Details about Tullio Jappelli

E-mail:
Homepage:	https://csef.it/people/tullio-jappelli/
Phone:	+39081675029
Postal address:	Department of Economics and Statistics, University of Naples Federico II, Via Cintia 45, 80126 Napoli, Italy
Workplace:	Centro Studi di Economia e Finanza (CSEF) (Centre for Studies in Economics and Finance), (more information at EDIRC)

Access statistics for papers by Tullio Jappelli.

Last updated 2024-12-06. Update your information in the RePEc Author Service.

Short-id: pja11

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Working Papers

2024

Anatomy of Consumption Risk
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy
Are People Willing to Pay to Prevent Natural Disasters?
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2024)
Intertemporal MPC and Shock Size
Working Paper Series, Sveriges Riksbank (Central Bank of Sweden)
Labor Supply Response to Windfall Gains
CEPR Discussion Papers, C.E.P.R. Discussion Papers
Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2023)
The Italian Survey of Consumer Expectations: Statistical Bulletin
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy
Wealth Shocks and Portfolio Choice
CEPR Discussion Papers, C.E.P.R. Discussion Papers
Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2022) View citations (1)

2022

Consumption and Income Expectations during Covid-19
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy
See also Journal Article Consumption and income expectations during Covid-19, Review of Economics of the Household, Springer (2024) (2024)

2021

Fear of COVID-19 Contagion and Consumption: Evidence from a Survey of Italian Households
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (5)
See also Journal Article Fear of COVID‐19 contagion and consumption: Evidence from a survey of Italian households, Health Economics, John Wiley & Sons, Ltd. (2022) View citations (9) (2022)

2020

Financial Risk Taking and Differential Bargaining Power Within the Household
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy
Also in Working Papers, Business School - Economics, University of Glasgow (2020)
Heterogeneous Wealth Effects
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
Also in Working Papers, Business School - Economics, University of Glasgow (2020) View citations (1)
See also Journal Article Heterogeneous wealth effects, European Economic Review, Elsevier (2021) View citations (5) (2021)
Pandemics and Local Economic Growth: Evidence from the Great Influenza in Italy
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (25)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (19)
Permanent Income Shocks, Target Wealth, and the Wealth Gap
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (1)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (1)
CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (1)
The Covid-19 Crisis and Consumption: Survey Evidence from Six EU Countries
Working Papers, Business School - Economics, University of Glasgow View citations (36)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (37)
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2020) View citations (36)
Working Paper Series, European Central Bank (2020) View citations (39)
Trust in the central bank and inflation expectation
Working Paper Series, European Central Bank View citations (68)
Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2016) View citations (25)
CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (1)
See also Journal Article Trust in the Central Bank and Inflation Expectations, International Journal of Central Banking, International Journal of Central Banking (2020) View citations (63) (2020)

2019

Pension Uncertainty and Demand for Retirement Saving
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy
Reported MPC and Unobserved Heterogeneity
CEPR Discussion Papers, C.E.P.R. Discussion Papers
Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2018) View citations (1)
See also Journal Article Reported MPC and Unobserved Heterogeneity, American Economic Journal: Economic Policy, American Economic Association (2020) View citations (29) (2020)
Wealth Shocks and MPC Heterogeneity
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (7)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (7)

2018

Investment in Financial Information and Portfolio Performance
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (1)
Also in EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) (2018)
See also Journal Article Investment in Financial Information and Portfolio Performance, Economica, London School of Economics and Political Science (2020) View citations (1) (2020)

2017

Asymmetric Consumption Effects of Transitory Income Shocks
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (12)
Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2017) View citations (12)
See also Journal Article Asymmetric Consumption Effects of Transitory Income Shocks, The Economic Journal, Royal Economic Society (2019) View citations (68) (2019)

2016

Monetary Policy, Mortgages and Consumption: Evidence from Italy
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (11)

