COVID-19 Forum

In this page you can find a selection of short notes and analyses on the ongoing pandemic crisis, mostly focusing on its economic implications, links to interesting webinars and frequently updated forecasts on various aspects of the pandemic. Some of the contributions posted in this page are authored or co-authored by EIEF faculty, some by other researchers; some of the contributions are in Italian. The work contained in this page is in-progress, and immediacy is privileged over completeness.

Notes by EIEF Faculty

Notes by Other Researchers


Frequently Updated Forecasts

Selected Publications 2020

Effectiveness of Connected Legislators”, Marco Battaglini and Eleonora Patacchini (with V. L. Sciabolazza), American Journal of Political Science, 2020, Volume 64, Issue 4, pages 739-756.

"Social Networks in Policy Making", Marco Battaglini and Eleonora Patacchini, Annual Reviews of Economics, 2020, Volume 11, pages 473-494.

The Political Economy of Public Debt: A Laboratory Study”, Marco Battaglini (with S. Nunnari and T. Palfrey), Journal of the European Economic Association, 2020, Volume 18, Issue 4, pages 1969-2012.

The Political Economy of Weak Treaties”, Marco Battaglini (with B. Harstad), Journal of Political Economy, 2020, Volume 128, Issue 2, pages 544-590.

Dynamic Debt Deleveraging and Optimal Monetary Policy”, Pierpaolo Benigno (with G. Eggertsson and F. Romei), American Economic Journal: Macroeconomics, 2020, Volume 12, Issue 2, pages 310-350.

Youth Enfranchisement, Political Responsiveness, and Education Expenditure: Evidence from the U.S.”, Graziella Bertocchi, (with A. Dimico, F. Lancia and A. Russo), American Economic Journal: Economic Policy, 2020, Volume 12, Issue 3, pages 76-106.

War of the Waves: Radio and resistance During World War II”, Stefano Gagliarducci (with M. Onorato, F. Sobbrio and G. Tabellini), American Economic Journal: Applied Economics, 2020, Volume 12, Issue 4, pages 1-38.

Politics in the Family: Nepotism and the Hiring Decisions of Italian Firms”, Stefano Gagliarducci (with M. Manacorda), American Economic Journal: Applied Economics, 2020, Volume 12, Issue 2, pages 67-95.

Heterogeneity and Persistence in Returns to Wealth”, Luigi Guiso (with A. Fagereng, D. Malacrino and L. Pistaferri), Econometrica, 2020, Volume 88, Issue 1, pages 115–170.

"Temporary Price Changes, Inflation Regimes, and the Propagation of Monetary Shocks", Francesco Lippi (with F. Alvarez), American Economic Journal: Macroeconomics, 2020, Volume 12, Issue 1, pages 104–152.

"Cointegration and Error Correction Mechanisms for Singular Stochastic Vectors", Marco Lippi (with M. Barigozzi and M. Luciani), Econometrics, 2020, Volume 8, Issue 1.

"Social Media and Protest Participation: Evidence from Russia", Alexey Makarin (with R. Enikolopov and M. Petrova), Econometrica, 2020, Volume 88, Issue 4, pages 1479–1514.

"National or Sub-National Parties: Does Party Geographic Scope Matter?", Alexey Makarin (with Ricardo Pique and Fernando Aragon), Journal of Development Economics, 2020, Volume 146.

"Career Risk and Market Discipline in Asset Management", Marco Pagano (with A. Ellul and A. Scognamiglio), The Review of Financial Studies, 2020, Volume 33, Issue 2, pages 783-828.

Local Crowding Out in China”, Marco Pagano (with Y. Huang and U. Panizza), 2017 CICF Best Paper Award, Journal of Finance, 2020. Volume 75, Issue 6, pages 2855-2898.

"Health and Sustainability in Post-Pandemic Economic Policies", Marco Pagano (with C. Guerriero and A. Haines), Nature Sustainability, 2020, Vol. 3, pages 494–49.

"Risk Sharing within the Firm: A Primer", Marco Pagano, Foundations and Trends in Finance, 2020, Vol. 12, Issue 2, pages 117–198.

"The COVID-19 Shock and Equity Shortfall: Firm-level Evidence from Italy", Marco Pagano (with E. Carletti, T. Oliviero, L. Pelizzon and M. Subrahmanyam), Review of Corporate Finance Studies, 2020, Vol. 9, Issue 3, pages 534–568.

