Top Publications

Publications by EIEF’s researchers in Top Journals since 2008,

according to the Tinbergen Institute’s classification


Journals (AA)

Public Protests and Policy Making“, Marco Battaglini, Quarterly Journal of Economics, forthcoming.

Asset Market Participation and Portfolio Choice over the Life-Cycle“, Luigi Guiso (with A. Fagereng and C. Gottlieb), Journal of Finance, forthcoming.

Taxation and the International Mobility of Inventors“, Salomé Baslandze (with Akcigit, U., and S. Stantcheva), American Economic Review, 2016, Volume 106, Issue 10, pages 2930-2981.

The real effects of monetary shocks in sticky price models: a sufficient statistic approach“, Francesco Lippi (with Alvarez, F., and H. Le Bihan), American economic Review, 2016, Voume 106, Issue 10, pages 2817-2851.

Participation and Duration of Environmental Agreements“, Marco Battaglini (with B. Harstad), Journal of Political Economy, 2016, Volume 124, Issue 1, pages 160-204.

Monetary Shocks in Models with Inattentive Producers“, Francesco Lippi and Luigi Paciello (with F. Alvarez), Review of Economic Studies, 2016, Volume 83, Issue 2, pages 421-459.

Optimal Life Cycle Unemployment Insurance“, Claudio Michelacci (with H. Ruffo), American Economic Review, 2015, Volume 105, Issue 2, pages 816-859.

Time Horizon and Cooperation in Continuous Time“, Giancarlo Spagnolo (with M. Bigoni, M. Casari and A. Skrzypacz), Econometrica, 2015, Volume 83, Issue 2, pages 587-616.

Spending Biased Legislators: Discipline through Disagreement“, Facundo Piguillem (with A. Riboni), Quarterly Journal of Economics, 2015, Volume 130, Issue 2, pages 901-949.

Price Setting with Menu Cost for Multiproduct Firms“, Francesco Lippi (with F. Alvarez), Econometrica, 2014, Volume 82, Issue 1, pages 89-135.

Exogenous Information, Endogenous Information, and Optimal Monetary Policy“, Luigi Paciello (with M. Wiederholt), Review of Economic Studies, 2014, Volume 81, Issue 1, pages 356-388.

News, Noise, and Fluctuations: An Empirical Exploration“, Jean-Paul L’Huillier (with O. Blanchard and G. Lorenzoni), American Economic Review, 2013, Volume 103, Issue 7, pages 3045-3070.

The Determinants of Attitudes towards Strategic Default on Mortgages“, Luigi Guiso (with P. Sapienza and L. Zingales), Journal of Finance, 2013, Volume 68, Issue 4, pages 1473-1515.

Short-Selling Bans around the World: Evidence from the 2007-09 Crisis“, Marco Pagano (with A. Beber), Journal of Finance, 2013, Volume 68, Issue 1, pages 343-381.

Credit within the Firm“, Luigi Guiso, Luigi Pistaferri and Fabiano Schivardi, Review of Economic Studies, 2013, Volume 80, Issue 1, pages 211-247.

Durable Consumption and Asset Management with Transaction and Observation Costs“, Luigi Guiso and Francesco Lippi (with F. Alvarez), American Economic Review, 2012, Volume 102, Issue 5, pages 2272-2300.

The Inflation-Output Trade-Off with Downward Wage Rigidities“, Pierpaolo Benigno (with L. Ricci), American Economic Review, 2011, Volume 101, Issue 4, pages 1436-1466.

Optimal Price Setting with Observation and Menu Costs“, Francesco Lippi and Luigi Paciello (with F. Alvarez), Quarterly Journal of Economics, 2011, Volume 126, Issue 4, pages 1909-1960.

Inheritance Law and Investment in Family Firms“, Marco Pagano (with F. Panunzi and A. Ellul), American Economic Review, 2010, Volume 100, Issue 5, pages 2414-2450.

Financial Innovation and the Transactions Demand for Cash“, Francesco Lippi (with F. Alvarez), Econometrica, 2009, Volume 77, Issue 2, pages 363-402.

Cultural Biases in Economic Exchange?“, Luigi Guiso (with P. Sapienza and L. Zingales), Quarterly Journal of Economics, 2009, Volume 124, Issue 3, pages, 1095-1131.

Trusting the Stock Market“, Luigi Guiso (with P. Sapienza and L. Zingales), Journal of Finance, 2008, Volume 63, Issue 6, pages 2557-2600.

Journals (A)

Bend It Like Beckham: Ethnic Identity and Integration“, Eleonora Patacchini (with A. Bisin, T. Verdier, and Y. Zenou), European Economic Review, forthcoming.

