Research

Published papers

• Public Expenditure Multipliers and Informality (2024), with Davide Furceri, Pietro Pizzuto and Patrizio Tirelli, European Economic Review. DOI: 10.1016/j.euroecorev.2024.104703. Also available as CEPR Discussion Paper 18747. Revised version of the paper Fiscal Multipliers and Informality, IMF Working Paper N.2022/082, DISEIS WP 2201. Check out the VOX column about the paper.

• Skill Demand and Labour Market Concentration: Evidence from Italian Vacancies, (2023) with Alberto Marcato, International Journal of Manpower, DOI: 10.1108/IJM-04-2023-0181.

• Comparing the US financing sources during world wars and pandemics (Spanish flu vs. COVID-19), (2023), with Edoardo Beretta, Applied Economics Letters, DOI: 10.1080/13504851.2023.2266598

• The Day after the Bomb: Well-being Effects of Terrorist Attacks in Europe (2021), with Valentina Rotondi and Luca Stanca, Social Indicators Research, DOI: https://doi.org/10.1007/s11205-021-02800-w

• Statistical Learning and Exchange Rate Forecasting, (2020) with Matteo Pelagatti, International Journal of Forecasting. DOI 10.1016/j.ijforecast.2019.12.007

• Informality and the Labor Market Effects of Financial Crises (2019) with Lorenzo Menna and Patrizio Tirelli, World Development,  DOI: 10.1016/j.worlddev.2019.03.001

• Comparing time series characteristics of official and web job vacancy data, (2019) with P. Lovaglio, M. Mezzanzanica,  Quality and Quantity, DOI 10.1007/s11135-019-00940-3

• AI Meets Labor Market: Exploring the Link Between Automation and Skills, (2019) with Fabio Mercorio and Mario Mezzanzanica, Information Economics and Policy,  DOI: 10.1016/j.infoecopol.2019.05.003

• Carry trade returns with Support Vector Machines (2018) with Roberto Rossignoli and Gianfranco Forte, International Review of Finance, DOI: 10.1111/irfi.12186 

• Macroeconomic Conditions and Well-being: Do Social Interactions Matter? (2017) with Valentina Rotondi and Luca Stanca, Applied Economics, DOI: 10.1080/00036846.2017.1414935

• Macroeconomic Conditions and Health: Inspecting the Transmission Mechanism, (2017) with Valentina Rotondi and Luca Stanca, Economics & Human Biology, DOI: 10.1016/j.ehb.2017.11.005

• Shadow Economies at Times of Banking Crises: Empirics and Theory (2016), with Patrizio Tirelli and Luisanna Onnis, Journal of Banking and Finance, DOI: 10.1016/j.jbankfin.2014.09.017

• Addressing the unemployment-mortality conundrum: Non-linearity is the answer (2015), with Fabrizio Carmignani and Giorgio Bonamore, Social Science and Medicine, DOI:10.1016/j.socscimed.2014.12.017. On Line Appendix to the paper.

• On the Empirical Failure of Purchasing Power Parity Tests (2015), with Matteo Pelagatti, Journal of Applied Econometrics, DOI: 10.1002/jae.2418

• Measuring the Monetary Value of Social Relations: a Hedonic Approach, (2014) with Luca Stanca, Journal of Behavioral and Experimental Economics, DOI: 10.1016/j.socec.2014.03.001

• The Effect of Training on Productivity: Evidence from a Large Panel of Firms (2014), with Luca Stanca,  International Journal of Manpower, DOI: 10.1108/IJM-Aug-2012-012, Highly Commended Paper of 2014

• Reinterpreting social pacts: theory and evidence (2013), with Patrizio Tirelli and Jelle Visser, Journal of Comparative Economics, DOI: 10.1016/j.jce.2013.05.008

• La Dolce Vita: Hedonic Estimates of Quality of Life in Italian Cities, (2012), with Luca Stanca e Alessandra Michelangeli,  Regional Studies, DOI: 10.1080/00343404.2012.712206

• Macroeconomic risk and the (de)stabilising role of government size (2011), with Fabrizio Carmignani e Patrizio Tirelli,  European Journal of Political Economy, DOI: 10.1016/j.ejpoleco.2011.04.002 

• From composite indicators to partial orders: evaluating socio-economic phenomena through ordinal data (2012), with Marco Fattore and Filomena Maggino,  in Maggino F., Nuvolati G., (Eds.) Quality of life. Reflections, studies and researches in Italy, Social Indicators Research Series, Springer. DOI: 10.1007/978-94-007-3898-0_4 

• Exploring different views on exchange rate regime choice, (2008), with Fabrizio Carmignani e Patrizio Tirelli, Journal of International Money and Finance, DOI: 10.1016/j.jimonfin.2008.06.004

• Socio-political and economic determinants of de facto monetary institutions and inflationary outcomes (2008), with Fabrizio Carmignani e Patrizio Tirelli, Be Journal of  Macroeconomics, DOI: 10.2202/1935-1690.1591

• Investment Decisions and the Soft Budget Constraint: Evidence from a Large Panel of Hungarian Firms (2006), with Luca Stanca, Economics of Transition, DOI: 10.1111/j.1468-0351.2006.00238.x

• Wealth Distribution and Occupational Choice and the Behaviour of the Interest Rate (2003), with Akos Valentinyi, in Colombo e Driffill (eds) ''The Role of Financial Markets in the Transition Process'', Springer Verlag, 2003.

• Corporate Capital Structure in Transition: evidence from Hungarian and Czech Firms (2003), with Debora Revoltella, in Colombo e Driffill (eds) ''The Role of Financial Markets in the Transition Process'', Springer Verlag, 2003.

• Il Contenuto Informativo dell’Attivià Fieristica per l’Analisi Congiunturale (2002), with Luca Stanca, Rivista di Politica Economica.

• Restructuring as a Signal: a Simple Formalization (2002), Economics of Transition, DOI:  10.1111/1468-0351.00105

• Determinants of Corporate Capital Structure: Evidence from Hungarian Firms (2001), Applied Economics, DOI: 10.1080/00036840010015057

 Books

• Città italiane in cerca di qualità. Dove e perchè si vive meglio, (with Alessandra Michelangeli e Luca Stanca), UBE press, 2012.

• Economia dei Mercati Emergenti, Carocci Editore, (with Marco Lossani), 2009

• Financial Market Imperfections and Corporate Decisions: Lessons from the Transition Process in Hungary, Springer Verlag (with Luca Stanca), 2005

• Economia Monetaria Internazionale: elementi di base, Carocci Editore, (with Marco Lossani), 2003.

• The Role of Financial Markets in the Transition Process, co-editor with John Driffill, Springer Verlag, 2003