CefES Publications


Publications 2023

Borrotti, M., Rabasco, M., & Santoro, A. (2023). Using Accounting Information to Predict Aggressive Tax Placement Decisions by European Groups. Economic Systems, 47 (3), 101090. https://doi.org/10.1016/j.ecosys.2023.101090

Crosato, L., Domenech, J., Liberati, C. (2023). Websites’ data: a new asset for enhancing credit risk modeling. Annals of Operations Research. https://doi.org/10.1007/s10479-023-05306-5

Crosato, L., Liberati, C., Repetto, M. (2023). Lost in a black-box? Interpretable machine learning for assessing Italian SMEs default. Applied Stochastic Models in Business and Industry, 1-18. https://doi.org/10.1002/asmb.2803

Friebel, G., Manchin, M., Mendola, M., & Prarolo, G. (conditionally accepted). International Migration Intentions and Illegal Costs: Evidence from Africa-to-Europe Smuggling Routes. Journal of International Economics.

Gattai, V., Natale, P., & Rossi, F. (2023). Board diversity and outward FDI: Evidence from europe. Economic Modelling, 120, 106156. https://doi.org/10.1016/j.econmod.2022.106156

Publications 2022

Belloni, M., Carrino, L., Meschi, E. (2022). The impact of working conditions on mental health: Novel evidence from the UK, Labour Economics, 76, 102176, https://doi.org/10.1016/j.labeco.2022.102176.

Bernasconi, M., Galetti, S., Gattai, V., Natale, P. (2022) Contract Incompleteness and the Boundaries of the Firm in Times of COVID-19. Journal of Industry, Competition and Trade, 22, 371–409. https://doi.org/10.1007/s10842-022-00387-7

Bottai, C., Crosato, L., Domenech, J., Guerzoni, M., Liberati, C. (2022). Unconventional data for policy: Using Big Data for detecting Italian innovative SMEs. In Proceedings of the 2022 ACM Conference on Information Technology for Social Good, 338-344 https://doi.org/10.1145/3524458.3547246.

Campo, F., Mendola, M., Morrison, A., & Ottaviano, G. (2022). Talents and Cultures: Immigrant Inventors and Ethnic Diversity in the Age of Mass Migration. Journal of European Economic Association, 20 (5), 1971-2021. https://doi.org/10.1093/jeea/jvac021

Cassola, N., De Grauwe, P., Morana, C. & Tirelli, P. (2022). The risks of exiting too early the policy responses to the COVID-19 recession. Research in Globalization, 4, 100073. https://doi.org/10.1016/j.resglo.2021.100073

Dalla Pellegrina, L., Di Maio, G., Masciandaro, D. (2022). Are Bankers “Crying Wolf”? Type I, Type II Errors and Deterrence in Anti-Money Laundering: The Italian Case. Italian Economic Journal. https://doi.org/10.1007/s40797-022-00195-2

Giancaterini, F., Hecq, A., Morana, C. (2022). Is Climate Change Time-Reversible? Econometrics, 10(4), 36. https://doi.org/10.3390/econometrics10040036

Morana, C. (In press). A new macro-financial condition index for the euro area. Econometrics and Statistics. https://doi.org/10.1016/j.ecosta.2021.09.005

Publications 2021

Baiardi, D., & Morana, C. (2021). Climate change awareness: Empirical evidence for the European Union. Energy Economics, 105163. https://doi.org/10.1016/j.eneco.2021.105163

Bernasconi, M., Galetti, S., Gattai, V., & Natale, P. (2021). Global Sourcing in Times of Covid-19. In Globalization, Deglobalization, and New Paradigms in Business. Palgrave Macmillan. https://doi.org/10.1007/978-3-030-81584-4

Borgoni, R., Carcagnì, A., Michelangeli, A., & Zaccagnini, F. (2021). Attitudes Towards Immigrant Inclusion: A Look at the Spatial Disparities Across European Countries. In P. Mariani & M. Zenga (Eds.), Data Science and Social Research II (pp. 79–90). Springer International Publishing. https://doi.org/10.1007/978-3-030-51222-4_7

Cerniglia, F., Longaretti, R., & Zanardi, A. (2021). How to design decentralisation to curb secessionist pressures? Top-down vs. bottom-up reforms. Structural Change and Economic Dynamics, 58, 377–390. https://doi.org/10.1016/j.strueco.2021.06.010

