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Who do you blame in local finance? An analysis of municipal financing in Italy
Citations
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Cited by:
- Massimo Bordignon & Gilberto Turati, 2014. "Electoral Rules and Municipal Finances: Evidence From Two Reforms in Italy," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 12(1), pages 24-28, 04.
- Massimiliano Ferraresi & Umberto Galmarini & Leonzio Rizzo & Alberto Zanardi, 2019.
"Switch toward tax centralization in Italy: a wake-up for the local political budget cycle,"
International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 26(4), pages 872-898, August.
- Massimiliano Ferraresi & Umberto Galmarini & Leonzio Rizzo & Alberto Zanardi, 2016. "Switch towards tax centralization in Italy: A wake up for the local political budget cycle," Working Papers 2016/21, Institut d'Economia de Barcelona (IEB).
- Massimiliano Ferraresi & Umberto Galmarini & Leonzio Rizzo & Alberto Zanardi, 2016. "Switch towards tax centralization in Italy: a wake up for the local political budget cycle," Working papers 48, Società Italiana di Economia Pubblica.
- Simone Moriconi, 2016.
"Taxation, Industry Integration and Production Efficiency,"
CESifo Working Paper Series
6001, CESifo.
- Simone Moriconi, 2016. "Taxation, industry integration and production efficiency," DISCE - Working Papers del Dipartimento di Economia e Finanza def043, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
- Alberto Batinti & Andrea Filippetti & Luca Andriani, 2017. "Why Does Social Capital Increase Government Performance? The Role of Local Elections across Italian Municipalities," Management Working Papers 13, Birkbeck Department of Management, revised Apr 2017.
- Federico Boffa & Vincenzo Mollisi & Giacomo A. M. Ponzetto, 2023.
"Do incompetent politicians breed populist voters? Evidence from Italian municipalities,"
Economics Working Papers
1861, Department of Economics and Business, Universitat Pompeu Fabra.
- Boffa, Federico & Mollisi, Vincenzo & Ponzetto, Giacomo, 2023. "Do Incompetent Politicians Breed Populist Voters? Evidence from Italian Municipalities," CEPR Discussion Papers 17997, C.E.P.R. Discussion Papers.
- Federico Boffa & Vincenzo Mollisi & Giacomo A.M. Ponzetto, 2023. "Do Incompetent Politicians Breed Populist Voters? Evidence from Italian Municipalities," Working Papers 1388, Barcelona School of Economics.
- Giommoni, Tommaso, 2024. "A fistful of dollars: Rent seeking behaviour and local tax manipulation," Journal of Economic Behavior & Organization, Elsevier, vol. 220(C), pages 453-469.
- Bordignon, Massimo & Gamalerio, Matteo & Turati, Gilberto, 2020. "Manager or professional politician? Local fiscal autonomy and the skills of elected officials," Regional Science and Urban Economics, Elsevier, vol. 83(C).
- Elenka Brenna & Lara Gitto, 2016. "Financing elderly care in Italy and Europe. Is there a common vision?," DISCE - Working Papers del Dipartimento di Economia e Finanza def047, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
- Chen, Yu-Fu & Funke, Michael, 2010.
"Global Warming And Extreme Events: Rethinking The Timing And Intensity Of Environmental Policy,"
SIRE Discussion Papers
2010-48, Scottish Institute for Research in Economics (SIRE).
- Michael Funke & Yu-Fu Chen & Aaron Mehrota, 2011. "Global warming and extreme events: Rethinking the timing and intensity of environment policy," Quantitative Macroeconomics Working Papers 21105, Hamburg University, Department of Economics.
- Michael Funke & Yu-Fu Chen, 2010. "Global warming and extreme events: Rethinking the timing and intensity of environment policy," Quantitative Macroeconomics Working Papers 21007b, Hamburg University, Department of Economics.
- Yu-Fu Chen & Michael Funke, 2010. "Global Warming and Extreme Events: Rethinking the Timing and Intensity of Environmental Policy," CESifo Working Paper Series 3139, CESifo.
- Yu-Fu Chen & Michael Funke, 2010. "Global Warming And Extreme Events: Rethinking The Timing And Intensity Of Environmental Policy," Dundee Discussion Papers in Economics 236, Economic Studies, University of Dundee.
- Ferraresi Massimiliano, 2021. "Political Budget Cycle, Tax Collection, and Yardstick Competition," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 21(3), pages 1149-1161, July.