"Mothers, Peers and Gender-Role Identity", Eleonora Patacchini (with C. Olivetti, and Y. Zenou), Journal of the European Economic Association, 2020, Volume 18, Issue 1, pages 266-301.

"Are They All Like Bill, Mark, and Steve? The Education Premium for Entrepreneurs", Fabiano Schivardi with Claudio Michelacci, Labour Economics, 2020, Volume 67.

"Identifying the Real Effects of Zombie Lending", Fabiano Schivardi (with with E. Sette and G. Tabellini), The Review of Corporate Finance Studies, 2020, Volume 9, Issue 3, pages 569–592.

Motivating Whistleblowers”, Giancarlo Spagnolo (with J.V. Butler, and D. Serra), Management Science, 2020, Volume 66, pages 605 - 621.

"Past Performance and Entry in Procurement: an Experimental Investigation", Giancarlo Spagnolo (with J. Butler, E. Carbone and P. Conzo), Journal of Economic Behavior and Organizations, 2020, Volume 173, pages 179-195.

Selected Publications 2018

Influencing Connected Legislators“, Marco Battaglini and Eleonora Patacchini, Journal of Political Economy, 2018, Volume 126, Issue 6, pages 2277-2322.

Comparing Procurement Auctions“, Francesco Decarolis, International Economic Review, 2018, Volume 59, Issue 2, pages 391-419.

What Drives Women out of Entrepreneurship. The Joint Role of Testosterone and Culture“, Luigi Guiso (with A. Rustichini), European Economic Review, 2018, Volume 109, pages 221-237.

Time Varying Risk Aversion“, Luigi Guiso (with P. Sapienza and L. Zingales), Journal of Financial Economics, 2018, Volume 128, Issue 3, pages 403-421.

Portfolio Choices, Firm Shocks and Uninsurable Wage Risk“, Luigi Guiso (with A. Fagereng and L. Pistaferri), Review of Economic Studies, 2018, Volume 85, Issue 1, pages 437-474.

Technological Revolutions and the Three Great Slumps: A Medium-Run Analysis“, Jean-Paul L’Huillier (with D. Cao), Journal of Monetary Economics, 2018, Volume 96, pages 93-108.

Monetary Shocks with Observation and Menu Costs“, Francesco Lippi and Luigi Paciello (with F. Alvarez), Journal of the European Economic Association, 2018, Volume 16, Issue 2, pages 353-382.

Dynamic factor model with infinite-dimensional factor space: Forecasting”, Marco Lippi (with M. Forni, A. Giovannelli and S. Soccorsi), Journal of Applied Econometrics, 2018, Volume 33, Issue 5, pages 625-642.

Financial Disclosure and Market Transparency with Costly Information Processing”, Marco Pagano (with M. Di Maggio), Review of Finance, 2018, Volume 22, Issue 1, pages 117-153.

Employment and Wage Insurance within Firms: Worldwide Evidence“, Marco Pagano and Fabiano Schivardi (with A. Ellul), Review of Financial Studies, 2018, Volume 31, Issue 4, pages 1298-1340.

Weighted-average least-squares estimation of generalized linear models”, Franco Peracchi (with G. De Luca, and J. Magnus), Journal of Econometrics, 2018, Volume 204, Issue 1, pages 1-17.

Asymmetric Information and Imperfect Competition in Lending Markets“, Fabiano Schivardi (with G.S. Crawford, G.S. and N. Pavanini), American Economic Review, 2018, Volume 108, Issue 7, pages 1659-1701.

The Effect of Discretion on Procurement Performance“, Giancarlo Spagnolo (with D. Coviello and A. Guglielmo), Management Science, 2018, Volume 64, Issue 2, pages 715-738.

Selected Publications 2019

The Informative Theory of Legislative Committees: An Experimental Analysis”, Marco Battaglini (with W. Lim, E. Lai and J. Wang), American Political Science Review, 2019,Volume 133, Issue 1, pages 55-76.

Overconfidence, Subjective Perception and Pricing Behavior”, Pierpaolo Benigno (with A. G. Karantounias), Journal of Economic Behavior and Organization, 2019, Volume 164, pages 107-132.

Private Money Creation, Liquidity Crises, and Government Interventions”, Pierpaolo Benigno (with R. Robatto), Journal of Monetary Economics, 2019, Volume 164, pages 107-132.

The Long-Term Determinants of Female HIV Infection in Africa: The Slave Trade, Polygyny, and Sexual Behavior”, Graziella Bertocchi (with A. Dimico), Journal of Development Economics, Volume 140, pages 90-105.

