<i> A Note on Social Security Design. Means Tested vs Universal Programs </i> (di Marcello D'Amato) - ABSTRACT: Due to the slowdown of demographic and economic growth in developed countries, it has been argued that universal programs in social security should be replaced by means test programs. This...

<i> Il fenomeno della disoccupazione in Italia negli ultimi dieci anni: alcune risposte da un modello corretto con aspettative razionali </i> (di Oreste Napolitano) - ABSTRACT: This study shows, within an insider-outsider model, the persistence of unemployment in Italy in the period 1988-1998. The...

This paper explore, using Markov switching models, the dynamic relationship between stock market returns and the monetary policy innovation in 11 EUM countries and, for five of them, at each single industry portfolios. It also investigates the possibility of asymmetric effects of the ECB...