 2011, vol. 102, pp. 275-286 ***2010Download the pdf document
51G. Bertocchi and A. DimicoSlavery, education, and inequality *** Published in European Economic Review, 2014, vol. 70, pp. 197-209 ***2010Download the pdf document
50F. Lancia and A. RussoA dynamic politico-economic model of intergenerational contracts2010Download the pdf document
49M. Forni and L. GambettiFiscal foresight and the effects of government spending2010Download the pdf document
48M. Murat and S. FlisiThe hub continent? Immigrant networks, emigrant diasporas and FDI *** Published in JOURNAL OF SOCIO-ECONOMICS, 2011, vol. 40, pp. 796-805 ***2010Download the pdf document
47A. Cipollini and I. Lo CascioTesting for contagion: a time-scale decomposition2010Download the pdf document
46S. Michalopoulos, A. Naghavi and G. PraroloTrade and geography in the economic origins of Islam: theory and evidence2010Download the pdf document
45E. Bilancini and L. BoncinelliStrict Nash equilibria in large games with strict single crossing in types and actions *** Published in ECONOMIC THEORY BULLETIN, VOL. 4, PP. 95-109 ***2010Download the pdf document
44G. Bertocchi and D. GuerzoniGrowth, history, or institutions? What explains state fragility in Sub-Saharan Africa *** Published in JOURNAL OF PEACE RESEARCH, 2012, vol. 49, pp. 769-783 ***2010Download the pdf document
43G. Bertocchi and D. GuerzoniThe fragile definition of state fragility *** Published in RIVISTA ITALIANA DEGLI ECONOMISTI, 2011, vol. 16, pp. 337-354 ***2010Download the pdf document
42E. Bilancini and L. BoncinelliPreferences and normal goods: an easy-to-check necessary and sufficient condition *** Published in ECONOMICS LETTERS, 2010, vol. 108 (1), pp. 13-15 ***2010Download the pdf document
41D. Ferrari and S. PaterliniEffcient and robust estimation for financial returns: an approach based on q-entropy2010Download the pdf document
40M. Forni and L. GambettiMacroeconomic shocks and the business cycle: evidence from a structural factor model2010Download the pdf document
39K. Bjorvatny and A. NaghaviRent seekers in rentier states: when greed brings peace *** Forthcoming in EUROPEAN JOURNAL OF POLITICAL ECONOMY ***2010Download the pdf document
38A. Mantovani and A. NaghaviParallel imports and innovation in an emerging economy *** Forthcoming in HEALTH ECONOMICS ***2010Download the pdf document
37L. Lo Bue and A. RibbaThe recent performance of the traditional measure of core inflation in G7 countries *** Published in THE IUP JOURNAL OF MONETARY ECONOMICS, 2011, vol. IX, pp. 76-96 ***2009Download the pdf document
36T. Addabbo and D. FavaroEducation and wage differentials by gender in Italy *** published in APPLIED ECONOMICS, 2011, vol. 43, pp. 4589-4605 ***2009Download the pdf document
35E. Bilancini and L. BoncinelliSingle-valuedness of the demand correspondence and strict convexity of preferences: an equivalence result *** Published in ECONOMICS LETTERS, 2010, vol. 108, pp. 299-302 ***2009Download the pdf document
34E. Bilancini and L. BoncinelliSignalling, social status and labor income taxes2009Download the pdf document
33A. RibbaOn some neglected implications of the Fisher effect *** Published in EMPIRICAL ECONOMICS, 2011, vol. 40, pp. 451-470 ***2009Download the pdf document
32M. Murat and S. FlisiImmigrant links, diasporas and FDI. An empirical investigation on five european countries2009Download the pdf document
31A. RinaldiThe rise of a district lead firm: the case of wam (1968-2003) *** Published in JOURNAL OF BUSINESS HISTORY, 2010, vol. 55, pp. 52-81 ***2009Download the pdf document
30G. Bertocchi, M. Brunetti and C. TorricelliMarriage and other risky assets: a portfolio approach *** Published in JOURNAL OF BANKING AND FINANCE, 2011, vol. 35, pp. 2902-2915 ***.2009Download the pdf document
29E. Bilancini and L. BoncinelliRedistribution and the notion of social status *** Published in JOURNAL OF PUBLIC ECONOMICS, 2012, vol. 96(9), pp. 651-6572008Download the pdf document
28J. Messina, C. Strozzi and J. TurunenReal wages over the business cycle: OECD evidence from the time and frequency domains *** Published in JOURNAL OF ECONOMIC DYNAMICS AND CONTROL, 2009, vol. 33, pp. 1183-1200 ***2008Download the pdf document
27C. Davis and A. NaghaviOffshoring production: a simple model of wages, productivity, and growth *** Forthcoming in ECONOMIC INQUIRY ***2008Download the pdf document
26M. Forni and L. GambettiThe dynamic effects of monetary policy: a structural factor model approach *** Published in JOURNAL OF MONETARY ECONOMICS, 2010, vol. 57, pp. 203-216 ***2008Download the pdf document
