Syllogism and Defeasibilty: A Comment on Neil MacCormick’s Rhetoric and (2008)
Giovanni Sartor, Law No, Giovanni Sartor, C○ Giovanni Sartor, Badia Fiesolana
EUI working paper LAW No. 2006/23 This text may be downloaded freely only for personal academic purposes. Any reproductions, whether in hard copies or electronically, require the consent of the...
EUI Working Paper ECO No. 97/15 Granger's Representation Theorem (2007)
Tom Engsted, C Tom Engsted, Badia Fiesolana
Granger's representation theorem and multicointegration
Herding in Delegated Portfolio Management: When is (2007)
Badia Fiesolana, Alexander Gümbel, Alexander Gümbel, Alexander Gümbel
In this paper we address the issue of investors ’ asset allocation decisions when they delegate portfolio management to an agent. Contrary to predictions from traditional financial theory, it is...
c°1998R.MarimonandF.Zilibotti (2007)
San Domenico (fi, All Rights Reserved, Badia Fiesolana, Badia Fiesolana, Ramon Marimon, Ramon Marimon, ...
without permission of the author.
Delegation of a Monetary Policy to a Central Banker with Private Information (2007)
Barbara Pistoresi, San Domenico (fi, Badia Fiesolana, Badia Fiesolana
In this paper we solve a monetary policy game where a government appoints a completely independent central banker whose preferences from a point of view of private agents are private information. We...
Voting on Policies in Committees: A Welfare Analysis (2007)
San Domenico (fi, C° Matthias Brueckner, Badia Fiesolana, Badia Fiesolana, Matthias Brueckner, Matthias Brueckner
This paper considers committees of n players that vote by (weighted) majority on policies that are binding for all members. The voting mechanism is implemented before the players learn their...
Heterogeneity and Stability: Variations on Scarf's Processes (2007)
San Domenico (fi, Badia Fiesolana, Badia Fiesolana
There are still problems in handling diversity in economics. The general equilibrium model itself lacks determinacy for a generic population of economic agents. In an outstanding contribution,...
Microeconomic Perspectives on Aggregate Labor Markets (2007)
San Domenico (fi, Badia Fiesolana, Badia Fiesolana
The Chapter discusses the role played by labor market in-stitutions in shaping the dynamics of wages, employment, and unemployment across European countries and the United States. The rst part of the...
Risk Neutral Forecasting ¤ (2007)
San Domenico (fi, C° Spyros Skouras, Badia Fiesolana, Badia Fiesolana, Spyros Skouras, Spyros Skouras
This paper develops statistical and computational tools for modelling returns forecasts to be used by a risk neutral investor. Any forecast with the same sign as the conditional mean optimises the...
EUI Working Paper ECO No. 98/33 An EMU with Di®erent Transmission Mechanisms? (2007)
San Domenico (fi, C° G. Giovannetti, R. Marimon, Badia Fiesolana, Badia Fiesolana, Giorgia Giovannetti, ...
An EMU with di®erent transmission mechanisms? ¤
Macroeconomics of Distribution and Growth (2007)
San Domenico (fi, Badia Fiesolana, Badia Fiesolana
Giovanni Pavanelli for comments on previous drafts, and Jessica Spataro for editorial assistance. I am most grateful to students at the Institut fur Hohere Studien and at the European University...
Barbara Pistoresi, Badia Fiesolana, Marcello D Amaro
(1999 M. D'Amato and B. Pistoresi
Jordan Matrices on the Equivalence of the I(1) Conditions for VAR Systems ¤ (2007)
San Domenico (fi, C° Fragiskos Archontakis, Badia Fiesolana, Badia Fiesolana, Fragiskos Archontakis, Fragiskos Archontakis
The Jordan Form of the VAR's Companion matrix is used for proving the equivalence between the statement that there are no Jordan blocks of order two or higher in the Jordan matrix and the...
EUI Working Paper ECO No. 99/2 Industry Earnings Di®erentials (2007)
In Ireland, San Domenico (fi, Badia Fiesolana, Badia Fiesolana
This paper considers industry earnings differentials in Ireland between 1987 and 1994. Earnings equations are estimated using data from 2 cross-section surveys. Industry differentials are calculated...
Asymmetry and Leapfrogging in a Step-by-Step R&D-Race (2007)
Steffen Hoernig, Badia Fiesolana
Asymmetry and Leapfrogging in a
San Domenico (fi, Badia Fiesolana, Badia Fiesolana, Jian-ming Zhou, Jian-ming Zhou, How Carry, ...
