In: List Forum für Wirtschafts- und Finanzpolitik, 2021, vol. 46, no. 3, p. 359-377
Obwohl man im Zuge der COVID-19-Pandemie aufgrund des dramatischen Einbruchs aller Wirtschaftsprognosen weltweit bislang von rezessivdeflationären Auswirkungen ausgegangen ist, lassen sich Inflationsrisiken keineswegs ausschließen. Welche Folgeeffekte kann die Kombination aus milliardenhohen Liquiditätsspritzen bei starkem Produktionsrückgang sowie streng einzuhaltenden (und ebenso...
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In: Journal of economic behavior and organization, 2021, vol. 182, no. February, p. 12 p
Stress is associated with sleep problems and poor sleep is linked to mental health and depression symptoms. The stress associated with immigrant status and immigration policy can directly affect mental health. While previous studies have documented the significant relationship between immigration policy and the physical and mental health of immigrants, we know little about the effects of...
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In: Scandinavian Journal of Economics, 2020, vol. 122, no. 4, p. 1575-1605
This paper explores how globalization influences the decision of governments to rescue inefficient domestic firms when bailouts affect firms’ markups. We develop a model of international trade where immobile domestic enterprises (DOEs) compete with foreign enterprises (FOEs) in an oligopolistic market. The decision to bail out DOEs leads to lower corporate tax revenues if FOEs are immobile...
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In: Empirical Economics, 2015, vol. 49, no. 3, p. 909-928
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The adoption of labor-replacing technologies has already displaced thousands of workers in the US. In this paper, I analyze how the adverse effects of the implementation of robots in firms’ production processes are spreading among the population and how they are shaping the composition of labor markets. Exploiting exogenous variation in robot exposure across local labor markets and over time,...
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In: European Journal of Political Economy, 2021, vol. 67, p. 19 p
Natural disasters are good examples of catastrophic events that may affect vote decisions. In this study, we analyze how the occurrence of earthquakes changes voters' behavior at municipal elections and which channels drive this change, focusing in particular on the role of media exposure. We exploit data from 13,338 municipal electoral cycles where incumbents seek reelection between 1993 and...
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In: Review of Keynesian Economics, 2019, vol. 7, no. 2, p. 220-232
This paper argues that the negative interest rate adopted by the Swiss National Bank in 2015 has elicited a series of negative consequences across the Swiss economy. It has led an increasing number of agents to invest their savings in the real-estate market, whose prices have overheated, threatening the eruption of a housing crisis. It has also induced a number of financial institutions to turn...
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The implementation of a lockdown to control the Covid-19 pandemic has led to a strong debate in several countries. This makes it crucial to shed light on the actual benefits of such kind of policy. To this purpose, we focus on the Swiss lockdown during the first wave of Covid-19 infections and estimate the number of potentially saved lives. To predict the number of deaths in absence of any...
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This paper analyzes the impact of one of the leading automation technologies of the last decades, industrial robots, on the declining labor force participation in the US. Exploiting exogenous variation in the adoption of robots across local labor markets and over time, I find that, on average, one additional robot drives two workers out of the labor force. Despite the adverse impact of robots,...
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In: Journal of regional science, 2020, vol. 60, no. 3, p. 481-516
We analyze the response of municipalities to the occurrence of natural disasters in terms of spending behavior, use of upper tier transfers and recovery, using balance sheet data of about 8000 Italian municipalities for the period 2000-2015 and the universe of earthquakes events. We find evidence of increasing expenditure for about 12 years after the shocks, with asymmetric responses between...
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