25G. M. Longoni and A. RinaldiIndustrial policy and artisan firms in Italy, 1945-1981 *** A. Colli and M. Vasta (eds), Forms of enterprise in 20th century Italy. Boundaries, structures and strategies, Cheltenham, UK: Edward Elgar ***2008Download the pdf document
24A. Rinaldi and M. VastaThe Italian corporate network, 1952-1983: new evidence using the interlocking directorates technique *** Published in ENTERPRISE & SOCIETY, 2012, vol. 13 (2), pp. 378-413 ***2008Download the pdf document
23M. Lyre, J. Paha, S. Paterlini and P. WinkerOptimization heuristic for determining internal grading scales *** Published in in COMPUTATIONAL STATISTICS & DATA ANALYSIS, 2010, vol. 54, pp. 2693-2706 ***2008Download the pdf document
22T. Addabbo and M.L. Di TommasoChildren capabilities and family characteristics in Italy2008Download the pdf document
21T. Krink and S. PaterliniDifferential evolution for multiobjective portfolio optimization *** Published in ANNALS OF OPERATIONS RESEARCH, 2009, vol. 172, pp. 153-176 ***2008Download the pdf document
20F. Altissimo, R. Cristadoro, M. Forni, M. Lippi and G. VeroneseNew Eurocoin: tracking economic growth in real time *** Published in THE REVIEW OF ECONOMICS AND STATISTICS, 2010, vol. 92, pp. 1024-1034 ***2008Download the pdf document
19A. Naghavi and G. OttavianoOutsourcing, complementary innovations and growth *** Published in INDUSTRIAL AND CORPORATE CHANGE, 2010, vol. 19, pp. 1009-1035 ***2008Download the pdf document
18G. BertocchiThe enfranchisement of women and the welfare state *** Published in EUROPEAN ECONOMIC REVIEW, 2011, vol. 55, pp. 535-553 ***2008Download the pdf document
17D. Leahy and A. NaghaviIntellectual property rights and North-South joint ventures *** Published in REVIEW OF INTERNATIONAL ECONOMICS, 2010, vol. 18, pp. 633-649 ***2008Download the pdf document
16D. FerrariParametric density estimation by minimizing nonextensive entropy2008Download the pdf document
15T. Addabbo, G. Facchinetti, A. Maccagnan, G. Mastroleo and T. PirottiThe interaction between parents and children as a relevant dimension of child well being. The case of Italy *** Published in POLISH JOURNAL OF ENVIRONMENTAL STUDIES, 2009, vol. 18, pp. 18-26 ***2008Download the pdf document
14A. Cipollini and G. KapetaniosForecasting financial crises and contagion in Asia using dynamic factor analysis *** Published in JOURNAL OF EMPIRICAL FINANCE, 2009, vol. 16, pp. 188-200 ***2008Download the pdf document
13M. Murat, B. Pistoresi and A. RinaldiItalian diaspora and foreign direct investment: a cliometric perspective *** Published in RIVISTA DI STORIA ECONOMICA, 2009, vol. 26, pp. 225-253 ***2008Download the pdf document
12G. Bertocchi and C. StrozziInternational migration and the role of institutions *** Published in PUBLIC CHOICE, 2008, vol. 137, pp. 81-102 ***2008Download the pdf document
11A. NaghaviTrade sanctions and green trade liberalization2008Download the pdf document
10A. Cipollini and G. MissagliaMeasuring bank capital requirements through dynamic factor analysis2008Download the pdf document
9G. Bertocchi and C. StrozziThe evolution of citizenship: economic and institutional determinants *** Published in JOURNAL OF LAW AND ECONOMICS, 2010, vol. 53, pp. 95-136 ***2007Download the pdf document
8M. Forni, D. Giannone, M. Lippi and L. ReichlinOpening the black box: structural factor models with large cross-sections *** Published in ECONOMETRIC THEORY, 2009, vol. 25, pp. 1319-1347 ***2007Download the pdf document
7A. Cipollini and G. MissagliaDynamic factor analysis of industry sector default rates and implication for portfolio credit risk modelling *** Published in JOURNAL OF RISK MODEL VALIDATION, 2008, vol. 2, pp. 59-79 ***2007Download the pdf document
6A. Cipollini and N. AslanidisLeading indicator properties of US high-yield credit spreads *** Published in JOURNAL OF MACROECONOMICS, 2010, vol. 33, pp. 145-156 ***2007Download the pdf document
5G. BertocchiThe vanishing bequest tax. The comparative evolution of bequest taxation in historical perspective *** Published in ECONOMICS & POLITICS, 2011, vol. 23, pp. 107-131. ***2007Download the pdf document
4T. Addabbo, D. Favaro and S. MagriniThe distribution of the gender wage gap in Italy: does education Matter?2007Download the pdf document
3M. Murat and B. PistoresiMigrant networks: empirical implications for the Italian bilateral trade *** Published in INTERNATIONAL ECONOMIC JOURNAL, 2009, vol. 23, pp. 371-390 ***2007Download the pdf document
2M. Murat and S. FlisiMigrant business networks and FDI2007Download the pdf document
1D. Ferrari and S. PaterliniThe Maximum Lq-likelihood method: an application to extreme quantile estimation in finance *** Published in METHODOLOGY AND COMPUTING IN APPLIED PROBABILITY, 2009, vol. 11, pp. 3-19 ***2007Download the pdf document