PUBLICATIONS

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ARTICLES

A Nash Equilibrium for Differential Games with Moving-Horizon Strategies, Computational Economics, 2021. (with G. Di Bartolomeo and W. Semmler)

The Effects of Political Short-Termism on Transitions Induced by Pollution Regulations , in Herbert Dawid and Jasmina Arifovic (eds), Dynamic Analysis in Complex Economic Environments, 109-122, Springer, 2021. (with G. Di Bartolomeo, W. Semmler)

Public debt stabilization: the relevance of policymakers’ time horizons, Public Choice, 2018, (with G. Di Bartolomeo, M. Di Pietro, W. Semmler)

Economic Fluctuations in the U.S. and Euro Area: Quantifying the Contribution of Technical Change, Southern Economic Journal, 2018 (with M. Di Pietro).

Current Macroeconomic Challenges, Macroeconomic Dynamics, 22, 1-3, 2018 (with G. Di Bartolomeo).

Endogenizing the ICT Sector: A Multi-SectorApproach, Macroeconomic Dynamics, 22, 101-121, 2018 (with C. R. Wymer, D. Federici).

Optimal Waste Control with Abatement Capital, Journal of Evolutionary Economics, 2017. (with G. Travaglini)

The continuous-time approach to macroeconomic modelling with an application to the Italian economy, in Giovanni Di Bartolomeo and Enrico Saltari (eds.), Theoretical Foundations of Macroeconomic Policy: Growth, productivity and public finance, Routledge, 23-45, 2017. (with D. Federici)

Elasticity of substitution and technical progress: Is there a misspecification problem? Macroeconomic Dynamics, 2016. (with D. Federici)

Pollution Control under Emission Constraints: Switching between Regimes, Energy Economics, vol.53, 212–219, January 2016 (with G. Travaglini).

Elasticity of substitution and the stagnation of Italian productivity, Economics of Innovation and New Technology, September 2015 (with D. Federici).

Cyclical downturn or structural disease? The decline of the Italian economy in the last twenty years, Journal of Modern Italian Studies, vol. 20, Issue 2, 2015 (with G. Ciccarone).

R&D, innovation activity, and the use of external numerical flexibility, Economic Modelling, vol.36, 2014, 612–621 (with W. Addessi, R. Tilli).

The effects of financial and real wealth on consumption: new evidence from OECD countries. A comment, in R. De Bonis, A. Lamorgese, R. Sabbatini e F. Zol­­lino (eds), Le tendenze del mercato immobiliare: l'Italia e il confronto interna­ziona­le, Banca d’Ita­lia, luglio 2013, 373-376.

The impact of ICT and business services on the Italian economy, Structural Change and Economic Dynamics, vol.25, 110-118, 2013 (with C. R. Wymer, D. Federici).

The perverse effect of debt tax benefits on firm investment decisions, Economic Notes, vol. 41, no. 3-2012, 101–114, 2012, (with W. Addessi).

A note on optimal capital stock and financing constraints, Economic Modelling, Vol. 29, Issue 4, 1177-1180, July 2012 (with G. Travaglini).

Technological adoption with imperfect markets in the Italian economy, Studies in Nonlinear Dynamics & Econometrics, vol.16, issue 2, 1-28, 2012 (with C. R. Wymer, D. Federici, M. Giannetti).

The effects of environmental policies on the abatement investment decisions of a green firm, Resource and Energy Economics, Volume 33, Issue 3, September 2011, 666-685 (with G. Travaglini).

Si fa presto a dire Germania, il Mulino, n.1, 2011 (with G. Ciccarone)

Firing costs and labor market tightness: Is there any relationship?. Research in Economics, 65, 1-4, 2011 (with R. Tilli).

Leon Walras e la nascita del marginalismo. Lettera Matematica Pristem, vol. 74-75, 2-11, 2010.

The role and significance of endogenous firing costs in a matching model with endogenous job destruction. Journal of Socio-Economics, vol. 5, 799-808, 2009 (with R. Tilli).

Financial and Labor Market Imperfections and Investment. Economics Letters, vol. 102, 22-26, 2009 (with G. Calcagnini, G. Giombini).

The productivity slowdown puzzle: Technological and non technological shocks in the labor market. International Economic Journal, vol. 23, 483-509, 2009 (with G. Travaglini).

Investment and Productivity in the Italian Economy. In G. Calcagnini and E. Saltari (eds.), The Economics of Imperfect Markets, Springer, 2009 (with G. Travaglini, C. R. Wymer).

L’economia italiana. in XXI Secolo, 3° vol., Il mondo e la storia, Istituto della Enciclopedia Italiana, Roma 2009, 265-75, 2009.

Una spiegazione della rigidità del mercato del lavoro: protezione all’impiego e disoccupazione di equilibrio. In: G. Burgio, M. Capparucci, G. Sancetta, E. Todisco. Mercato del lavoro e protezione sociale nell’Unione Europea. p. 41-72, Roma: Sapienza editrice, 2009 (with R. Tilli).

Il rallentamento della produttività del lavoro e la crescita dell’occupazione. Il ruolo del progresso tecnologico e della flessibilità del lavoro, Rivista italiana degli economisti, vol. 1, 3-38, 2008 (with G. Travaglini).

Do labor market conditions affect the strictness of employment protection legislation?, Economics Bulletin, vol. 10, 1-9, 2008 (with R. Tilli).

Risk Aversion, Intertemporal Substitution, and the Aggregate Investment-uncertainty Relationship. Journal of Monetary Economics. vol. 54, 622-648, 2007 (with D.Ticchi).

The Effects of Future Financing Constraints on Capital Accumulation: Some New Results on the Constrained Investment Problem. Research in Economics. vol. 60, 85-96, 2006 (with G. Travaglini).