Crosato, L., Domenech, J., & Liberati, C. (2021). Predicting SME’s default: Are their websites informative? Economics Letters, 204, 109888. https://doi.org/10.1016/j.econlet.2021.109888

Cucchiarini, V., Caravona, L., Macchi, L., Perlino, F. L., & Viale, R. (2021). Behavioral Changes After the COVID-19 Lockdown in Italy. Frontiers in Psychology. https://doi.org/10.3389/fpsyg.2021.617315

Dalla Pellegrina, L., De Michele, A., Di Maio, G., Landoni, P., & Parravicini, S. (2021). Group Meeting Frequency and Borrowers’ Repayment Performance in Microfinance: Evidence from a Quasi-natural Experiment in South Africa. Journal of African Economies, ejab004. https://doi.org/10.1093/jae/ejab004

Dalla Pellegrina, L., Di Maio, G., Landoni, P., & Rusinà, E. (2021). Money management and entrepreneurial training in microfinance: Impact on beneficiaries and institutions. Economia Politica. https://doi.org/10.1007/s40888-021-00217-9

Dalla Pellegrina, L., & Saraceno, M. (2021). Does the open-cell regime foster inmates’ legal capability? Evidence from two Italian prisons. European Journal of Law and Economics. https://doi.org/10.1007/s10657-021-09701-w

Dragomirescu-Gaina, C., & Elia, L. (2021). Technology shocks and sectoral labour market spill-overs. Economics Letters, 201, 109784. https://doi.org/10.1016/j.econlet.2021.109784

Dragomirescu-Gaina, C., & Philippas, D. (2021). Local versus global factors weighing on stock market returns during the COVID-19 pandemic. Finance Research Letters, 102270. https://doi.org/10.1016/j.frl.2021.102270

Gatti, M., & Oliviero, T. (2021). Deposit Insurance and Banks’ Deposit Rates: Evidence from the 2009 EU Policy. International Journal of Central Banking, 17(2). https://www.ijcb.org/journal/ijcb21q2a5.htm

Ghidoni, R., & Suetens, S. (n.d.). The Effect of Sequentiality on Cooperation in Repeated Games. American Economic Journal: Microeconomics. https://doi.org/10.1257/mic.20200268

Gianello, S. (2021a). Il sistema-partito come specchio della concezione democratica di Fidesz. DPCE Online, 46(1). http://www.dpceonline.it/index.php/dpceonline/article/view/1254

Gianello, S. (2021b). Il rinvio pregiudiziale e l’indipendenza dei giudici: Alcune riflessioni a margine di due recenti vicende. Nuovi Autoritarismi e Democrazie: Diritto, Istituzioni, Società (NAD-DIS), 3(1). https://doi.org/10.13130/2612-6672/15829

Gianello, S. (2021c). La complessa relazione tra la Federazione Russa e la CEDU alla luce della riforma costituzionale del 2020. DPCE Online, 47(2). http://www.dpceonline.it/index.php/dpceonline/article/view/1328

Liberati, C., Longaretti, R., & Michelangeli, A. (2021). Measuring Tolerant Behavior. Jahrbücher Für Nationalökonomie Und Statistik, 241(2), 149–171. https://doi.org/10.1515/jbnst-2019-0030

Maffi, L., & Mocarelli, L. (n.d.). Complexity and Efficiency: Milan in the Seventeenth and Eighteenth Centuries. In Italian Victualling Systems in the Early Modern Age, 16th to 18th Century (pp. 37–68). Palgrave Macmillan. https://www.palgrave.com/gp/book/9783030420635

Maffi, L., Tedeschi, P., & Vaquero Piñeiro, M. (n.d.). A New Wine for the International Market: Italian Public Institutions’ Initiatives to Support the Oenological Sector (1870-1910). In Wine, Networks and Scales: Intermediation in the production, distribution and consumption of wine. Peter Lang. https://doi.org/10.3726/b17374/20

Marchesi, S., & Masi, T. (2021). Life after default. Private and official deals. Journal of International Money and Finance, 113, 102339. https://doi.org/10.1016/j.jimonfin.2020.102339

Michelangeli, A. (2021). The Spatial Dimension of Inequality. In S. Colombo (Ed.), Spatial Economics Volume II: Applications (pp. 157–179). Springer International Publishing. https://doi.org/10.1007/978-3-030-40094-1_6

Michelangeli, A., Östh, J., & Türk, U. (2021). Intergenerational Income Mobility in Sweden: A look at the spatial disparities across municipalities. Regional Science Policy & Practice. https://doi.org/10.1111/rsp3.12452