Noise Bubbles“, Marco Lippi (with M.Forni, L. Gambetti, and L. Sala), Economic Journal, forthcoming.

Unhealthy Retirement?“, Franco Peracchi (with F. Mazzonna), Journal of Human Resources, forthcoming.

Long-Term Persistence“, Luigi Guiso (with P. Sapienza and L. Zingales), Journal of the European Economic Association, forthcoming.

Trust and Cheating“, Jeffrey Butler and Luigi Guiso (with P. Giuliano), Economic Journal, 2016, Volume 126, Issue 595, pages 1703-1738.

Inequality and Relative Ability Beliefs“, Jeffrey V. Butler, Economic Journal, 2016, Volume126, Issue 593, pages 907-948.

Endogenous Network Production Functions with Selectivity“, Eleonora Patacchini (with W.C. Horrace and X. Liu), Journal of Econometrics, 2016, Volume 190, Issue 2, Pages 222-232.

Labor Supply with Job Assignment under Balanced Growth“, Claudio Michelacci (with J. Pijoan), Journal of Economic Theory, 2016, Volume 163, pages 110-140.

Privatization and quality: Evidence from elderly care in Sweden“, Giancarlo Spagnolo (with M. Bergman, P. Johansson and S. Lundberg), Journal of Health Economics, 2016, Volume 49, pages 109-119.

Cultural Differences and Institutional Integration“, Luigi Guiso (with H. Herrera and M. Morelli), Journal of International Economics, 2016, Volume 99, Supplement 1, pages S97-S113.

Exports and Wages: Rent Sharing, Workforce Composition or Retuns to Skills?“, Fabiano Schivardi (with M. Macis), Journal of Labor Economics, 2016, Volume 34, Issue 4, pages 945-978

Political economy of debt and growth“, Marco Battaglini (with L. Barseghyan), Journal of Monetary Economics, 2016, Volume 82, pages 36-51.

The Costs and Benefits of Balanced Budget Rules: Lessons From a Political Economy Model of Fiscal Policy“, Marco Battaglini (with M. Azzimonti and S. Coate), Journal of Public Economics, 2016, Volume 136, April, pages 45-61.

The Right Amount of Trust“, Jeffrey Butler and Luigi Guiso (with P. Giuliano), Journal of the European Economic Association, 2016, Volume 14, Issue 15, pages 1155-1180.

A Political Economy Theory of Fiscal Policy and Unemployment“, Marco Battaglini (with S. Coate), Journal of the European Economic Association, 2016, Volume 14, Issue 2, pages 303-337.

Demand or Productivity: What Determines Firm Growth?“, Andrea Pozzi and Fabiano Schivardi, RAND Journal of Economics, 2016, Volume 47, Issue 3, pages 608-630.

Seeking Alpha: Excess Risk Taking and Competition for Managerial Talent“, Marco Pagano (with V. Acharya and P. Volpin), Review of Financial Studies, 2016, Volume 29, Issue 10, pages 2565-2599.

The Whole is Greater than the Sum of its Parts: Complementary Reforms to Address Microeconomic Distortions“, Facundo Piguillem (with R. Bergoeing and N. Loyza), World Bank Economic Review, 2016, Volume 30, Issue 2, pages 268-305.

Immigration, Housing Discrimination and Employment“, Eleonora Patacchini (with T. Boeri, M. De Philippis and M. Pellizzari), Economic Journal, 2015, Volume 125, Issue 586, pages F82-F144.

Pessimistic Information Gathering“, Elisabetta Iossa (with D. Martimort), Games and Economic Behavior, 2015, Volume 91, pages 75-96.

Trust, Values and False Consensus“, Jeffrey Butler and Luigi Guiso (with P. Giuliano), International Economic Review, 2015, Volume 56, Issue 3, pages 889-915.

Dynamic Factor Models with Infinite-Dimensional Factor Spaces: One-Sided Representations“, Marco Lippi (with M. Forni, M. Hallin and P. Zaffaroni), Journal of Econometrics, 2015, Volume 185, Issue 2, pages 359-371.

Model averaging estimation of generalized linear models with imputed covariates“, Franco Peracchi (with V. Dardanoni, G. De Luca, and S. Modica), Journal of Econometrics, 2015, Volume 184, Issue 2, pages 452-463.

Testing for Time-Invariant Unobserved Heterogeneity in Generalized Linear Models for Panel Data“, Franco Peracchi (with F. Bartolucci and F. Belotti), Journal of Econometrics, 2015, Volume 184, Issue 1, pages 111-123.

