We generate observable expectations about fiscal variables through laboratory experiments using real world data from several European countries as stimuli.We estimate an econometric model of individual expectations for fiscal policy, which nests various theories of expectations-forming and...

This paper examines the emergence of technologies, applications and platforms in the area of information and communication technologies (ITC), using patent data. It detects new technologies/applications/products using patents' abstracts and describes them looking at their degree of...

The importance of the participation of women in the labour market and source of policy-marking interest in the subject can be considered from various points of view. First, a higher average degree of female education, and the changing of cultural models regarding the division of roles within the...

In this work we consider the critical points of a vector-valued function f. We study their stability in order to obtain a necessary condition for Paret efficiency. We point out, by an example, that the classical notions of stability (concerning a single point) are not suitable in the settings....

A new acceleration algorithm to address the problem of multiple time scales in variational Monte Carlo simulations is presented. Core electrons usually require smaller time steps than valence electrons. After a first attempted move has been rejected, the delayed rejection algorithm attempts a...

Up to a few years ago, economic theory did not pay any attention to the topic of firm financing. This situation has changed in recent years thanks to the development of a theorical approach that has applied the conclusions of information economics to the analysis of the working of the financial...

The purpose of this paper is to highlight the fact that the asymmetric information approach does not constitute the only theorical framework which gives provinence to the issue of firm financing; a meaningful theory could be elaborated on the basis of the works of Keynes and Schumpeter

In this article we focus on the transition from the traditional family business to a more complex situation that occurs when the ownership becomes fragmented due to the generational drift. We illustrate the critical issues, the decisions and the main tools that may be used to manage this...

The objective of this paper is to elaborate a monetary theory capable of supporting the thesis of money non-neutrality on the grounds of the arguments developed by Keynes and Schumpeter. This theory will be formulated starting from the two points which are common in the views of both Keynes and...

We derive the Bartlett correction for a simple hypothesis on the regression parameters in a multivariate stationary autoregressive process. Three applications illustrate the use of the correction: the test for absence of autocorrelation of any order, a simple hypothesis on the autoregressive...