Michelangeli, A., & Türk, U. (2021). Cities as drivers of social mobility. Cities, 108, 102969. https://doi.org/10.1016/j.cities.2020.102969

Mocarelli, L., Ongaro, G., & Tedeschi, P. (2021). The 19th century in the Lombard Alps: The unfulfilled promise of industrialization. Journal of Agrarian Change, 21(3), 545–561. https://doi.org/10.1111/joac.12413

Ongaro, G. (2021). Managing Abundance: Victualling Offices and Cereals Merchants in Eighteenth-Century Ferrara. In Italian Victualling Systems in the Early Modern Age, 16th to 18th Century (pp. 145–173). Palgrave Macmillan. https://www.palgrave.com/gp/book/9783030420635

Viale, R. (2021). The epistemic uncertainty of COVID-19: Failures and successes of heuristics in clinical decision-making. Mind & Society, 20(1), 149–154. https://doi.org/10.1007/s11299-020-00262-0

Viale, R., & Macchi, L. (2021). Analisi comportamentale delle politiche pubbliche. Nudge e interventi basati sulle scienze cognitive. Bologna: Il Mulino.

Publications 2020

Abatayo, A. L., Bosetti, V., Casari, M., Ghidoni, R., & Tavoni, M. (2020). Solar geoengineering may lead to excessive cooling and high strategic uncertainty. Proceedings of the National Academy of Sciences117(24), 13393–13398. https://doi.org/10.1073/pnas.1916637117

Carletti, E., Oliviero, T., Pagano, M., Pelizzon, L., & Subrahmanyam, M. G. (2020). The COVID-19 Shock and Equity Shortfall: Firm-Level Evidence from Italy. The Review of Corporate Finance Studies9(3), 534–568. https://doi.org/10.1093/rcfs/cfaa014

Cerasi, V., Deininger, S. M., Gambacorta, L., & Oliviero, T. (2020). How post-crisis regulation has affected bank CEO compensation. Journal of International Money and Finance, 102153. https://doi.org/10.1016/j.jimonfin.2020.102153

Dalla Pellegrina, L., Di Maio, G., Masciandaro, D., & Saraceno, M. (2020). Organized crime, suspicious transaction reporting and anti-money laundering regulation. Regional Studies, 1–15. https://doi.org/10.1080/00343404.2020.1772963

Dalla Pellegrina, L., Garoupa, N., & Gili, M. (2020). Estimating Judicial Ideal Points in Bi-Dimensional Courts: Evidence from Catalonia. Journal of Empirical Legal Studies, jels.12251. https://doi.org/10.1111/jels.12251

Etro, F., Marchesi, S., & Stepanova, E. (2020). Liberalizing art. Evidence on the Impressionists at the end of the Paris Salon. European Journal of Political Economy, 101857. https://doi.org/10.1016/j.ejpoleco.2020.101857

Marchesi, S., & Masi, T. (2020a). Sovereign rating after private and official restructuring. Economics Letters, 109178. https://doi.org/10.1016/j.econlet.2020.109178

Marchesi, S., & Masi, T. (2020b). Delegation of implementation in project aid. The Review of International Organizationshttps://doi.org/10.1007/s11558-020-09396-9

Marchesi, S., & Masi, T. (2020c). Life after default. Private and Official Deals. Journal of International Money and Finance, 102339. https://doi.org/10.1016/j.jimonfin.2020.102339

Tedeschi, P. (2020). An economic resource or a social problem? European institutions and migrants from the 1950s to the 1970s: the case of Belgium. In Economic and Social Perspectives on European Migration. Routledge. https://www.taylorfrancis.com/chapters/edit/10.4324/9781003045915-8/economic-resource-social-problem-paolo-tedeschi

Publications 2019

Albonico, A., Calés, L., Cardani, R., Croitorov, O., Ferroni, F., Giovannini, M., … Vogel, L. (2019). Comparing post-crisis dynamics across Euro Area countries with the Global Multi-country model. Economic Modelling, S0264999318307958. https://doi.org/10.1016/j.econmod.2019.04.016

Albonico, A., Paccagnini, A., & Tirelli, P. (2019). Limited Asset Market Participation And The Euro Area Crisis: An Empirical Dsge Model. Economic Inquiry57(3), 1302–1323. https://doi.org/10.1111/ecin.12791