- Emanuele Bracco & Francesco Porcelli & Michela Redoano, 2013.
"Political Competition, Tax Salience and Accountability: Theory and Some Evidence from Italy,"
CESifo Working Paper Series
4167, CESifo.
- Bracco, Emanuele & Porcelli, Francesco & Redoano, Michela, 2013. "Political Competition, Tax Salience and Accountability: Theory and Some Evidence from Italy," CAGE Online Working Paper Series 126, Competitive Advantage in the Global Economy (CAGE).
- Basiglio, Stefania & Foresta, Alessandra & Turati, Gilberto, 2024.
"Impatience and crime. Evidence from the NLSY97,"
Journal of Economic Psychology, Elsevier, vol. 101(C).
- Basiglio Stefania & Foresta Alessandra & Turati Gilberto, 2021. "Impatience and crime. Evidence from the NLSY97," Working papers 073, Department of Economics, Social Studies, Applied Mathematics and Statistics (Dipartimento di Scienze Economico-Sociali e Matematico-Statistiche), University of Torino.
- Stefania Basiglio & Alessandra Foresta & Gilberto Turati, 2021. "Impatience and crime. Evidence from the NLSY97," DISCE - Working Papers del Dipartimento di Economia e Finanza def111, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
- Massimo Bordignon & Matteo Gamalerio & Gilberto Turati, 2013.
"Decentralization, Vertical Fiscal Imbalance, and Political Selection,"
DISCE - Working Papers del Dipartimento di Economia e Finanza
def002, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
- Massimo Bordignon & Matteo Gamalerio & Gilberto Turati, 2014. "Decentralization, Vertical Fiscal Imbalance, and Political Selection," Working papers 025, Department of Economics, Social Studies, Applied Mathematics and Statistics (Dipartimento di Scienze Economico-Sociali e Matematico-Statistiche), University of Torino.
- Massimo Bordignon & Matteo Gamalerio & Gilberto Turati, 2013. "Decentralization, Vertical Fiscal Imbalance, and Political Selection," CESifo Working Paper Series 4459, CESifo.
- Susana Peralta & João Pereira dos Santos, 2020.
"Who seeks reelection: local fiscal restraints and political selection,"
Public Choice, Springer, vol. 184(1), pages 105-134, July.
- Susana Peralta & João Pereira dos Santos, 2018. "Who Seeks Re-Election: Local Fiscal Restraints and Political Selection," GEE Papers 0091, Gabinete de Estratégia e Estudos, Ministério da Economia, revised Jan 2018.
- Boitani, Andrea & Dragomirescu-Gaina, Catalin, 2023.
"News and narratives: A cointegration analysis of Russian economic policy uncertainty,"
Economics Letters, Elsevier, vol. 226(C).
- Andrea Boitani & Catalin Dragomirescu-Gaina, 2022. "News and narratives: A cointegration analysis of Russian economic policy uncertainty," Working Papers 496, University of Milano-Bicocca, Department of Economics, revised Apr 2022.
- Andrea Boitani & Catalin Dragomirescu Gaina, 2022. "News and narratives: A cointegration analysis of Russian economic policy uncertainty," DISCE - Working Papers del Dipartimento di Economia e Finanza def115, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
- Bracco, Emanuele & Revelli, Federico, 2018.
"Concurrent elections and political accountability: Evidence from Italian local elections,"
Journal of Economic Behavior & Organization, Elsevier, vol. 148(C), pages 135-149.
- Emanuele Bracco & Federico Revelli, 2017. "Concurrent Elections and Political Accountability: Evidence from Italian Local Elections," Working Papers 170337308, Lancaster University Management School, Economics Department.
- Emanuele Bracco & Federico Revelli, 2017. "Concurrent Elections and Political Accountability: Evidence from Italian Local Elections," Working papers 56, Società Italiana di Economia Pubblica.
- Bracco, Emanuele & Revelli, Federico, 2017. "Concurrent Elections and Political Accountability: Evidence from Italian Local Elections," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201719, University of Turin.
- Emanuele Bracco & Marco Alberto De Benedetto & Maurizio Lisciandra, 2024. "Manipulating municipal budgets: unveiling opportunistic behavior of Italian mayors," Public Choice, Springer, vol. 198(3), pages 317-342, March.