2015

Consumption Uncertainty and Precautionary Saving
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (6)
See also Journal Article Consumption Uncertainty and Precautionary Saving, The Review of Economics and Statistics, MIT Press (2020) View citations (24) (2020)
Households' Saving and Debt in Italy
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (2)
Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2007) View citations (4)
CFS Working Paper Series, Center for Financial Studies (CFS) (2007) View citations (3)
See also Journal Article Households' Saving and Debt in Italy, Politica economica, Società editrice il Mulino (2014) View citations (7) (2014)
Research Quality and Gender Gap in Research Assessment
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (1)
The Consumption and Wealth Effects of an Unanticipated Change in Lifetime Resources
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (10)
Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2015) View citations (6)
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2014) View citations (1)
See also Journal Article The Consumption and Wealth Effects of an Unanticipated Change in Lifetime Resources, Management Science, INFORMS (2016) View citations (5) (2016)
Transparency, Tax Pressure and Access to Finance
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (9)
Also in FMG Discussion Papers, Financial Markets Group (2012) View citations (7)
LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2012)
CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (8)
See also Journal Article Transparency, Tax Pressure, and Access to Finance, Review of Finance, European Finance Association (2016) View citations (16) (2016)
Wealth shocks, unemployment shocks and consumption in the wake of the Great Recession
Working Paper Series, European Central Bank View citations (82)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (3)
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2014) View citations (9)
CFS Working Paper Series, Center for Financial Studies (CFS) (2014) View citations (17)
CFS Working Paper Series, Center for Financial Studies (CFS) (2011) View citations (18)
See also Journal Article Wealth shocks, unemployment shocks and consumption in the wake of the Great Recession, Journal of Monetary Economics, Elsevier (2015) View citations (74) (2015)

2013

Bibliometric Evaluation vs. Informed Peer Review: Evidence from Italy
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
Also in Center for Economic Research (RECent), University of Modena and Reggio E., Dept. of Economics "Marco Biagi" (2013) View citations (5)
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2013) View citations (14)
IZA Discussion Papers, Institute of Labor Economics (IZA) (2013) View citations (5)
Department of Economics (DEMB), University of Modena and Reggio Emilia, Department of Economics "Marco Biagi" (2013) View citations (5)
See also Journal Article Bibliometric evaluation vs. informed peer review: Evidence from Italy, Research Policy, Elsevier (2015) View citations (43) (2015)
Consumption Growth, the Interest Rate, and Financial Literacy
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2013) View citations (3)
Fiscal Policy and MPC Heterogeneity
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2013) View citations (3)
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2012) View citations (2)
See also Journal Article Fiscal Policy and MPC Heterogeneity, American Economic Journal: Macroeconomics, American Economic Association (2014) View citations (183) (2014)
Investment in Financial Literacy, Social Security and Portfolio Choice
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (14)
Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2013) View citations (13)
See also Journal Article Investment in financial literacy, social security, and portfolio choice*, Journal of Pension Economics and Finance, Cambridge University Press (2015) View citations (38) (2015)
Manipulating Reliance on Intuition Reduces Risk and Ambiguity Aversion
EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) View citations (15)
Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2013) View citations (17)
CFS Working Paper Series, Center for Financial Studies (CFS) (2013) View citations (16)
CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (16)
The Role of Intuition and Reasoning in Driving Aversion to Risk and Ambiguity
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (17)
Also in EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) (2011) View citations (8)
Economics Working Papers, European University Institute (2011) View citations (8)
CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (10)
See also Journal Article The role of intuition and reasoning in driving aversion to risk and ambiguity, Theory and Decision, Springer (2014) View citations (29) (2014)

2011

Do Transfer Taxes Reduce Intergenerational Transfers?
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy
See also Journal Article DO TRANSFER TAXES REDUCE INTERGENERATIONAL TRANSFERS?, Journal of the European Economic Association, European Economic Association (2014) View citations (23) (2014)
Financial Advisors: A Case of Babysitters?
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (7)
Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2009) View citations (6)
CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (11)
See also Journal Article Financial advisors: A case of babysitters?, Journal of Banking & Finance, Elsevier (2012) View citations (171) (2012)
Financial Development and the Underground Economy
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (5)
See also Journal Article Financial development and the underground economy, Journal of Development Economics, Elsevier (2013) View citations (96) (2013)
GINI DP 21: Transfer Taxes and Inequality
GINI Discussion Papers, AIAS, Amsterdam Institute for Advanced Labour Studies
Investment in Financial Literacy and Saving Decisions
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (32)
Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2011) View citations (32)
CFS Working Paper Series, Center for Financial Studies (CFS) (2011) View citations (35)
See also Journal Article Investment in financial literacy and saving decisions, Journal of Banking & Finance, Elsevier (2013) View citations (209) (2013)

