I’m really happy to share this empirical work digging into European regional economies to investigate how, when and where jobs from renewables energy investments are created! Check @CappaElisabetta’s thread to know more! 👇🏼.

RT @GGabbuti: Alla Camera dei Deputati oggi i Rettori incontrano il Governo per gli "Stati generali" dell'Università. Grandi prospettive, p….

RT @mnapoletano1: Happy to share the thread about our new paper with @gianlucapallant and @AndreaRoventini published in the Journal of Fina….

RT @AndreaRoventini: A thread on our new paper just published on the JFS:.

Free access link here (until January 21, 2025).

We think that our model can help providing policy insights about the macro consequences of systemic risk mitigation policies within a blossoming field of academic research where several indirect channels contributing to the build-up of systemic risk are identified.

Finally, in a Basel III-like macro-prudential framework, a trade-off between financial and macroeconomic stability does not emerge unless capital requirements are overly stringent.

Our results show that, if banks are endowed with this micro-prudential tool, the economic system at large can benefit from it: .- systemic risk mitigation is consistently achieved.- without negatively impacting macroeconomic performances

2 reasons why this framework can be adopted by policy-makers. Banks can easily implement it, as they would be required to know only their own exposures. Also, it can be credibly enforced by regulators as they have the ability to map the whole network of financial transactions.

Third, in such a scenario we introduce NEVA: a micro-prudential framework for NEtwork-based equity VAluation that minimize losses due to contagion effects with minimal assumptions on banks' behavior.

Second, we calibrate the model to ensure that the wide set of stylized facts that K+S models are able to replicate extend also to macro-financial movements and interbank networks.

First, we explicit a mechanism for the endogenous creation of interbank linkages that leverages the central role of banks in the system of payments.

We are happy to welcome a new member of the K+S family of macro ABMs that is useful to address the macro consequences of systemic risk mitigation policies.

How to tackle the robust-yet-fragile nature of financial networks? . A new paper with @AndreaRoventini @mnapoletano1 and Mattia Guerini, just published in the JFS, address these questions. Want to know more? Paper here 👉 and a thread below 👇.

Very happy that this paper finally got published!! Amazing journey and a new item in the toolkit for macro model’s calibration! More in @mario_martinoli ‘s thread and in the paper of course! 👇🏼.

RT @nberpubs: Introduction of new administrative data on US government-funded inventions since 1890, significant expansion on prior measure….

RT @JuliaMazzei1: 📢New YSI event "On the Shoulders of the Giant(s): Charting the Future of Evolutionary Economics".📅Nov 8, 2023.📍Scuola Sup….

Defense R&D has played crucial role in the US innov policy landscape (eg DARPA-like Mission-oriented policies @MazzucatoM ). More generally, our work belongs to a stream of empirical works informing the debate on the effects of industrial policy instruments @OECDinnovation

4/ Here's what we found: .- a 1% ↗️ in Defense-related R&D crowds in an additional 0.11-0.15% private R&D investment. - Increased private R&D ($0.57-0.72 for every $1 spent) leads to ↗️ high-tech sector employment and ↗️ R&D occupations, primarily engineers.

3/ Our research design leverages systematic differences across US states in the exposure to national spending shocks