Optimal monetary policy with heterogeneous money holdings“, Francesco Lippi (with S. Ragni and N. Trachter), Journal of Economic Theory, 2015, Volume 159, Part A, pages 339-368.

The Value of Corporate Culture“, Luigi Guiso (with P. Sapienza, and L. Zingales), Journal of Financial Economics, 2015, Volume 117, Issue 1, pages 60-76.

Matching Firms, Managers and Incentives“, Luigi Guiso (with O. Bandiera, A. Prat, and R. Sadun), Journal of Labor Economics, 2015, Volume 33, Issue 3, pages 623-681.

Trust, Leniency and Deterrence“, Giancarlo Spagnolo (with M. Bigoni, C. Le Coq and S. Fridolfsson), Journal of Law, Economics and Organization, 2015, Volume 31, Issue 4, pages 663-689.

Unemployment and Productivity in The Long Run: The Role of Macroeconomic Volatility“, Pierpaolo Benigno (with L.A. Ricci and P. Surico), Review of Economics and Statistics, 2015, Volume 97, Issue 3, pages 698-709.

Trading Networks and Liquidity Provision“, Eleonora Patacchini (with E. Cohen-Cole, and A. Kirilenko), Journal of Financial Economics, 2014, Volume 113, Issue 2, pages 235-251.

Debt Deleveraging and The Exchange Rate“, Pierpaolo Benigno (with F. Romei), Journal of International Economics, 2014, Volume 93, Issue 1, pages 1-16.

Monetary Policy, Doubts and Asset Prices“, Pierpaolo Benigno and Luigi Paciello, Journal of Monetary Economics, 2014, Volume 64, pages 85 – 98.

Building Reputation for Contract Renewal: Implications for Performance Dynamics and Contract Duration“, Elisabetta Iossa (with Patrick Rey), Journal of the European Economic Association, 2014, Volume 12, Issue 3, pages 549-574.

Peer Effects in the Demand for Housing Quality“, Eleonora Patacchini (with G. Venanzoni), Journal of Urban Economics, 2014, Volume 83, pages 6-17.

The Distortive Effects of Antitrust Fines Based on Revenue“, Giancarlo Spagnolo (with V. Bageri, and Y. Katsoulacos), Economic Journal, 2013, Volume 123, Issue 572, pages F545-F557.

The Demand of Liquid Assets with Uncertain Lumpy Expenditures“, Francesco Lippi (with F. Alvarez), Journal of Monetary Economics, 2013, Volume 60, Issue 7, pages 753-770.

Does Idiosyncratic Business Risk Matter for Growth?“, Fabiano Schivardi (with C. Michelacci), Journal of the European Economic Association, 2013, Volume 11, Issue 2, pages 343 - 368.

The Effect of Internet Distribution on Brick-and-mortar Sales“, Andrea Pozzi, RAND Journal of Economics, 2013, Volume 44, Issue 3, pages 569-583.

Competition Policy and Productivity Growth: An Empirical Assessment“, Giancarlo Spagnolo (with P. Buccirossi, L. Ciari, T. Duso, and C. Vitale), Review of Economics and Statistics, 2013, Volume 95, Issue 4, pages 1324-1336.

Aging, cognitive abilities and retirement“, Franco Peracchi (with F. Mazzonna), European Economic Review, 2012, Volume 56, Issue 4, pages 691-710.

Commodity Money with Frequent Search“, Nicholas Trachter (with E. Oberfield), Journal of Economic Theory, 2012, Volume 147, Issue 6, pages 2332-2356.

Linear-Quadratic Approximation of Optimal Policy Problems“, Pierpaolo Benigno (with M. Woodford), Journal of Economic Theory, 2012, Volume 147, Issue 1, pages 1-42.

Juvenile Deliquency and Conformism“, Eleonora Patacchini (with Y. Zenou), Journal of Law, Economics & Organization, 2012, Volume 28, Issue 1, pages 1-31.

Oil and the Macroeconomy: A Quantitative Structural Analysis“, Francesco Lippi (with A. Nobili), Journal of the European Economic Association, 2012, Volume 10, Issue 5, pages 1059-1083.

The Market for Lawyers and Quality Layers in the Legal Services“, Elisabetta Iossa (with B. Jullien), RAND Journal of Economics, 2012, Volume 43, Issue 4, pages 677-704.

Risk Allocation and the Costs and Benefits of Public-Private Partnership“, Elisabetta Iossa (with D. Martimort), RAND Journal of Economics, 2012, Volume 43, Issue 3, pages 442 - 474.

Fines, Leniency and Rewards in Antitrust“, Giancarlo Spagnolo (with M. Bigoni, S. Fridolfsson, and C. Le Coq), RAND Journal of Economics, 2012, Volume 43, Issue 2, pages 368-390.