Bastianin, A., Galeotti, M., & Polo, M. (2019). Convergence of European natural gas prices. Energy Economics81, 793–811. https://doi.org/10.1016/j.eneco.2019.05.017

Belloni, M., Cavapozzi, D., Dal Bianco, C., Pan, Y., & Trucchi, S. (2019). 9. How do early-life conditions shape health age profiles late in life? In A. Börsch-Supan, J. Bristle, K. Andersen-Ranberg, A. Brugiavini, F. Jusot, H. Litwin, & G. Weber (Eds.), Health and socio-economic status over the life course (pp. 91–98). https://doi.org/10.1515/9783110617245-009

Borgoni, R., Degli Antoni, G., Faillo, M., & Michelangeli, A. (2019). Natives, immigrants and social cohesion: Intra-city analysis combining the hedonic approach and a framed field experiment. International Review of Applied Economics33(5), 697–711. https://doi.org/10.1080/02692171.2018.1518412

Bosco, B., & Poggi, A. (2019). Middle Class, Government Effectiveness and Poverty in the EU: A Dynamic Multilevel Analysis: XXXX. Review of Income and Wealthhttps://doi.org/10.1111/roiw.12403

Carniti, E., Cerniglia, F., Longaretti, R., & Michelangeli, A. (2019). Decentralization and economic growth in Europe: For whom the bell tolls. Regional Studies53(6), 775–789. https://doi.org/10.1080/00343404.2018.1494382

Cerasi, V., Chizzolini, B., & Ivaldi, M. (2019). A test of the impact of mergers on bank competition. Economic Notes48(2). https://doi.org/10.1111/ecno.12135

Colciago, A., Samarina, A., & de Haan, J. (2019). Central Bank Policies And Income And Wealth Inequality: A Survey: Cb Policies And Inequality. Journal of Economic Surveyshttps://doi.org/10.1111/joes.12314

Comi, S., Grasseni, M., Origo, F., & Pagani, L. (2019). Where Women Make a Difference: Gender Quotas and Firms’ Performance in Three European Countries. ILR Review, 001979391984645. https://doi.org/10.1177/0019793919846450

Corsino, M., Mariani, M., & Torrisi, S. (2019). Firm strategic behavior and the measurement of knowledge flows with patent citations. Strategic Management Journal40(7), 1040–1069. https://doi.org/10.1002/smj.3016

Frattini, T., & Meschi, E. (2019). The effect of immigrant peers in vocational schools. European Economic Review113, 1–22. https://doi.org/10.1016/j.euroecorev.2018.12.005

Meschi, E., Swaffield, J., & Vignoles, A. (2019). The role of local labour market conditions and pupil attainment on post-compulsory schooling decisions. International Journal of Manpower, IJM-11-2017-0303. https://doi.org/10.1108/IJM-11-2017-0303

Morana, C., & Sbrana, G. (2019). Climate change implications for the catastrophe bonds market: An empirical analysis. Economic Modelling81, 274–294. https://doi.org/10.1016/j.econmod.2019.04.020

Pagani, L., Comi, S., & Origo, F. (2019). The Effect of School Rank on Personality Traits. Journal of Human Resources, 1218-9916R2. https://doi.org/10.3368/jhr.56.4.1218-9916R2

Publications 2018

Anand, P., & Poggi, A. (2018). Do Social Resources Matter? Social Capital, Personality Traits, and the Ability to Plan Ahead: Do Social Resources Matter? Social Capital, Personality Traits, and the Ability to Plan Ahead. Kyklos71(3), 343–373. https://doi.org/10.1111/kykl.12173

Baiardi, D., & Morana, C. (2018). Financial development and income distribution inequality in the euro area. Economic Modelling70, 40–55. https://doi.org/10.1016/j.econmod.2017.10.008

Basteck, C., & Mantovani, M. (2018). Cognitive ability and games of school choice. Games and Economic Behavior109, 156–183. https://doi.org/10.1016/j.geb.2017.12.011

Cardani, R., Menna, L., & Tirelli, P. (2018). The Optimal Policy Mix To Achieve Public Debt Consolidation. Macroeconomic Dynamics, 1–17. https://doi.org/10.1017/S1365100518000433

Colciago, A. (2018). Structural Reforms and Endogenous Market Structures. In J. de Haan & J. Parlevliet (Eds.), Structural Reforms (pp. 199–219). Springer International Publishing. https://doi.org/10.1007/978-3-319-74400-1_9

