Archivi tag: Alessandra Pelloni

Is Volatility Good for Growth?. Evidence from the G7

We provide empirical support for an analytical DSGE model with nominal wage stickiness where growth is driven by learning-by-doing and money shocks and their variance are allowed to impact on long-run output growth. In our theoretical model the variance of … Continua a leggere

Pubblicato in 1) Working Papers | Contrassegnato , , , , , , , | Lascia un commento

Lump-Sum Taxes in a R&D Model 

Is it possible to increase growth and welfare by raising taxes anddisposing of the tax revenues? We show this may indeed be the case in a simple model with endogenous technical change, represented by an increase in the variety of … Continua a leggere

Pubblicato in 1) Working Papers | Contrassegnato , , , , | Lascia un commento

Factor Income Taxation in a Horizontal Innovation Model

We consider the optimal factor income taxation in a standard R&D model with technical change represented by an increase in the variety of intermediate goods. We show that the model has no transitional dynamics. Redistributing the tax burden from labor … Continua a leggere

Pubblicato in 1) Working Papers | Contrassegnato , , , , , | Lascia un commento

What are we learning from the life satisfaction literature ?

The recent availability of cross-sectional and longitudinal survey data on life satisfaction in a large number of countries gives us the opportunity to verify empirically (and not just to assume) what matters for individuals and what economists and policymakers should … Continua a leggere

Pubblicato in 1) Working Papers | Contrassegnato , , , , , , | Lascia un commento

Productivity growth and volatility: how important are wage and price rigidities?

We study the implications of having diferent sources of nominal rigidities on the relationship between productivity growth and shocks volatility in a model with procyclical R&D and imperfect competition in goods and labour markets. We show that the efects of … Continua a leggere

Pubblicato in 1) Working Papers | Contrassegnato , , , , | Lascia un commento