Different authors have argued the importance of central banker's secrecy over alternative targets of monetary policy. One of the argument is based on the welfare results in a well known signalling game of monetary policy by Vickers (1986). This work aims to show how this argument crucially...

The aim of the present paper is to gain some insight into the causes of dropping out of school and, more generally, of the factors that induce parents to review their choices about their child's schooling careers. To this end we apply to data from a school dropout survey insights from a model of...

In questo lavoro si utilizza analisi di sopravvivenza per stimare la durata della disoccupazione attraverso un modello parametrico di azzardo proporzionale con ipotesi di distribuzione Weibull. Le variabili considerate nell' analisi riguardano le caratteristiche personali e della storia...

This paper explores the impact of wartime military spending on postwar U.S. fiscal policy, with a particular focus on the "ratchet effect" in taxes and transfers. Through econometric analysis, we investigate how changes in defense spending during and after conflicts shape long-term federal...