All Outputs (123)

Debt and Financial Fragility: Italian Non-Financial Companies after the Pandemic (2024)
Journal Article
Fattouh, B., Pisicoli, B., & Scaramozzino, P. (2024). Debt and Financial Fragility: Italian Non-Financial Companies after the Pandemic. Economic Modelling, 131, Article 106628. https://doi.org/10.1016/j.econmod.2023.106628

This paper analyses the evolution of debt of Italian firms from 2010 to 2020 with special focus on the first year of the Covid-19 pandemic. We use quantile regressions to assess the vulnerabilities of the most indebted firms. On average Italian non-f... Read More about Debt and Financial Fragility: Italian Non-Financial Companies after the Pandemic.

The Public Finance Position of Immigrants in Europe: A Quantile Regression Approach (2023)
Journal Article
Joxhe, M., Scaramozzino, P., & Zanaj, S. (2024). The Public Finance Position of Immigrants in Europe: A Quantile Regression Approach. Public Finance Review, 52(2), 182-221. https://doi.org/10.1177/10911421231197280

This paper contrasts the net fiscal position (NFP) of immigrants versus natives using data from the European Survey on Living Conditions for 2007-2015. By employing a quantile regression approach, we find that European and non-European migrants have... Read More about The Public Finance Position of Immigrants in Europe: A Quantile Regression Approach.

Intertemporal Choices, Information, and Opportunity Sets: The Effectiveness of Monetary Policy (2023)
Book Chapter
Imbriani, C., & Scaramozzino, P. (2023). Intertemporal Choices, Information, and Opportunity Sets: The Effectiveness of Monetary Policy. In C. Imbriani, & P. Scaramozzino (Eds.), Economic Policy Frameworks Revisited. A Restatement of the Evergreen Instruments (11-29). Springer Nature. https://doi.org/10.1007/978-3-031-36518-8_2

Monetary authorities have the advantage over the private sector because of the longevity of their institutions and their exclusive power to issue fiat money. These defining features of central banking have, however, been overlooked by much of the rec... Read More about Intertemporal Choices, Information, and Opportunity Sets: The Effectiveness of Monetary Policy.

Thinking Outside the Box: Giancarlo Marini, A Rigorous Eclectic Economist (2023)
Book Chapter
Imbriani, C., & Scaramozzino, P. (2023). Thinking Outside the Box: Giancarlo Marini, A Rigorous Eclectic Economist. In C. Imbriani, & P. Scaramozzino (Eds.), Economic Policy Frameworks Revisited. A Restatement of the Evergreen Instruments (31-48). Springer Nature. https://doi.org/10.1007/978-3-031-36518-8_3

In the current age of hyper-specialisation in the economic profession, the range of interests of Giancarlo Marini stands out for their breadth and originality. Marini gave significant contributions to monetary and fiscal policy and their interactions... Read More about Thinking Outside the Box: Giancarlo Marini, A Rigorous Eclectic Economist.

Economic Policy Frameworks Revisited. A Restatement of the Evergreen Instruments (2023)
Book
Imbriani, C., & Scaramozzino, P. (Eds.). (2023). Economic Policy Frameworks Revisited. A Restatement of the Evergreen Instruments. Springer Nature. https://doi.org/10.1007/978-3-031-36518-8

This volume presents state-of-the-art contributions to the theory and practice of economic policy. In light of the 2007/2008 financial crisis and the COVID-19 pandemic, it discusses the relevance and effectiveness of various traditional economic poli... Read More about Economic Policy Frameworks Revisited. A Restatement of the Evergreen Instruments.

Introduction: Time and Economic Policy (2023)
Book Chapter
Imbriani, C., & Scaramozzino, P. (2023). Introduction: Time and Economic Policy. In C. Imbriani, & P. Scaramozzino (Eds.), Economic Policy Frameworks Revisited. A Restatement of the Evergreen Instruments (1-8). Springer Nature. https://doi.org/10.1007/978-3-031-36518-8_1

What is the role today of monetary and fiscal policy? The past few years have seen an intensification of the debate on the scope and rationale of economic policy, stimulated by the responses to the massive economic shocks which affected the global ec... Read More about Introduction: Time and Economic Policy.

Dividends Policy and Payouts: Evidence from South Africa (2023)
Preprint / Working Paper
Driver, C., Grosman, A., Scaramozzino, P., & Lesame, K. Dividends Policy and Payouts: Evidence from South Africa. Pretoria

The theoretical framework that informs dividend studies is somewhat loose. This makes it difficult to test competing views on dividend behaviour. One view is that it reflects a useful discipline on managerial autonomy to invest; another view is that... Read More about Dividends Policy and Payouts: Evidence from South Africa.

Gains from Variety: Refugee-Host Interactions in Uganda (2023)
Preprint / Working Paper
Dasi Mariani, R., Rosati, F. C., Scaramozzino, P., & d'Errico, M. Gains from Variety: Refugee-Host Interactions in Uganda. Rome, Italy

Refugees are mainly hosted in low-income countries, where they often remain for a long time. Therefore, it is important to assess how they integrate with the local economy and to what extent their presence can contribute to the transition to a more d... Read More about Gains from Variety: Refugee-Host Interactions in Uganda.

Debt and Financial Fragility: Italian Non-Financial Companies after the Pandemic (2023)
Preprint / Working Paper
Fattouh, B., Pisicoli, B., & Scaramozzino, P. Debt and Financial Fragility: Italian Non-Financial Companies after the Pandemic. Rome

This paper analyses the evolution of debt of Italian firms from 2010 to 2020 with special focus on the first year of the Covid-19 pandemic. By means of quantile regressions, our approach investigates several heterogeneities to assess the vulnerabilit... Read More about Debt and Financial Fragility: Italian Non-Financial Companies after the Pandemic.