2002

Courts and Banks: Effects of Judicial Enforcement on Credit Markets
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (27)
Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2002) View citations (59)
See also Journal Article Courts and Banks: Effects of Judicial Enforcement on Credit Markets, Journal of Money, Credit and Banking, Blackwell Publishing (2005) View citations (241) (2005)
Financial Market Integration, Corporate Financing and Economic Growth
European Economy - Economic Papers 2008 - 2015, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission View citations (40)
Stockholding in Italy
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (17)
See also Chapter Stockholding in Italy, Palgrave Macmillan Books, Palgrave Macmillan (2003) View citations (1) (2003)
Tax Incentives for Household Saving and Borrowing
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (1)
The Quality of Health Care: Evidence from Italy
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (1)
See also Journal Article The Quality of Health Care: Evidence from Italy, Giornale degli Economisti, GDE (Giornale degli Economisti e Annali di Economia), Bocconi University (2003) View citations (2) (2003)
The Survey on Health, Aging and Wealth
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (70)

2001

Financial Market Imperfections and Home Ownership: A Comparative Study
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (13)
Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2000) View citations (17)
See also Journal Article Financial market imperfections and home ownership: A comparative study, European Economic Review, Elsevier (2003) View citations (160) (2003)
Tax Incentives and the Demand for Life Insurance: Evidence from Italy
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2001) View citations (6)
See also Journal Article Tax incentives and the demand for life insurance: evidence from Italy, Journal of Public Economics, Elsevier (2003) View citations (30) (2003)

2000

Financial Markets, Judicial Costs and Housing Tenure: An International Comparison
IRISS Working Paper Series, IRISS at CEPS/INSTEAD View citations (4)
Also in LIS Working papers, LIS Cross-National Data Center in Luxembourg (2000) View citations (4)
Household Portfolios in Italy
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (59)
Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2000) View citations (149)
Household Portfolios: An International Comparison
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (21)
Information Sharing in Credit Markets: A Survey
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (48)
Information Sharing in Credit Markets: The European Experience
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (41)
Searching for Non-Linear Effects of Fiscal Policy: Evidence from Industrial and Developing Countries
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (301)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations (284)
See also Journal Article Searching for non-linear effects of fiscal policy: Evidence from industrial and developing countries, European Economic Review, Elsevier (2000) View citations (281) (2000)
The Dynamics of Household Wealth Accumulation in Italy
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (33)
See also Journal Article The dynamics of household wealth accumulation in Italy, Fiscal Studies, Institute for Fiscal Studies (2000) View citations (33) (2000)

1999

Consumption Insurance or Consumption Mobility
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (1999) View citations (1)
Information Sharing in Credit Markets: International Evidence
Research Department Publications, Inter-American Development Bank, Research Department View citations (24)
Information Sharing, Lending and Defaults: Cross-Country Evidence
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (21)
Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (1999) View citations (42)
See also Journal Article Information sharing, lending and defaults: Cross-country evidence, Journal of Banking & Finance, Elsevier (2002) View citations (354) (2002)
Private Transfers, Borrowing Constraints and the Timing of Homeownership
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (2)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1998) View citations (24)
See also Journal Article Private Transfers, Borrowing Constraints and the Timing of Homeownership, Journal of Money, Credit and Banking, Blackwell Publishing (2002) View citations (78) (2002)
Searching for Non-Keynesian Effects of Fiscal Policy
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (25)
Also in Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University View citations (18)
The Age-Wealth Profile and The Life-Cycle Hypothesis: a Cohort Analysis with a Time Series of Cross-Sections of Italian Households
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (67)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1995) View citations (10)
See also Journal Article THE AGE‐WEALTH PROFILE AND THE LIFE‐CYCLE HYPOTHESIS: A COHORT ANALYSIS WITH A TIME SERIES OF CROSS‐SECTIONS OF ITALIAN HOUSEHOLDS, Review of Income and Wealth, International Association for Research in Income and Wealth (1999) View citations (30) (1999)