Based on a mixed economy of private ownership of farmland and public ownership of infrastructure land, dispersed parcels of farms could be consolidated through exchange of private ownership and...
Jacques-franios Thisse, Badia Fiesolana
This paper tackles the issue of optimum product diversity in an imperfectly competitive market with small or large firms. First, it develops a quadratic utility model of monopolistic competition with...
Soren Johansen, Sren Johansen, Sdren Johansen, Badia Fiesolana, Badia Fiesolana
of the Estimated
Equilibrium Unemployment and Labour Market Flows in the UK 1 (2007)
San Domenico (fi, C° R. Barrell, R. Riley, Badia Fiesolana, Badia Fiesolana, Ray Barrell, ...
Abstract We argue that equilibrium unemployment has varies in the UK over the last twenty years, and that time series econometric methods have not always been suited to uncovering its evolution....
This paper depicts an industrial district as a center of innovation and production in a sector characterized by horizontal product differentiation. Local technological externalities sustain the...
Ramon Marimon, Juan Pablo Nicolini, R. Marimon, J. P. Nicolini, P. Teles, Badia Fiesolana, ...
without permission of the author.
Fiscal Forecasting: The Track Record of the (2007)
M. Artis, M. Marcellino, Badia Fiesolana, Mike Artis, Mike Artis, Massimiliano Marcellino, ...
without permission of the author.
Rationalizability in Incomplete Information (2007)
Badia Fiesolana, Pierpaolo Battigalli, Pierpaolo Battigalli, Pierpaolo Battigalli
This work has been submitted to Games and Economic Behavior (Academic Press) for possible publication. Copyright may be transferred without notice after which this version may no longer be accessible.
A New Approach to the Analysis of Shocks and the Cycle in a Model of Output and Employment (2007)
C Ba Cnin, W Ew, Hans-martin Krolzig, Juan Toro, Badia Fiesolana
and discussions. Helpful comments were received from conference participants at the
Programme in Economic Policy (2007)
Nils Björksten, Miika Syrjänen, Badia Fiesolana, Robert Schuman, Centre Advanced Studies
Policy provides a framework for the presentation and development of ideas and research that can constitute the basis for informed policy-making in any area to which economic reasoning can make a...
Badia Fiesolana, Robert Schuman, Centre Advanced Studies
The European Forum was set up by the High Council of the EUI in 1992 with the mission of bringing together at the Institute for a given academic year a group of experts, under the supervision of...
The Monetary Transmission Mechanism * Address for Correspondence: by (2007)
Jess Benhabib, Badia Fiesolana
Recent literature on structural vector autoregressions has attempted to identify the effects on the economy of an increase in the stock of money. This work has led to a broad consensus. Initially, an...
Programme in Economic Policy (2007)
Andrew Martin, Badia Fiesolana, Robert Schuman, Centre Advanced Studies
Policy provides a framework for the presentation and development of ideas and research that can constitute the basis for informed policy-making in any area to which economic reasoning can make a...
Programme in Economic Policy (2007)
Michael Artis, Michael Artis, Michael Ehrmann, Michael Ehrmann, Badia Fiesolana, Robert Schuman, ...
Policy provides a framework for the presentation and development of ideas and research that can constitute the basis for informed policy-making in any area to which economic reasoning can make a...
Increased Differentiation or Stronger Uniformity 1 (2007)
Robert Schuman Centre, Badia Fiesolana, San Domenico (fi, Claus-dieter Ehlermann, Claus-dieter Ehlermann, Claus-dieter Ehlermann
Printed in Italy in 1995
Programme in Economic Policy (2007)
Carsten Detken, Carsten Detken, Badia Fiesolana, Robert Schuman, Centre Advanced Studies
Policy provides a framework for the presentation and development of ideas and research that can constitute the basis for informed policy-making in any area to which economic reasoning can make a...
Michelle Cini, Badia Fiesolana, Robert Schuman, Centre Advanced Studies
The European Forum was set up by the High Council of the EUI in 1992 with the mission of bringing together at the Institute for a given academic year a group of experts, under the supervision of...
Michelle Cini, Badia Fiesolana, Robert Schuman, Centre Advanced Studies
The European Forum was set up by the High Council of the EUI in 1992 with the mission of bringing together at the Institute for a given academic year a group of experts, under the supervision of...