Securitization, Transparency and Liquidity“, Marco Pagano (with P. Volpin), Review of Financial Studies, 2012, Volume 25, Issue 8, pages 2417-2453.

Entry Barriers in Italian Retail Trade“, Fabiano Schivardi (with E. Viviano), Economic Journal, 2011, Volume 121, Issue 551, pages 145-170.

Formation and Persistence of Oppositional Identities“, Eleonora Patacchini (with A. Bisin, T. Verdier and Y. Zenou), European Economic Review, 2011, Volume 55, Issue 8, pages 1046-1071.

Networks of Relations and Word-of-Mouth Communication“, Giancarlo Spagnolo (with S. Lippert), Games and Economic Behavior, 2011, Volume 72, Issue 1, pages 202-217.

Estimating Income Poverty in the Presence of Missing Data and Measurement Error“, Franco Peracchi (with F. Foliano and C. Nicoletti), Journal of Business and Economic Statistics, 2011, Volume 29, Issue 1, pages 61-72.

The General Dynamic Factor Model: One-sided Representation Results“, Marco Lippi (with M. Forni), Journal of Econometrics, 2011, Volume 163, Issue 1, pages 23-28.

Regression with Imputed Covariates: A Generalized Missing Indicator Approach“, Franco Peracchi (with V. Dardanoni and S. Modica), Journal of Econometrics, 2011, Volume 162, Issue 2, pages 362-368.

Asset Prices, Debt Constraints and Inefficiency“, Pietro Reichlin (with G. Bloise), Journal of Economic Theory, 2011, Volume 146, Issue 4, pages 1520-1546.

Incentives to Innovate and Social Harm: Laissez-Faire, Authorization or Penalties?“, Marco Pagano (with G. Immordino and M. Polo), Journal of Public Economics, 2011, Volume 95, Issue 7-8, pages 864-876.

Enhancing Capabilities Through Credit Access: Creditworthiness as a Signal of Trustworthiness under Asymmetric Information“, Pierluigi Conzo (with L. Becchetti), Journal of Public Economics, 2011, Volume 95, Issue 3-4, pages 265-278.

What Determines Entrepreneurial Clusters?“, Luigi Guiso and Fabiano Schivardi, Journal of the European Economic Association, 2011, Volume 9, Issue 1, pages 61-86.

Tax Buyouts“, Fabiano Schivardi (with M. Del Negro and F. Perri), Journal of Monetary Economics – Carnegie-Rochester Conference Series on Public Policy, 2010, Volume 57, Issue 4, pages 576-595.

Legal Standards, Enforcement, and Corruption“, Marco Pagano (with G. Immordino), Journal of the European Economic Association, 2010, Volume 8, Issue 5, pages 1104-1132.

New Eurocoin: Tracking Economic Growth in Real Time“, Marco Lippi (with F. Altissimo, R. Cristadoro,  M. Forni and G. Veronese), The Review of Economics and Statistics, 2010, Volume 92, Issue 4, pages 1024-1034.

Opening the Black Box: Structural Factor Models with Large Cross Sections“, Marco Lippi (with M. Forni, D. Giannone, and L. Reichlin), Econometric Theory, 2009, Volume 25, Issue 5, pages 1319-1347.

Information Sharing and Credit: Firm-level Evidence from Transition Countries“, Marco Pagano (with M. Brown, and T. Jappelli), Journal of Financial Intermediation, 2009, Volume 18, Issue 2, pages 151-172.

Technological Change and the Households’ Demand for Currency“, Francesco Lippi (with A. Secchi), Journal of Monetary Economics, 2009, Volume 56, Issue 2, pages 222-230.

Skill Dispersion and Firm Productivity: An Analysis with Employer-Employee Matched Data“, Fabiano Schivardi (with S. Iranzo and E. Tosetti), Journal of Labor Economics, 2008, Volume 26, Issue 2, pages 247-285.

Risk Aversion, Wealth and Background Risk“, Luigi Guiso (with M. Paiella), Journal of the European Economic Association, 2008, Volume 6, Issue 6, pages 1109-1150.

Social Capital as Good Culture“, Luigi Guiso (with P. Sapienza and L. Zingales), Marshall Lecture at the 2007 EEA meeting in Budapest, Journal of the European Economic Association, 2008, Volume 6, Issue 2-3, pages 295-320.

Where Is the Market? Evidence from Cross-Listings in the United States“, Marco Pagano (with M. Halling,  O. Randl and J. Zechner), The Review of Financial Studies, 2008, Volume 21, Issue 2, pages 725-761.