1998

Background Uuncertainty and the Demand for Insurance against Insurable Risks
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (14)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1996) View citations (7)
Working Papers, Banca Italia - Servizio di Studi (1996) View citations (2)
See also Journal Article Background Uncertainty and the Demand for Insurance Against Insurable Risks, The Geneva Risk and Insurance Review, Palgrave Macmillan (1998) View citations (34) (1998)
Intertemporal Choice and the Cross Sectional Variance of Marginal Utility
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (5)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (1998)
See also Journal Article Intertemporal Choice And The Cross-Sectional Variance Of Marginal Utility, The Review of Economics and Statistics, MIT Press (2001) View citations (5) (2001)
The Age-Saving Profile and the Life-Cycle Hypothesis
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (67)
See also Chapter The Age–Saving Profile and the Life-Cycle Hypothesis, Chapters, Edward Elgar Publishing (2006) (2006)
The Demand for Money, Financial Innovation and the Welfare Cost of Inflation: An Analysis with Households' Data
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (15)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations (15)
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (1998) View citations (21)
See also Journal Article The Demand for Money, Financial Innovation, and the Welfare Cost of Inflation: An Analysis with Household Data, Journal of Political Economy, University of Chicago Press (2002) View citations (170) (2002)
The Determinants of Savings: Lessons from Italy
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (8)
Also in Research Department Publications, Inter-American Development Bank, Research Department (1997) View citations (2)
The Welfare Effects of Liquidity Constraints
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (3)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1995)
See also Journal Article The Welfare Effects of Liquidity Constraints, Oxford Economic Papers, Oxford University Press (1999) View citations (24) (1999)
Using Subjective Income Expectations to Test for Excess Sensitivity of Consumption to Predicted Income Growth
CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (3)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1997) View citations (3)
See also Journal Article Using subjective income expectations to test for excess sensitivity of consumption to predicted income growth, European Economic Review, Elsevier (2000) View citations (65) (2000)
What Determines Earnings and Employment Risk
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (1998) View citations (3)

1997

The life cycle hypothesis and consumption inequality
IFS Working Papers, Institute for Fiscal Studies View citations (4)

1996

Intergenerational Transfers, Borrowing Constraints and the Timing of Home Ownership
Working Papers, Banca Italia - Servizio di Studi View citations (6)

1995

Testing for Liquidity Constraints in Euler Equations with Complementary Data Sources
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (37)
Also in Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1995) View citations (21)
See also Journal Article Testing For Liquidity Constraints In Euler Equations With Complementary Data Sources, The Review of Economics and Statistics, MIT Press (1998) View citations (159) (1998)

1994

Income Risk, Borrowing Constraints and Portfolio Choice
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (40)
See also Journal Article Income Risk, Borrowing Constraints, and Portfolio Choice, American Economic Review, American Economic Association (1996) View citations (361) (1996)
Public Investment and Welfare: Theory and Empirical Implications
CEPR Discussion Papers, C.E.P.R. Discussion Papers

1993

The Effect Of Borrowing Constraints On Consumer Liabilities
Boston College Working Papers in Economics, Boston College Department of Economics View citations (129)
See also Journal Article The Effect of Borrowing Constraints on Consumer Liabilities, Journal of Money, Credit and Banking, Blackwell Publishing (1993) View citations (134) (1993)

1992

Earning Uncertainty and Precautionary Saving
Working Papers, Banca Italia - Servizio di Studi View citations (181)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1992) View citations (278)
See also Journal Article Earnings uncertainty and precautionary saving, Journal of Monetary Economics, Elsevier (1992) View citations (266) (1992)
Risk Sharing and Precautionary Saving
Working Papers, Banca Italia - Servizio di Studi
Saving, Growth and Liquidity Constraints
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (12)
See also Journal Article Saving, Growth, and Liquidity Constraints, The Quarterly Journal of Economics, President and Fellows of Harvard College (1994) View citations (435) (1994)
Why is Italy Saving Rate so High?
Working Papers, Banca Italia - Servizio di Studi View citations (10)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1991) View citations (14)