"The Supply Side of Household Finance", Luigi Guiso (with G. Foà, L. Gambacorta, and P.E. Mistrulli), Review of Financial Studies, 2019, Volume 32, Issue 10, pages 3762-3798.

Price Dynamics with Customer Markets”, Luigi Paciello and Andrea Pozzi (with N. Trachter), International Economic Review, 2019, Volume 60, Issue 1, pages 413-446.

Corporate Leverage and Employee Protection in Bankruptcy”, Marco Pagano (with A. Ellul), Journal of Financial Economics, 2019, Volume 133, Issue 3, pages 685-707.

Weight, Reference Points, and the Onset of Eating Disorders”, Eleonora Patacchini (with T. Arduini, and D. Iorio), Journal of Health Economics, 2019, Volume 65, pages 170-188.

Comments on ‘Unobservable Selection and Coefficient Stability: Theory and Evidence’ and ‘Poorly Measred Counfounders are More Useful on the Left Than on the Right’”, Franco Peracchi (with G. De Luca, and J. R. Magnus), Journal of Business & Economic Statistics, 2019, Volume 37, Issue 2, Pages 217-222.

Macro-prudential taxation in good times”, Facundo Piguillem (with J. Flemming and J. P. L’Huillier), Journal of International Economics, 2019, Volume 121, 103251.

Do Female Executives Make a Difference? The Impact of Female Leadership on Gender Gaps and Firm Performance”, Fabiano Schivardi (with L. Flabbi, M. Macis, and A. Moro), Economic Journal, 2019, Volume 129, Issue 622, pages 2390-2423.

Frequency of Interaction, Communication and Collusion: An Experiment”, Giancarlo Spagnolo (with M. Bigoni and J. Potters), Economic Theory, 2019, Volume 68, Issue 4, pages 827-844.

Selling to Advised Buyers”, Anton Tsoy (with A. Malenko), American Economic Review, 2019, Volume 109, Issue 4, pages 1323-1348.

Selected Publications 2017

Public Protests and Policy Making“, Marco Battaglini, Quarterly Journal of Economics, 2017, Volume 132, Issue 1, pages 485-549.

Safe Assets, Liquidity, and Monetary Policy”, Pierpaolo Benigno (with S. Nisticò), American Economic Journal: Macroeconomics, 2017, Volume 9, Issue 2, pages 1-47.

Insurers’ Response to Selection Risk: Evidence from Medicare Enrollment Reforms“, Francesco Decarolis (with A. Guglielmo), Journal of Health Economics, 2017, Volume 56, pages 383-396.

Tenure in Office and Public Procurement”, Stefano Gagliarducci (with D. Coviello), American Economic Journal: Economic Policy, 2017, Volume 9, Issue 3, pages 59-105.

Asset Market Participation and Portfolio Choice over the Life-Cycle“, Luigi Guiso (with A. Fagereng and C. Gottlieb), Journal of Finance, 2017, Volume 72, Issue 2, pages 705-750.

Cash burns: An inventory model with a cash-credit choice“, Francesco Lippi (with F. Alvarez), Journal of Monetary Economics, 2017, Volume 90, pages 99-112.

Noisy News in Business Cycles”, Marco Lippi (with M. Forni, L. Gambetti and L. Sala), American Economic Journal: Macroeconomics, 2017, Volume 9, Issue 4, pages 122-152.

Noise Bubbles“, Marco Lippi (with M. Forni, L. Gambetti, and L. Sala), Economic Journal, 2017, Volume 127, Issue 604, pages 1940 - 1976.

Dynamic Factor Models with Infinite-Dimensional Factor Space: Asymptotic Analysis“, Marco Lippi (with M. Forni, M. Hallin, and P. Zaffaroni), Journal of Econometrics, 2017, Volume 199, Issue 1, pages 74-92.

Bank Exposures and Sovereign Stress Transmission”, Marco Pagano (with C. Altavilla and S. Simonelli), Review of Finance, 2017, Volume 21, Issue 6, pages 2103-2139.

Unhealthy Retirement?“, Franco Peracchi (with F. Mazzonna), Journal of Human Resources, 2017, Volume 52, Issue 1, pages 128-151.

Equilibrium Trust“, Daniele Terlizzese (with L. Anderlini), Games and Economic Behavior, 2017, Volume 102, pages 624-644.

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