Corsino, M., Giuri, P., & Torrisi, S. (2018). Technology spin-offs: Teamwork, autonomy, and the exploitation of business opportunities. The Journal of Technology Transferhttps://doi.org/10.1007/s10961-018-9669-1

Dalla Pellegrina, L., Saraceno, M., & Suardi, M. (2018). Migration policy: Did an emergency provision displace standard rules? Evidence from Italy. Economia Politica35(3), 863–893. https://doi.org/10.1007/s40888-018-0128-0

Dreher, A., Gehring, K., Kotsogiannis, C., & Marchesi, S. (2018). Information transmission within federal fiscal architectures: Theory and evidence. Oxford Economic Papers70(1), 243–265. https://doi.org/10.1093/oep/gpx036

Fauri, F., & Tedeschi, P. (Eds.). (2018). Integration and entrepreneurship among migrant workers: A long-term view (1st edition 2018). Palgrave Macmillan.

Gattai, V., & Sali, G. (2018). FDI direction, FDI margin, and heterogeneous firms: Evidence from the EU. International Review of Applied Economics32(3), 283–307. https://doi.org/10.1080/02692171.2017.1342777

Marchesi, S. (2018). Communication and performance in Bank–Fund joint participation. Research in Economics72(2), 263–276. https://doi.org/10.1016/j.rie.2017.11.001

Ottone, S., Ponzano, F., & Andrighetto, G. (2018). Tax compliance under different institutional settings in Italy and Sweden: An experimental analysis. Economia Politica35(2), 367–402. https://doi.org/10.1007/s40888-018-0093-7

Publications 2017

Bagliano, F. C., & Morana, C. (2017). It ain’t over till it’s over: A global perspective on the Great Moderation-Great Recession interconnection. Applied Economics49(49), 4946–4969. https://doi.org/10.1080/00036846.2017.1296553

Corsino, M., Mariani, M., & Torrisi, S. (2017). On the Measurement of Knowledge Flows with Patent Citations. Academy of Management Proceedings2017(1), 12075. https://doi.org/10.5465/AMBPP.2017.123

d’Errico, R. M. M., Besana, C., & Ghezzi, R. (Eds.). (2017). Cheese Manufacturing in the Twentieth Century. Peter Lang B. https://doi.org/10.3726/b11644

Dalla Pellegrina, L. D., Frazzoni, S., Rotondi, Z., & Vezzulli, A. (2017). Does ICT adoption improve access to credit for small enterprises? Small Business Economics48(3), 657–679. https://doi.org/10.1007/s11187-016-9794-x

Dalla Pellegrina, L., De Mot, J., Faure, M., & Garoupa, N. (2017). Litigating Federalism: An Empirical Analysis of Decisions of the Belgian Constitutional Court. European Constitutional Law Review13(2), 305–346. https://doi.org/10.1017/S1574019617000050

Dalla Pellegrina, L., Garoupa, N., & Gómez-Pomar, F. (2017). Estimating judicial ideal points in the Spanish Supreme Court: The case of administrative review. International Review of Law and Economics52, 16–28. https://doi.org/10.1016/j.irle.2017.07.003

Dreher, A., Langlotz, S., & Marchesi, S. (2017). Information transmission and ownership consolidation in aid programs. Economic Inquiry55(4), 1671–1688. https://doi.org/10.1111/ecin.12450

Ferrara, M., & Tirelli, P. (2017). Equitable fiscal consolidations. Economic Modelling61, 207–223. https://doi.org/10.1016/j.econmod.2016.11.022

Giachetti, C., & Torrisi, S. (2018). Following or Running Away from the Market Leader? The Influences of Environmental Uncertainty and Market Leadership: Following or Running Away from the Market Leader? European Management Review15(3), 445–463. https://doi.org/10.1111/emre.12130

Menna, L., & Tirelli, P. (2017). Optimal inflation to reduce inequality. Review of Economic Dynamics24, 79–94. https://doi.org/10.1016/j.red.2017.01.004

Morana, C. (2017a). Macroeconomic and financial effects of oil price shocks: Evidence for the euro area. Economic Modelling64, 82–96. https://doi.org/10.1016/j.econmod.2017.03.016

Morana, C. (2017b). The US Dollar/Euro Exchange Rate: Structural Modeling and Forecasting During the Recent Financial Crises: The US Dollar/Euro Exchange Rate: Structural Modeling and Forecasting During the Recent Financial Crises. Journal of Forecasting36(8), 919–935. https://doi.org/10.1002/for.2430