Article(electronic)#12014
Public Expenditure Distribution, Voting, and Growth
In: Bank of Italy Temi di Discussione (Working Paper) No. 961
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Article(electronic)#22011
Public Expenditure Distribution, Voting, and Growth
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Article(electronic)#32011
Market Structure, Nonconvexities, and Equilibrium Bias of Technology
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Article(electronic)#4March 10, 2016
A new look at technical progress and early retirement
In: IZA journal of labor policy, Volume 5, Issue 1
ISSN: 2193-9004
AbstractTechnical progress affects early retirement in two opposing ways. On the one hand, it increases real wages and thus produces an incentive to postpone retirement. On the other hand, it erodes workers' skills, making early retirement more likely. We re-examine the effect of technical progress on early retirement in the US. We measure technical change during the whole working life of the individuals and find that its effect on the probability of early retirement is non-monotonic. In particular, when technical change is small, the erosion effect dominates, but when it is large the wage effect dominates. These results may signal that the higher the technical change, the more willing are the elderly to retrain, which has direct policy implications for the design of elderly training programs.Jel codes:J24, J26, O33
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Article(electronic)#52016
A new look at technical progress and early retirement
In: IZA journal of labor policy, Volume 5, p. 39
ISSN: 2193-9004
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Article(electronic)#6November 2019
Macroeconomic effects of an open-ended asset purchase programme
In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Volume 41, Issue 6, p. 1144-1159
ISSN: 0161-8938
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Article(electronic)#72018
Exchange Rate Pass-Through into Euro Area Inflation. An Estimated Structural Model
In: Bank of Italy Temi di Discussione (Working Paper) No. 1192, September 2018
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Article(electronic)#82022
The Shadow Value of Unconventional Monetary Policy
In: CEPR Discussion Paper No. DP17053
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Article(electronic)#92022
Targeted Monetary Policy, Dual Rates and Bank Risk Taking
In: ECB Working Paper No. 2022/2682
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Article(electronic)#102021
Is There a Zero Lower Bound? The Effects of Negative Policy Rates on Banks and Firms
In: Journal of Financial Economics (JFE), Forthcoming
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Article(electronic)#112020
The Great Lockdown: Pandemic Response Policies and Bank Lending Conditions
In: CEPR Discussion Paper No. DP15298
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Article(electronic)#122020
The Great Lockdown: Pandemic Response Policies and Bank Lending Conditions
In: ECB Working Paper No. 20202465
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Article(electronic)#132020
The (Unobservable) Value of Central Bank's Refinancing Operations
In: ECB Working Paper No. 20202480
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Article(electronic)#142019
Is there a Zero Lower Bound? The Effects of Negative Policy Rates on Banks and Firms
In: ECB Working Paper No. 2289 (2019); ISBN 978-92-899-3551-7
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Article(electronic)#152019
Is There a Zero Lower Bound? The Effects of Negative Policy Rates on Banks and Firms
In: CEPR Discussion Paper No. DP14050
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