- Giuseppe Mastromatteo, 2011. "The Debate on the Crisis: Recent Reappraisals of the Concept of Functional Finance," DISCE - Quaderni dell'Istituto di Economia e Finanza ief0105, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
- Paul Smoke, 2013. "Why Theory and Practice are Different: The Gap Between Principles and Reality in Subnational Revenue Systems," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper1313, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
- Paul Smoke, 2014. "Why theory and practice are different: The gap between principles and reality in subnational revenue systems," Chapters, in: Richard M. Bird & Jorge Martinez-Vazquez (ed.), Taxation and Development: The Weakest Link?, chapter 9, pages 287-325, Edward Elgar Publishing.
- Rosario Crinò & Giovanni Immordino & Salvatore Piccolo, 2018.
"Fighting Mobile Crime,"
DISCE - Working Papers del Dipartimento di Economia e Finanza
def071, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
- Crinò, Rosario & Immordino, Giovanni & Piccolo, Salvatore, 2019. "Fighting Mobile Crime," CEPR Discussion Papers 13424, C.E.P.R. Discussion Papers.
- Rosario Crinò & Giovanni Immordino & Salvatore Piccolo, 2019. "Fighting Mobile Crime," CESifo Working Paper Series 7446, CESifo.
- Rosario Crino & Giovanni Immordino & Gülen Karakoç-Palminteri & Salvatore Piccolo, 2018. "Fighting Mobile Crime," CSEF Working Papers 504, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Alberto Batinti & Luca Andriani & Andrea Filippetti, 2019.
"Local Government Fiscal Policy, Social Capital and Electoral Payoff: Evidence across Italian Municipalities,"
Kyklos, Wiley Blackwell, vol. 72(4), pages 503-526, November.
- Batinti, Alberto & Andriani, Luca & Filippetti, Andrea, 2019. "Local government fiscal policy, social capital and electoral payoff: evidence across Italian municipalities," LSE Research Online Documents on Economics 100438, London School of Economics and Political Science, LSE Library.
- Bracco, Emanuele & Porcelli, Francesco & Redoano, Michela, 2019. "Political competition, tax salience and accountability. Theory and evidence from Italy," European Journal of Political Economy, Elsevier, vol. 58(C), pages 138-163.
- Marco Catola, 2019. "Partial decentralisation and inter-governmental electoral competition in local public good provision," Discussion Papers 2019/243, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
- Sandro Brusco & Luca Colombo & Umberto Galmarini, 2010.
"Local Governments Tax Autonomy, Lobbying, and Welfare,"
DISCE - Quaderni dell'Istituto di Economia e Finanza
ief0097, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
- Sandro Brusco & Luca Colombo & Umberto Galmarini, 2010. "Local Governments Tax Autonomy, Lobbying, and Welfare," Department of Economics Working Papers 10-01, Stony Brook University, Department of Economics.
- Filip Matějka & Guido Tabellini, 2021.
"Electoral Competition with Rationally Inattentive Voters,"
Journal of the European Economic Association, European Economic Association, vol. 19(3), pages 1899-1935.
- Tabellini, Guido & Matějka, Filip, 2015. "Electoral Competition with Rationally Inattentive Voters," CEPR Discussion Papers 10888, C.E.P.R. Discussion Papers.
- Filip Matejka & Guido Tabellini, 2015. "Electoral Competition with Rationally Inattentive Voters," CERGE-EI Working Papers wp552, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
- Filip Matejka & Guido Tabellini, 2016. "Electoral Competition with Rationally Inattentive Voters," CESifo Working Paper Series 5849, CESifo.
- Filip Matejka & Guido Tabellini, 2015. "Electoral Competition with Rationally Inattentive Voters," Working Papers 559, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Tiziana Assenza & Domenico Delli Gatti & Jakob Grazzini & Giorgio Ricchiuti, 2016.
"Heterogeneous Firms and International Trade: The role of productivity and financial fragility,"
DISCE - Working Papers del Dipartimento di Economia e Finanza
def042, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
- Tiziana Assenza & Domenico Delli Gatti & Jakob Grazzini & Giorgio Ricchiuti, 2016. "Heterogeneous Firms and International Trade: The Role of Productivity and Financial Fragility," CESifo Working Paper Series 5959, CESifo.
- Agnese Sacchi & Simone Salotti, 2016.
"A Comprehensive Analysis of Expenditure Decentralization and of the Composition of Local Public Spending,"
Regional Studies, Taylor & Francis Journals, vol. 50(1), pages 93-109, January.
