This study lays the foundations of the 'Accounting View' of money. Using international accounting principles, the study argues that state and central bank monies are not debt, and that in fractional reserve regimes only a share of commercial bank money can be regarded as debt. The study...

In this paper, we use Structural VAR analysis to disentangle credit demand and supply shocks and their eFFect on real economic activity in Italy during the 2008-2014 crisis period. The three endogenous variables considered are the loan interest rate, the loans growth rate and the employment to...

During the past 40 years, employment in manufacturing, as a share of total employment, has steadily fallen in the world's most advanced economies. In this paper the causes and the different modalities of deindustrialisation process are examined closely with reference to 13 of the first EU15...

This working paper has a twofold goal. On one hand, it provides a recap of Linear Mixed Models (LMMs): far from trying to be exhaustive, this first part of the working paper focusses on the derivation of theoretical results on estimation of LMMs that are scattered in the literature or whose...

Italian Abstract: Il saggio affronta il problema della cosiddetta responsabilità del fornitore di servizi internet in base ai seguenti artt. 12-14 dir. 00/31, con specifico riferimento alle violazioni del diritto d'autore. Lo studio mira a dimostrare che la legge europea sui fornitori di...

The paper – after addressing the issue of flexicurity as a lens through which to see precariousness, after identifying the sources at ILO, EU and constitutional level as foundation of `incompressibility' of rights which guarantee decent work against lacking of security in precariousness –...