The workers of the “creative industries” are paradigmatic subjects of the process of “work fragmentation” in the post-Fordist era. Cutting across any division between life and work, employment and unemployment, performing arts are, in many ways, a laboratory of job flexibility, where...

In Italy, internship has been added only recently to programs of study at universities. Notwithstanding its relevance in bringing university students closer to the world of work, internship does not easily succeed in its aims. Internship can be used inappropriately in many situations. Therefore,...

Relevant incoming immigration flows to Italy are novel for a country that has been source of emigrants for a long time. Immigrants are often discriminated against in housing, education, health and work. The perceptive aspect (how much immigrants actually feel discriminated) reveals the inner...

This paper considers the speed of adjustment to long-run equilibria, in the context of cointegrated Vector Autoregressive Processes (VAR). We discuss the definition of multivariate p-lives for any indicator of predictive ability, concentrating on cumulated interim multipliers which converge to...

This paper addresses the issue of testing the 'hybrid' New Keynesian Phillips Curve (NKPC) through Vector Autoregressive (VAR) systems and likelihood methods, giving special emphasis to the case where variables are non stationary. The idea is to use a VAR for both the inflation rate and the...

We show that full risk sharing may not be at odd with the idea that changes in regional consumption display error-correcting dynamics, in line with the idea that information and transaction costs stemming from interregional portfolio diversification and labor movements induced by permanent...

This paper proposes the evaluation of the New Keynesian Phillips Curve (NKPC) under a new learning mechanism where VAR learning dynamics is combined with the idea of testing the validity of the forward-looking model of inflation dynamics. The key assumption is that agents’ perceived law of...

When in "exact" present value (PV) relations the decision variables do not Granger cause the explanatory variables and a VAR process is used to derive restrictions, the system embodies explosive roots. Hence any test of the PV restrictions would reject the null if the system incorporates Granger...