1991

Information Sharing in Credit Markets
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (10)
See also Journal Article Information Sharing in Credit Markets, Journal of Finance, American Finance Association (1993) View citations (452) (1993)

1988

Consumption and Capital Market Imperfection: An International Comparison
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
See also Journal Article Consumption and Capital Market Imperfections: An International Comparison, American Economic Review, American Economic Association (1989) View citations (216) (1989)
Liquidity-Constrained Households in an Italian Cross-Section
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)

Undated

Testing for Liquidity Constraints in Euler Equations with Complementary Data Sources (Reprint 069)
Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (1)

Journal Articles

2024

Consumer risk-taking and stock market investment: Insights using the CES’s consumer finance module
Research Bulletin, 2024, 119
Consumption and income expectations during Covid-19
Review of Economics of the Household, 2024, 22, (1), 95-116
See also Working Paper Consumption and Income Expectations during Covid-19, CSEF Working Papers (2022) (2022)
Inequality trends in a slow‐growing economy: Italy, 1990–2020
Fiscal Studies, 2024, 45, (3), 377-392

2022

Fear of COVID‐19 contagion and consumption: Evidence from a survey of Italian households
Health Economics, 2022, 31, (3), 496-507 View citations (9)
See also Working Paper Fear of COVID-19 Contagion and Consumption: Evidence from a Survey of Italian Households, CSEF Working Papers (2021) View citations (5) (2021)
Pandemics and regional economic growth: evidence from the Great Influenza in Italy
European Review of Economic History, 2022, 26, (1), 78-106 View citations (3)

2021

Heterogeneous wealth effects
European Economic Review, 2021, 137, (C) View citations (5)
See also Working Paper Heterogeneous Wealth Effects, CEPR Discussion Papers (2020) View citations (1) (2020)
How has the COVID-19 crisis affected different households’ consumption in the euro area?
Research Bulletin, 2021, 84 View citations (2)
Social Security Uncertainty and Demand for Retirement Saving
Review of Income and Wealth, 2021, 67, (4), 810-834 View citations (2)

2020

Consumption Uncertainty and Precautionary Saving
The Review of Economics and Statistics, 2020, 102, (1), 148-161 View citations (24)
See also Working Paper Consumption Uncertainty and Precautionary Saving, CSEF Working Papers (2015) View citations (6) (2015)
Investment in Financial Information and Portfolio Performance
Economica, 2020, 87, (348), 1133-1170 View citations (1)
See also Working Paper Investment in Financial Information and Portfolio Performance, CSEF Working Papers (2018) View citations (1) (2018)
Reported MPC and Unobserved Heterogeneity
American Economic Journal: Economic Policy, 2020, 12, (4), 275-97 View citations (29)
See also Working Paper Reported MPC and Unobserved Heterogeneity, CEPR Discussion Papers (2019) (2019)
Trust in the Central Bank and Inflation Expectations
International Journal of Central Banking, 2020, 16, (6), 1-37 View citations (63)
See also Working Paper Trust in the central bank and inflation expectation, Working Paper Series (2020) View citations (68) (2020)

2019

Asymmetric Consumption Effects of Transitory Income Shocks
The Economic Journal, 2019, 129, (622), 2322-2341 View citations (68)
See also Working Paper Asymmetric Consumption Effects of Transitory Income Shocks, CEPR Discussion Papers (2017) View citations (12) (2017)

2018

Interest rate changes, mortgages, and consumption: evidence from Italy
Economic Policy, 2018, 33, (94), 183-224 View citations (12)

2017

Consumption growth, the interest rate, and financial sophistication*
Journal of Pension Economics and Finance, 2017, 16, (3), 348-370 View citations (10)
Gender effects in research evaluation
Research Policy, 2017, 46, (5), 911-924 View citations (14)