Risk-aversion and the investment-uncertainty relationship: A comment. Journal of Economic Behavior and Organization: Vol. 56, 121-125, 2005 (with D.Ticchi).

Una rivisitazione del nesso di causalità tra protezione all'impiego e performance del mercato del lavoro. Rivista italiana degli economisti: Vol.3, 453-473, 2004 (with R. Tilli).

Labor Market Performance and Flexibility: Which Comes First?, Topics in Macroeconomics: Vol. 4: No. 1, Article 5. http://www.bepress.com/bejm/topics/vol4/iss1/art5 , 2004 (with R. Tilli).

Households' Intertemporal Choice and the Duration of Fiscal Policies: Medium Run Non-Keynesian Effects. Ekonomia: vol. 6: No.2, 160-186, 2003 (with G. Rodano).

How do future constraints affect current investment? Topics in Macroeconomics: VOL. 3: NO. 1, Article 8. http://www.bepress.com/bejm/topics/vol3/iss1/art8, 2003 (with G. Travaglini).

Il consumo e la “durata” delle politiche fiscali: effetti non-keynesiani di medio periodo. Economia Politica. vol. 1, 37-64, 2002 (con G. Rodano).

Multiple attractors and global bifurcations in a Kaldor-type business cycle model. Journal of Evolutionary Economics. vol. 11, 527-554, 2001 (with G. Bischi, R. Dieci, G. Rodano).

Investment and uncertainty: is there a potential role for a common European policy. Economics Letters. vol. 72, 61-65, 2001 (with G. Calcagnini).

Investimenti e incertezza. Rivista internazionale di scienze sociali, 2001(with D.Ticchi).

Financial Constraints and Investment Decisions. Scottish Journal of Political Economy. vol. 3, 2001 (with G. Travaglini).

Barriere di prezzo, vincoli di liquidità e investimento. Rivista di politica economica. 2001 (with G. Travaglini).

Consumption and Fiscal Policy: Medium Run Non-Keynesian Effects. Temi di discussione - Banca d’Italia. (vol. 426), 2001 (with G. Rodano).

Real and Financial Uncertainty and Investment Decisions. Journal of Macroeconomics, 2000 (with G. Calcagnini).

Incertezza e partite correnti. Rivista italiana degli economisti, 2000 (with D.Ticchi).

BOOKS

Theoretical Foundations of Macroeconomic Policy, 2017, Routledge (with G. Di Bartolomeo)

Manuale di economia politica. Roma: Carocci, 2011 (with C. De Vincenti e R. Tilli).

Employment protection and the labor market. An alternative view. VDM Publishing, 2010 (with R. Tilli).

The Economics of Imperfect Markets. Hidelberg: Springer, 2009 (with G. Calcagnini).

L'economia italiana del nuovo millennio. Roma: Carocci, 2009 (with G. Travaglini).

Le radici del declino economico. Occupazione e produttività in Italia nell’ultimo decennio. UTET, 2006 (with G. Travaglini).

Introduzione all'economia finanziaria. Roma: La Nuova Italia Scientifica, 1997.

Un peccato di omissione, In: M. Messori, D. B. Silipo, Il modello di sviluppo dell’economia italiana quarant’anni dopo, Milano: Egea, 2012.

Produttività e capitale innovativo. In: G. Ciccarone, M. Franzini, E. Saltari. L'Italia Possibile. Equità e crescita, 1-17, Milano: Brioschi, 2010 (with G. Ciccarone).

Behavioral Portfolio Choice and Disappointment Aversion. In: Gian-Italo Bisch, Carl Chiarella, Laura Gardini, Nonlinear Dynamics in Economics, Finance and Social Sciences: Essays in Honour of John Barkley Rosser Jr, Springer, 2009 (with G. Travaglini).

Gli effetti reali della crisi finanziaria: alcuni scenari possibili. In: E. Barucci, M. Messori. Oltre lo shock. Quale stabilità per i mercati finanziari. p. 205-234, Milano: EGEA, 2009 (with G. Ciccarone).

Una spiegazione della “rigidità” del mercato del lavoro: protezione all’impiego e disoccupazione di equilibrio. In: G. Burgio, M. Capparucci, G. Sancetta, E. Todisco. Welfare, Coesione sociale e sostenibilità nell’Unione europea: modelli socioeconomici a confronto. ROMA: Sapienza editrice. (with R. Tilli)

The Role of Future Constraints in Determining Current Investment Decisions In G. Gandolfo, F. Marzano. International Economic Flows, Currency Crises, Investment and Economic Development. (pp. 331-350). ISBN: 88-8066-230-9. Roma: EUROMA, 2004 (with G. Travaglini).

Il settore dell’investment banking. In M. Messori, R. Tamborini e A. Zazzaro. Il sistema bancario italiano. ROMA: Carocci, 2003 (with G. Calcagnini).

Teorie delle decisioni di investimento in condizioni di certezza e incertezza. Una rassegna critica. In G. Zanetti. Le decisioni di investimento. Bologna: Il Mulino (ITALY), 1999 (with F. Marzano).

Mercati finanziari e decisioni di investimento. In G. Vaciago. Moneta e finanza. Bologna: Il Mulino (ITALY), 1998 (with G. Rodano).

Razionamento azionario, offerta effettiva e fluttuazioni cicliche. In M. Messori. La nuova economia keynesiana. Bologna, 1996.

WORKING PAPERS

Incertezza aggregata e investimenti: una semplice analisi biperiodale con preferenze ricorsive, 2011.

Sources of Productivity Slowdown in European Countries During 1990s, Discussion Papers in Economics 2007/24, University of York, 2007 (with G. Travaglini).