1991-1995 IGIER Working Papers
Working papers written before 1996 are not available electronically. A hard copy can be requested from igierunibocconi.it Please include a postal address where the paper can be sent.
1. Bertola G.
Factor Shares and Savings in Endogenous Growth
2. Benassi C., Ichino A.
Is Information more Valuable when Risk Increases?
3. Missale A., Blanchard O. J.
The Debt Burden and Debt Maturity
4. Manasse P.
Are Taxes Too Low?
5. Balduzzi P.
Money and Asset Prices: The Evidence from an Artificial Economy
6. Ichino A.
Effects of Flexible Compensation Systems on Company Leverage: An Example of Interaction between Labor and Financial Markets
7. Benassi C.
Asymmetric Information and Financial Markets. A Stockholders´ Equilibrium Model
8. Persson T., Tabellini G.
Is Inequality Harmful for Growth? Theory and Evidence
9. Bertola G.
Flexibility, Investment and Growth
10. Bertola G., Drazen A.
Trigger Points and Budget Cuts
11.Giavazzi F., Collins S.
Attitudes Towards Inflation and the Viability of Fixed Exchange Rates: Evidence from the EMS
Debt and Maturity: The Evidence
Volatility Tradeoffs in Exchange Rate Target Zones with Sticky Prices
14.Attanasio O., Weber G.
On the Aggregation of Euler Equations for Consumption in Simple OLG Model
15.De Cecco M., Giavazzi F.
Inflation and Stabilisation in Italy: 1946-51
16.Alesina A., De Broeck M., Prati A. and Tabellini G.
Default Risk on Government Debt in OECD Countries
Determinants of Interest Rates on Italian Government Bonds and the Valuation of Floating Rate Bonds
The Low Income Trap Revisited: The Simple Macroeconomics of Fluctuations, Inequality and Unemployment
19.Bertocchi G., Wang Y.
The Real Value of Money under Endogenous Beliefs
20.Rustichini A.,Villamil A.P.
Equilibrium Price Stickiness
Unexploited Comparative Advantages in a Differentiated Duopoly
22.Brugiavini A., Weber G.
Durable and Nondurable Consumption: Evidence from Italian Household Data
23.Daviddi R., Manasse P.
Big Bang versus Gradualism: Is There a Choice? Lessons from the Polish and Hungarian Experience
Battaggion M.R., Garella P.
Joint Venture for a New Product: A Matter of Trust
25.Bertola G., Felli L.
Matching, Aggregation, and the Distribution of Producer Surplus
26. Cornelli F.,Yosha O.
Regulation by Entry: The Case of a Monopolistic Insurance Market with Adverse Selection
27. Rotemberg J., Woodford M.
Imperfect Competition and the Effects of Energy Price Increases on Economic Activity
28. Rotemberg J., Woodford M.
Dynamic General Equilibrium Models with Imperfectly Competitive Product Markets
29. Attanasio O.P., Weber G.
The UK Consumption Boom of the Late 1980s: Aggregate Implications of Microeconomic Evidence
30. Attanasio O.P., Weber G.
Consumption Growth and Excess Sensitivity to Income:Evidence from US Micro Data
31. Del Boca A., Ichino A.
Determinants of Flexible Compensation Contracts. Preliminary Evidence from a New Sample of Italian Manufacturing Firms
32. Garella P.
Informational Rents in Interbank Competition
33. Persson T., Tabellini G.
Federal Fiscal Constitutions. Part I: Risk Sharing and Moral Hazard
34. Erickson C.L., Ichino A.
Wage differentials in Italy: Market Forces, Institutions, and Inflation
35. Persson T., Tabellini G.
Designing Institutions for Monetary Stability
36. Baxter M.
Financial Market Linkages and the International Transmission of Fiscal Policy
37. Fulghieri P., Rovelli R.
Capital Markets, Financial Intermediaries, and the Supply of Liquidity in a Dynamic Economy
38. Bordignon M.
A Further Look at Consistent Conjectures and Private Provision of Public Goods
39. Bhattacharya S., Detragiache E.
The Role of Multilateral Institutions in the Market for Sovereign Debt
40. Bhattacharya S., Thakor A.V.
Contemporary Banking Theory
41. Baxter M.
Are Consumer Durables Important for Business Cycles?