- Agnese Sacchi & Simone Salotti, 2012. "A comprehensive anlysis of expenditure decentralization and of the composition of local public spending," Departmental Working Papers of Economics - University 'Roma Tre' 0155, Department of Economics - University Roma Tre.
- Fanfani, Bernardo, 2022.
"Tastes for discrimination in monopsonistic labour markets,"
Labour Economics, Elsevier, vol. 75(C).
- Bernardo Fanfani, 2018. "Tastes for Discrimination in Monopsonistic Labour Markets," Working papers 054, Department of Economics, Social Studies, Applied Mathematics and Statistics (Dipartimento di Scienze Economico-Sociali e Matematico-Statistiche), University of Torino.
- Bernardo Fanfani, 2020. "Tastes for Discrimination in Monopsonistic Labour Markets," DISCE - Working Papers del Dipartimento di Economia e Finanza def094, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
- Maria Ambrosanio & Paolo Balduzzi & Massimo Bordignon, 2014.
"Economic crisis and fiscal federalism in Italy,"
DISCE - Working Papers del Dipartimento di Economia e Finanza
def016, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
- Maria Flavia Ambrosanio & Paolo Balduzzi & Massimo Bordignon, 2014. "Economic crisis and fiscal federalism in Italy," Working papers 8, Società Italiana di Economia Pubblica.
- Burret, Heiko T. & Feld, Lars P. & Schaltegger, Christoph A., 2022.
"Fiscal federalism and economic performance new evidence from Switzerland,"
European Journal of Political Economy, Elsevier, vol. 74(C).
- Heiko T. Burret & Lars P. Feld & Christoph A. Schaltegger, 2018. "Fiscal Federalism and Economic Performance - New Evidence from Switzerland," CESifo Working Paper Series 7250, CESifo.
- Burret, Heiko Tobias & Feld, Lars P. & Schaltegger, Christoph A., 2021. "Fiscal federalism and economic performance: New evidence from Switzerland," Freiburg Discussion Papers on Constitutional Economics 21/1, Walter Eucken Institut e.V..
- Boffa Federico & Mollisi Vincenzo & Ponzetto A. M. Giacomo, 2024. "Do Incompetent Politicians Breed Populist Voters? Evidence from Italian Municipalities," Working papers 087, Department of Economics, Social Studies, Applied Mathematics and Statistics (Dipartimento di Scienze Economico-Sociali e Matematico-Statistiche), University of Torino.
- Edoardo Di Porto & Tommaso Oliviero & Annalisa Tirozzi, 2021. "The economic effects of immovable property taxation: A review of the Italian experience," ECONOMIA PUBBLICA, FrancoAngeli Editore, vol. 2021(1), pages 25-43.
- Russell Davidson & Andrea Monticini, 2018. "Improvements in Bootstrap Inference," DISCE - Working Papers del Dipartimento di Economia e Finanza def070, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
- Burret, Heiko T. & Feld, Lars P., 2018. "(Un-)intended effects of fiscal rules," European Journal of Political Economy, Elsevier, vol. 52(C), pages 166-191.
- Elenka Brenna & Lara Gitto, 2018. "Adult education, the use of Information and Communication Technologies and the impact on quality of life: a case study," DISCE - Working Papers del Dipartimento di Economia e Finanza def073, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
- Sutirtha Bagchi, 2013. "The Effects of Political Competition on the Funding and Generosity of Public-Sector Pension Plans," 2013 Papers pba941, Job Market Papers.
- repec:ctc:serie1:def2 is not listed on IDEAS
- Accardo, Pasquale & De Feo, Giuseppe & De Luca, Giacomo, 2023.
"With a little help from my friends. Political competition in the shadow of organized crime,"
Journal of Public Economics, Elsevier, vol. 227(C).
- Pasquale Accardo & Giuseppe De Feo & Giacomo De Luca, 2023. "With a little help from my friends. Political competition in the shadow of organized crime," Working Papers 202307, University of Liverpool, Department of Economics.
- Chiara Punzo & Giulia Rivolta, 2022. "Money versus debt financed regime: Evidence from an estimated DSGE model," DISCE - Working Papers del Dipartimento di Economia e Finanza def120, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
- Valentina Colombo & Alessia Paccagnini, 2024. "Uncertainty and the Federal Reserve’s Balance Sheet Monetary Policy," DISCE - Working Papers del Dipartimento di Economia e Finanza def131, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
- Pieroni, Luca & Roig, Melcior Rosselló & Salmasi, Luca, 2023.
"Italy: Immigration and the evolution of populism,"
European Journal of Political Economy, Elsevier, vol. 76(C).