COVID-19 debt relief (2021)
Journal Article
Becchetti, L., & Scaramozzino, P. (2021). COVID-19 debt relief. Scienza e pace, 12(2), 1-25

The COVID-19 pandemic has been a global shock with dramatic consequences on debts of governments called to alleviate the economic and social impact of the crisis on firms and households. We explore conditions for the feasibility of (COVID-19 generate... Read More about COVID-19 debt relief.

COVID-19 Debt Relief in the EU (2021)
Journal Article
Becchetti, L., & Scaramozzino, P. (2021). COVID-19 Debt Relief in the EU. Scienza e pace, 12(2),

The COVID-19 pandemic has been a global shock with dramatic consequences on debts of the governments which were called to alleviate the economic and social impact of the crisis on firms and households. We explore conditions for the feasibility of (CO... Read More about COVID-19 Debt Relief in the EU.

Behind the Italian Regional Divide: An Economic Fitness and Complexity Perspective (2021)
Journal Article
Sbardella, A., Zaccaria, A., Pietronero, L., & Scaramozzino, P. (in press). Behind the Italian Regional Divide: An Economic Fitness and Complexity Perspective. SINAPPSI, XI(2), 50-73

This paper applies the Economic Fitness and Complexity approach to analyse the underlying factors behind the wide and persistent economic disparities across the Italian regional units. Measures of regional fitness are obtained from their revealed com... Read More about Behind the Italian Regional Divide: An Economic Fitness and Complexity Perspective.

Behind the Italian Regional Divide: An Economic Fitness and Complexity Perspective (2021)
Preprint / Working Paper
Sbardella, A., Zaccaria, A., Pietronero, L., & Scaramozzino, P. Behind the Italian Regional Divide: An Economic Fitness and Complexity Perspective. London, UK

This paper applies the Economic Fitness and Complexity approach to analyse the underlying factors behind the wide and persistent economic disparities across the Italian regional units. Measures of regional fitness are obtained from their revealed com... Read More about Behind the Italian Regional Divide: An Economic Fitness and Complexity Perspective.

Does Air Pollution Influence Internal Migration? An Empirical Investigation on Italian Provinces (2021)
Journal Article
Germani, A. R., Scaramozzino, P., Castaldo, A., & Talamo, G. (in press). Does Air Pollution Influence Internal Migration? An Empirical Investigation on Italian Provinces. Environmental Science & Policy, 120(June), 11-20. https://doi.org/10.1016/j.envsci.2021.02.005

This research analyzes the role that air pollution plays, controlling for other socio-economic factors, in the movement of the population among Italian provinces. In spite of the increased prominence of environmental degradation in the public policy... Read More about Does Air Pollution Influence Internal Migration? An Empirical Investigation on Italian Provinces.

COVID-19 debt relief (2020)
Preprint / Working Paper
Becchetti, L., & Scaramozzino, P. COVID-19 debt relief. London

The COVID-19 pandemic has been a global shock with dramatic consequences on debts of governments called to alleviate the economic and social impact of the crisis on firms and households. We explore conditions for the feasibility of (COVID-19 generate... Read More about COVID-19 debt relief.

Nudging and corporate environmental responsibility: A natural field experiment (2020)
Journal Article
Becchetti, L., Salustri, F., & Scaramozzino, P. (in press). Nudging and corporate environmental responsibility: A natural field experiment. Food Policy, 97, 1-17. https://doi.org/10.1016/j.foodpol.2020.101951

We devise a “nudging” natural field experiment to test the impact of a simple form of advertising on environmentally responsible products with/without the increase of the responsible product price. We find that the simple use of a small shelf poster... Read More about Nudging and corporate environmental responsibility: A natural field experiment.

How investor pressure leads to higher dividend payouts (2020)
Digital Artefact
Driver, C., Grosman, A., & Scaramozzino, P. How investor pressure leads to higher dividend payouts

The dividends in the UK companies have been on the rise, despite uncertain economic outlook due to COVID-19, pension deficits and irrespective of whether the companies have been making profits. This column analyses the reasons for such a dramatic inc... Read More about How investor pressure leads to higher dividend payouts.

Fiscal Effects of Migrants in Europe: A Quantile Regression Approach (2020)
Preprint / Working Paper
Joxhe, M., Scaramozzino, P., & Zanaj, S. Fiscal Effects of Migrants in Europe: A Quantile Regression Approach. Luxembourg

In this paper, we explore the fiscal impact of immigrants in Europe applying a quantile regression approach to data from the European Survey on Living Conditions (EU-SILC) for the period 2007-2015. Our estimations show that not only on average but al... Read More about Fiscal Effects of Migrants in Europe: A Quantile Regression Approach.

Dividend Policy and Investor Pressure (2019)
Journal Article
Driver, C., Grosman, A., & Scaramozzino, P. (2020). Dividend Policy and Investor Pressure. Economic Modelling, 89, 559-576. https://doi.org/10.1016/j.econmod.2019.11.016

The economics of dividend policy has focused on the single tight narrative that dividends keep managers honest, mitigating concerns that they over-invest. This article provides a critique of that agency narrative, arguing that pressure from short-ter... Read More about Dividend Policy and Investor Pressure.

Internal Migration Is an Effective Risk Management Strategy for Households in Rural Tanzania (2019)
Other
Pietrelli, R., & Scaramozzino, P. (2019). Internal Migration Is an Effective Risk Management Strategy for Households in Rural Tanzania

Various explanations have been put forward to shed light on individual decisions to migrate and the effects of migration on the household of origin. Using panel data from migrants and original households living in Tanzania, Rebecca Pietrelli and Pasq... Read More about Internal Migration Is an Effective Risk Management Strategy for Households in Rural Tanzania.