42. Felli L., Villas-Boas J.M.
"Friendships" in Vertical Relations
43. Bhattacharya S., Chiesa G.
Proprietary Information, Financial Intermediation and Research Incentives
44. Bordignon M.
On Measuring Inefficiency with Public Goods: an Input-Oriented Approach
45. Pietra T.
Real Indeterminacy and Existence of Strong Rational Expectations Equilibria in Economies with Incomplete Markets
46. Canziani P., Francesco G., Manasse P., Tabellini G.
Fiscal Rules for Debt Sustainability: History and Institutions
47. Detragiache E., Garella P.G.
Debt Restructuring with Multiple Creditors: A Public Good Approach
48. Pietra T.
The Set of Sunspot Equilibria in Economies with Incomplete Financial Markets: Variable Asset Prices
49. Garella P.G., Manasse P.
Imperfect Information and Employment Variability: A Note
50. Canova F., Marrinan J.
Predicting Excess Returns in Financial Markets
51. van Wincoop E.
52. van Wincoop E.
Real Interest Rates in a Global Bond Economy
53. Masciandaro D.
Central Bank Independence, Banking Supervision and Inflation
54. Pagano M., Röell A.
Transparency and Liquidity: A Comparison of Auction and Dealer Markets with Informed Trading
55. Ambrus-Lakatos L., Annunziata M.
Political Constraints on Central Bank Independence: of Politics, Delegation and Scapegoats
56. Faini R.
Export Supply, Capacity, and Relative Prices
57. van Wincoop E.
A Multi-Country Real Business Cycle Model with Heterogeneous Agents
58. D’Aspremont C., Bhattacharya S., Gerard-Varet L.A.
Knowledge as a Public Good: Efficient Sharing and Incentives for Development Effort.
59. Favero C.A.
The Role of Theory in Econometrics: An Illustration
60. Ghosh A.R., Pesenti P.A.
International Portfolio Diversification, Non-Tradable Human Wealth and Consumption Growth: Some Puzzles and Interpretations
61. Persson T., Tabellini G.
Federal Fiscal Constitutions. Part II: Risk Sharing and Redistribution
62. Ganoulis I.
An Investment Model with Imperfect Output Markets Applied to Greek Manufacturing
63. Annunziata M., Tambakis D.N.
Political Constraints on Monetary Policy: What Determines Central Bank Independence?
64. Manasse P.
Are PhD´s Less Likely to End Up on the Dole?
65. Bertocchi G., Spagat M.
Structural Uncertainty and Subsidy Removal for Economies in Transition
66. De Grauwe P.
Fiscal Federalism and Debt Management The Case for Belgium
67. Ganoulis I.
Dynamics in Investment and Growth Theories and the Nature of the Firm
68. Cole H.
A Contribution to the Theory of Pork Barrel Spending
69. van Wincoop E.
Open Economy Real Business Cycle Models: A Multi-Country Approach
70. Helg R., Manasse P., Monacelli T., Rovelli R.
How Much (A)symmetry in Europe? Evidence from Industrial Sectors
71. van Wincoop E., Marrinan J.
Public and Private Saving and Investment
72. Pesenti P., van Wincoop E.
International Portfolio Diversification and Non-Traded Goods
73. Masciandaro D.
Money Laundering, Banks and Regulation: An Economic Analysis
74. Ariga K., Brunello G.
Investment in Human Capital and Promotions in a Corporate Hierarchy
75. Grossman G., Helpman E.
Electoral Competition and Special Interest Politics
76. Persson T., Tabellini G.
Double-Edged Incentives: Institutions and Policy Coordination
77. van Wincoop E.
A Note on Short Term Intersectoral Factor Immobility
78. Farmer R.E., Guo J.T.
The Econometrics of Indeterminacy: An Applied Study
79. García R., Lusardi A., and Ng S.
Excess Sensitivity and Asymmetries in Consumption: An Empirical Investigation
80. Wiener Z., Benninga S. and Protopapadakis A.
Limiting Differences Between Forward and Futures Prices in a Lucas Consumption Model
81. McNelis P., Asilis C.
Macroeconomic Policy Games and Asset-Price Volatility in the EMS: France, Germany, Italy and Spain
82. Bordignon M.
Federalismo, Perequazione e Competizione Fiscale
83. Fernandez R., Rogerson R.
Public Education and Income Distribution: A Quantitative Evaluation of Education Finance Reform
84. Rovelli R., Hochreiter E. and Winckler G.
Central Banks and the Use of Seignorage: A study of Three Economies in Transition
85. Burkart M., Gromb D. and Panunzi F.
Why Higher Takeover Premia Protect Minority Shareholders
86. Ferrando A., Ganoulis I.
The Cost of Durable Assets in the Structure-Performance Models
87. Cerasi V., Daltung S.
The Optimal Size of a Bank: Costs and Benefits of Diversification
88. Daveri F., Panunzi F.
Decentralisation, mobility costs and the soft budget constraint
89. Bertoldi M., Daviddi L.
Economic Growth and External Debt in Economies in Transition
90. Konishi H., Perera Tallo F.
Existence of Steady-State Equilibrium in an Overlapping-Generations Model with Production
91. Yafeh Y., Yosha O.
The Strategic Use of Relationship Banking