2016

Comment to: Do they agree? Bibliometric evaluation versus informed peer review in the Italian research assessment exercise
Scientometrics, 2016, 108, (1), 349-353 View citations (5)
The Consumption and Wealth Effects of an Unanticipated Change in Lifetime Resources
Management Science, 2016, 62, (5), 1458-1471 View citations (5)
See also Working Paper The Consumption and Wealth Effects of an Unanticipated Change in Lifetime Resources, CEPR Discussion Papers (2015) View citations (10) (2015)
Transparency, Tax Pressure, and Access to Finance
Review of Finance, 2016, 20, (1), 37-76 View citations (16)
See also Working Paper Transparency, Tax Pressure and Access to Finance, CSEF Working Papers (2015) View citations (9) (2015)

2015

Bibliometric evaluation vs. informed peer review: Evidence from Italy
Research Policy, 2015, 44, (2), 451-466 View citations (43)
See also Working Paper Bibliometric Evaluation vs. Informed Peer Review: Evidence from Italy, CEPR Discussion Papers (2013) View citations (5) (2013)
Investment in financial literacy, social security, and portfolio choice*
Journal of Pension Economics and Finance, 2015, 14, (4), 369-411 View citations (38)
See also Working Paper Investment in Financial Literacy, Social Security and Portfolio Choice, CSEF Working Papers (2013) View citations (14) (2013)
Wealth shocks, unemployment shocks and consumption in the wake of the Great Recession
Journal of Monetary Economics, 2015, 72, (C), 21-41 View citations (74)
See also Working Paper Wealth shocks, unemployment shocks and consumption in the wake of the Great Recession, Working Paper Series (2015) View citations (82) (2015)

2014

DO TRANSFER TAXES REDUCE INTERGENERATIONAL TRANSFERS?
Journal of the European Economic Association, 2014, 12, (1), 248-275 View citations (23)
See also Working Paper Do Transfer Taxes Reduce Intergenerational Transfers?, CSEF Working Papers (2011) (2011)
Fiscal Policy and MPC Heterogeneity
American Economic Journal: Macroeconomics, 2014, 6, (4), 107-36 View citations (183)
See also Working Paper Fiscal Policy and MPC Heterogeneity, CEPR Discussion Papers (2013) View citations (2) (2013)
Households' Saving and Debt in Italy
Politica economica, 2014, (2-3), 175-202 View citations (7)
See also Working Paper Households' Saving and Debt in Italy, CSEF Working Papers (2015) View citations (2) (2015)
The role of intuition and reasoning in driving aversion to risk and ambiguity
Theory and Decision, 2014, 77, (4), 455-484 View citations (29)
See also Working Paper The Role of Intuition and Reasoning in Driving Aversion to Risk and Ambiguity, CSEF Working Papers (2013) View citations (17) (2013)

2013

Financial development and the underground economy
Journal of Development Economics, 2013, 101, (C), 167-178 View citations (96)
See also Working Paper Financial Development and the Underground Economy, CSEF Working Papers (2011) View citations (5) (2011)
Households' indebtedness and financial fragility
Journal of Financial Management, Markets and Institutions, 2013, (1), 23-46 View citations (59)
See also Working Paper Households’ Indebtedness and Financial Fragility, CSEF Working Papers (2010) View citations (46) (2010)
Investment in financial literacy and saving decisions
Journal of Banking & Finance, 2013, 37, (8), 2779-2792 View citations (209)
See also Working Paper Investment in Financial Literacy and Saving Decisions, CEPR Discussion Papers (2011) View citations (32) (2011)
Pension Wealth Uncertainty
Journal of Risk & Insurance, 2013, 80, (4), 1057-1085 View citations (20)

2012

Financial advisors: A case of babysitters?
Journal of Banking & Finance, 2012, 36, (2), 509-524 View citations (171)
See also Working Paper Financial Advisors: A Case of Babysitters?, CSEF Working Papers (2011) View citations (7) (2011)

2011

Financial Integration and Consumption Smoothing
Economic Journal, 2011, 121, (553), 678-706 View citations (33)
See also Working Paper Financial Integration and Consumption Smoothing, CSEF Working Papers (2008) View citations (5) (2008)
Special issue on household finance
Review of Finance, 2011, 15, (4), v-vii View citations (3)
The portfolio effect of pension reforms: evidence from Italy
Journal of Pension Economics and Finance, 2011, 10, (1), 75-97 View citations (16)

