'consumption' vs. 'investment' good. We use as a natural experiment the Italian pension reforms of the 90s that introduced a clear …

This paper investigates the relationship linking investment (capital stock) and structural policies. Using a panel of … with less investment (lower capital stock). The paper also sheds light on the existence of non-linear effects of product …, barriers to entrepreneurship and barriers to trade and investment) tend to amplify the negative relationships between product …

It is estimated that only 5% of musicians in Italy are regularly employed. In an attempt at understanding such a … musicians and discourages talented agents from becoming full-time musicians in all second-best economies. In Italy both …

-tax country induces bunching. Such bunching promotes investment incentives in the low-tax as well as the high-tax country. In … equilibrium, affiliates might over-invest and the bunching-related investment effects generate a tendency for too high profit … investment incentives and transfer pricing induces inefficiently low taxes …

We study the role of competition for the hold-up problem in foreign direct investment in resource-based industries. The … host country government is not only unable to commit not to expropriate investment ex post, but is also unable to commit to … higher investment levels and increases host country revenues, but hurts profits of international investors …

This paper identifies the mechanism through which financial crises exert long-term negative effects on output. Theory ….2% higher today if productivity-enhancing investment intensity had remained at its pre-crisis level …

The paper analyses adverse investment, growth and distributional effects of ultra-loose monetary policies based on the … substitute real investment by financial investment. When interest rates are expected to fall in the long term, the marginal and …

Theory recommends aligning the tax treatment of debt and equity. A few countries, notably Belgium, have introduced an …, passive investment, and active investment of multinational firms, using high-quality administrative data on virtually all … multinational affiliates. Additionally, an ACE increases intra-group lending and other forms of passive investment but has no …

utility function whose arguments are consumption and investment. They desire to accumulate wealth for its own sake – this is …