 | Judicial System Reform in Italy - A Key to Growth Author/Editor: Gianluca Esposito, Sergi Lanau, Sebastiaan Pompe. Release Date:February, 2014 The inefficiency of the Italian judicial system has contributed to reduced investments, slow growth and a difficult business environment. The enforcement of civil and commercial claims suffers from more...
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| Aggregate Stability and Balanced-Budget Rules Author/Editor: Matteo Ghilardi, Raffaele Rossi. Release Date:February, 2014 It has been shown that under perfect competition and a Cobb-Douglas production function, a basic real business cycle model may exhibit indeterminacy and sunspot fluctuations when income tax rates are more...
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