The Consequences of Eastern Enlargement of the European Union in Stages (2007)
Robert Schuman Centre, San Domenico (fi, Badia Fiesolana, Badia Fiesolana, Susan Senior Nello, Susan Senior Nello, ...
II. The EU's Membership Conditions: Assessing Fulfillment A. The economic criteria for enlargement Progress in creating a functioning market economy
Lars-erik Cederman, Badia Fiesolana, Robert Schuman, Centre Advanced Studies
The European Forum was set up by the High Council of the EUI in 1992 with the mission of bringing together at the Institute for a given academic year a group of experts, under the supervision of...
Robert Schuman Centre, Richard Sinnott, Richard Sinnott, Badia Fiesolana
Printed in Italy in 1994
Presumptions and burdens of proof (2006)
Law No, Henry Prakken, Henry Prakken, C○ Henry Prakken, Giovanni Sartor, Giovanni Sartor, ...
EUI working paper LAW No. 2006/36 This text may be downloaded for personal research purposes only. Any additional reproduction for such purposes, whether in hard copy or electronically, requires the...
The Impact of Internet on the Market for Daily Newspapers in Italy (2005)
Lapo Filistrucchi, Badia Fiesolana, San Domenico (fi, Lapo Filistrucchi, Badia Fiesolana, Lapo Filistrucchi
Recent years have seen a surge in websites that provide news for free and, up to the end of 2001, daily newspapers in Italy have shown a growing trend towards making available online for free the...
Cognitive automata and the law (2003)
Law No, Giovanni Sartor, Giovanni Sartor, C○ Giovanni Sartor, Badia Fiesolana
EUI working paper LAW No. 2006/35 This text may be downloaded for personal research purposes only. Any additional reproduction for such purposes, whether in hard copy or electronically, requires the...
Learning while searching for the best alternative (2001)
San Domenico (fi, C° Klaus Adam, Badia Fiesolana, Badia Fiesolana, Klaus Adam, Klaus Adam
This paper delivers the solution to an optimal search problem with learning where the searcher has distinguishable search opportunities. The optimal sampling strategy is characterized by simple...
Two New Keynesian Theories of Sticky Prices”, Macroeconomic Dynamics, forthcoming (2000)
Badia Fiesolana, Badia Fiesolana
This paper compares two alternative theories of Aggregate supply, both with a "New Keynesian Flavor". The first assumes that prices are rigid due to the existence of menu costs of...
Employment and distributional effects of restricting working time (2000)
Ramon Marimon, Fabrizio Zilibotti, R. Marimon, F. Zilibotti, Badia Fiesolana, Ramon Marimon T, ...
We study the employment and distributional effects of regulating (reducing) working time in a general equilibrium model with search-matching frictions. Job creation entails some fixed costs, but...
National stochastic trends and international macroeconomic fluctuations (1998)
Badia Fiesolana, Mathias Hoffmann, Mathias Hoffmann, Mathias Hoffmann
without permission of the author.
Binary Decision Structures and the Required Detail of Information (1998)
C Bauke Visser, Badia Fiesolana, Bauke Visser, Bauke Visser
How much does one need to know about the characteristics of hete-rogeneous agents in order to position them correctly in an organi-zational structure? This question is addressed in a project...
San Domenico (fi, C° Michael Ehrmann, Badia Fiesolana, Badia Fiesolana, Michael Ehrmann, Michael Ehrmann, ...
This paper re-evaluates the estimation of monetary policy transmission. Within the Structural VAR framework, five methodological points are identified, recognition of which can help to improve the...
Alessandro Prati, San Domenico (fi, C° L. Bartolini, G. Bertola, A. Prati, Badia Fiesolana, ...
Abstract * We propose a model of the interbank money market with an explicit role for central bank intervention, and study how profit-maximizing behavior on the part of banks (facing periodic reserve...
C Andrea Ichino, Badia Fiesolana, Andrea Ichino, Andrea Ichino
(University of Linz and CEPR) �
Simultaneous evolution of learning rules and strategies (1996)
San Domenico (fi, Badia Fiesolana, Badia Fiesolana, Oliver Kirchkamp, Oliver Kirchkamp
without permission of the author.
San Domenico (fi, C° A. Marcet, R. Marimon, Badia Fiesolana, Badia Fiesolana, Albert Marcet, ...
We obtain a recursive formulation for a general class of contracting problems involving incentive constraints. These constraints make the corresponding maximization (sup) problems non recursive. Our...