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After the financial crisis, what important lessons can we learn from fiscal policy? This book provides an answer to this question.
The objective of this book is the discussion and the practical illustration of techniques used in applied macroeconometrics. There are currently three competing approaches: the LSE (London School of Economics) approach, the VAR approach, and the intertemporal optimization/Real Business Cycle approach. This book discusses and illustrates the empirical research strategy of these three alternative approaches, pairing them with extensive discussions and replications of the relevant empirical work. Common benchmarks are used to evaluate the alternative approaches.
The present book analyses the work of Ezio Tarantelli, a remarkable Italian scientist and economist killed by the Red Brigades in 1985 after only a short life (1941-1985). Tarantelli’s work and its implications are not only of importance for Italian researchers, but also represents a contribution of interest to economists worldwide. The first chapter of this volume shows the most important features of the European and Italian economy from 1970 to 1985. The contribution of Tarantelli, in fact, was his attempt to address the questions arising from such a context, incorporating the thought of F. Modigliani and J. Robinson in the process. After some brief biographical notes in the second chapter, the third and the fourth concentrate on Tarantelli’s theoretical contribution. The fifth chapter and the conclusions, finally, show how, from his economic analysis, he derived some economic policy proposals that still hold relevance today. The text includes a complete bibliography of his scientific writings.
This book consists of three parts: Part One is composed of two introductory chapters. The first chapter provides an instrumental varible interpretation of the state space time series algorithm originally proposed by Aoki (1983), and gives an introductory account for incorporating exogenous signals in state space models. The second chapter, by Havenner, gives practical guidance in apply ing this algorithm by one of the most experienced practitioners of the method. Havenner begins by summarizing six reasons state space methods are advanta geous, and then walks the reader through construction and evaluation of a state space model for four monthly macroeconomic series: industrial production in d...
In this book leading European economists examine the current status of social pacts and their future. Particular focus is placed on the role of trade unions, and the positive role they can play for economic and social stability by agreeing to set wages on the basis of a target rate of inflation. As the European Union expands and social change accelerates, this insightful book will be of interest to all concerned with social and economic developments across Europe.
Inventory changes constitute in all countries a small fraction of the Gross National Product but also a major source or an indicator of cyclical fluctuations. In this volume both possible ways of propagation are investigated by examining in the first part what macroeconomists have learned and still have to learn about inventories in the light of statistical definitions and problems. In the second part, the role of monetary shocks in propagating business cycles is considered through liquidity effects and in relation to inventory adjustment. A possible linkage between inventory and labor market is shown. Finally, new evidence and theoretical insights are provided on the linear-quadratic inventory model and its ability to discriminate econometrically among competing firm behavior.
Interpretazioni is an intermediate- to advanced-level Italian textbook that aims to teach language through film, focusing on Italian movies from 2010 to 2017. Teaching language through cinema is a widespread and proven practice that engages all four main language skills (speaking, listening, reading, writing), and Interpretazioni utilizes the proven format and pedagogy of Pausini and Antonello Borra's previous book, Italian Through Film (Yale UP, 2003), which is regarded highly among teachers. Films featured in Interpretazioni span genres, address a wide range of themes, and are set in various parts of Italy, encouraging students and teachers to more fully engage with the complexity of Itali...
Inequality in income, earnings, and wealth has risen dramatically in the United States over the past three decades. Most research into this issue has focused on the causes—global trade, new technology, and economic policy—rather than the consequences of inequality. In Social Inequality, a group of the nation's leading social scientists opens a wide-ranging inquiry into the social implications of rising economic inequality. Beginning with a critical evaluation of the existing research, they assess whether the recent run-up in economic inequality has been accompanied by rising inequality in social domains such as the quality of family and neighborhood life, equal access to education and he...
Includes sections "Rassegna delle pubblicazioni economiche" and "Rassegna della stampa economica periodica."