One of the main techniques for determining the long term stability properties of a macro-econometric model has been for some time now to compute the eigenvalues of the linearized reduced form of the model. But these eigenvalues are affected by uncertainty, coming mostly from the error on the...

Alternative pension schemes, and early retirement provisions in particular, can produce different effects on retirement behavior, with significant economic consequences. This paper presents new evidence on the effect of different seniority pension reforms, considering the evolution of an...

We evaluate the herding phenomenon among analysts who produce reports on stocks listed at the Italian stock exchange. We apply a methodology similar to that employed in Welch (2000) for the US stock market. We show that analysts recommendations are affected by the consensus among the analysts or...