- Luca Pieroni & Melcior Rossello Roig & Luca Salmasi, 2021. "Italy: immigration and the evolution of populism," DISCE - Working Papers del Dipartimento di Economia e Finanza def098, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
- Sebastiano Della Lena & Fabrizio Panebianco, 2019. "Cultural Transmission with Incomplete Information: Parental Perceived Efficacy and Group Misrepresentation," DISCE - Working Papers del Dipartimento di Economia e Finanza def079, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
- Grazia Cecere & Nicoletta Corrocher & Maria Luisa Mancusi, 2016. "Financial constraints and public funding for eco-innovation: Empirical evidence on European SMEs," DISCE - Working Papers del Dipartimento di Economia e Finanza def046, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
- Daniele Checchi & Alessandra Fenizia & Claudio Lucifora, 2021.
"PUBLIC SECTOR JOBS: Working in the public sector in Europe and the US,"
DISCE - Working Papers del Dipartimento di Economia e Finanza
def107, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
- Checchi, Daniele & Fenizia, Alessandra & Lucifora, Claudio, 2021. "Public Sector Jobs: Working in the Public Sector in Europe and the US," IZA Discussion Papers 14514, Institute of Labor Economics (IZA).
- Michele Tettamanzi, 2017. "E Many Pluribus Unum: A Behavioural Macro-Economic Agent Based Model," DISCE - Working Papers del Dipartimento di Economia e Finanza def062, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
- Giuseppe Mastromatteo, 2011. "H.P. Minsky And Policies To Countervail Crises," DISCE - Quaderni dell'Istituto di Economia e Finanza ief0102, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
- Bertoli, Paola & Grembi, Veronica, 2017.
"The political economy of diagnosis-related groups,"
Social Science & Medicine, Elsevier, vol. 190(C), pages 38-47.
- Bertoli, P. & Grembi, V., 2016. "The Political Economy of Diagnosis-Related Groups," Health, Econometrics and Data Group (HEDG) Working Papers 16/33, HEDG, c/o Department of Economics, University of York.
- Paola Bertoli & Veronica Grembi, 2017. "The Political Economy of Diagnosis-Related Groups," CERGE-EI Working Papers wp592, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
- repec:ces:ifodic:v:12:y:2014:i:1:p:19108850 is not listed on IDEAS
- Cottini Elena & Ghinetti Paolo, 2017.
"Is it the Way You Live or the Job You Have? Health Effects of Lifestyles and Working Conditions,"
The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 17(3), pages 1-20, July.
- Elena Cottini & Paolo Ghinetti, 2017. "Is it the way you live or the job you have? Health effects of lifestyles and working conditions," DISCE - Working Papers del Dipartimento di Economia e Finanza def056, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
- John Ashworth & Emma Galli & Fabio Padovano, 2013.
"Decentralization as a constraint to Leviathan: a panel cointegration analysis,"
Public Choice, Springer, vol. 156(3), pages 491-516, September.
- John Ashworth & Emma Galli & Fabio Padovano, 2012. "Decentralization as a constraint to Leviathan: a panel cointegration analysis," Post-Print halshs-00718320, HAL.
- Tommaso Giommoni, 2019. "Does progressivity always lead to progress? The impact of local redistribution on tax manipulation," CESifo Working Paper Series 7588, CESifo.
- Russell Davidson & Andrea Monticini, 2023. "Bootstrap Performance with Heteroskedasticity," DISCE - Working Papers del Dipartimento di Economia e Finanza def130, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
- Luca Fiorito & Cosma Orsi, 2016. "Survival Value And A Robust, Practical, Joyless Individualism: Thomas Nixon Carver, Social Justice, And Eugenics," DISCE - Working Papers del Dipartimento di Economia e Finanza def044, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
- Sacchi, Agnese & Salotti, Simone, 2014. "The asymmetric nature of fiscal decentralization: theory and practice," MPRA Paper 54506, University Library of Munich, Germany.
- Irene Torrini & Claudio Lucifora & Antonio Russo, 2022. "The Long-Term Effects of Hospitalization on Health Care Expenditures: An Empirical Analysis for the Young-Old Population," DISCE - Working Papers del Dipartimento di Economia e Finanza def117, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
- Massimo Bordignon & Gilberto Turati, 2014. "Electoral Rules and Municipal Finances: Evidence From Two Reforms in Italy," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 12(01), pages 24-28, April.