2010

Cognitive abilities and portfolio choice
European Economic Review, 2010, 54, (1), 18-38 View citations (405)
See also Working Paper Cognitive Abilities and Portfolio Choice, Working Papers (2008) View citations (16) (2008)
Do the elderly reduce housing equity? An international comparison
Journal of Population Economics, 2010, 23, (2), 643-663 View citations (59)
See also Working Paper Do the elderly reduce housing equity? An international comparison, CFS Working Paper Series (2008) View citations (4) (2008)
Does Consumption Inequality Track Income Inequality in Italy?
Review of Economic Dynamics, 2010, 13, (1), 133-153 View citations (115)
See also Working Paper Does Consumption Inequality Track Income Inequality in Italy?, CSEF Working Papers (2009) View citations (8) (2009)
Software Item Code and data files for "Does Consumption Inequality Track Income Inequality in Italy?", Computer Codes (2009) (2009)
Economic Literacy: An International Comparison
Economic Journal, 2010, 120, (548), F429-F451 View citations (149)
See also Working Paper Economic literacy: An international comparison, CFS Working Paper Series (2010) View citations (150) (2010)
Households' Portfolio Diversification
STUDI ECONOMICI, 2010, LXV, (100), 117-143
See also Working Paper Households’ Portfolio Diversification, CSEF Working Papers (2007) (2007)
The Consumption Response to Income Changes
Annual Review of Economics, 2010, 2, (1), 479-506 View citations (426)
See also Working Paper The Consumption Response to Income Changes, NBER Working Papers (2010) View citations (429) (2010)

2009

Information sharing and credit: Firm-level evidence from transition countries
Journal of Financial Intermediation, 2009, 18, (2), 151-172 View citations (286)
See also Working Paper Information Sharing and Credit: Firm-Level Evidence from Transition Countries, Discussion Papers (2008) View citations (21) (2008)

2008

A Direct Test of The Buffer-Stock Model of Saving
Journal of the European Economic Association, 2008, 6, (6), 1186-1210 View citations (21)
See also Working Paper A Direct Test of the Buffer Stock Model of Saving, CEPR Discussion Papers (2007) (2007)

2007

Do people respond to tax incentives? An analysis of the Italian reform of the deductibility of home mortgage interests
European Economic Review, 2007, 51, (2), 247-271 View citations (37)
Health care quality, economic inequality, and precautionary saving
Health Economics, 2007, 16, (4), 327-346 View citations (24)
See also Working Paper Health Care Quality, Economic Inequality, and Precautionary Saving, "Marco Fanno" Working Papers (2006) View citations (2) (2006)

2006

Intertemporal Choice and Consumption Mobility
Journal of the European Economic Association, 2006, 4, (1), 75-115 View citations (44)
See also Working Paper Intertemporal choice and consumption mobility, CFS Working Paper Series (2005) (2005)
Retirement expectations, pension reforms, and their impact on private wealth accumulation
Journal of Public Economics, 2006, 90, (12), 2187-2212 View citations (129)
See also Working Paper Retirement expectations, pension reforms, and their impact on private wealth accumulation, CFS Working Paper Series (2006) View citations (132) (2006)

2005

Awareness and Stock Market Participation
Review of Finance, 2005, 9, (4), 537-567 View citations (155)
Also in Review of Finance, 2005, 9, (4), 537-567 (2005) View citations (159)
See also Working Paper Awareness and stock market participation, CFS Working Paper Series (2005) View citations (164) (2005)
Courts and Banks: Effects of Judicial Enforcement on Credit Markets
Journal of Money, Credit and Banking, 2005, 37, (2), 223-44 View citations (241)
See also Working Paper Courts and Banks: Effects of Judicial Enforcement on Credit Markets, CEPR Discussion Papers (2002) View citations (27) (2002)
L’ipotesi del ciclo vitale, la politica fiscale e la previdenza sociale
Moneta e Credito, 2005, 58, (230-231), 187-202
Searching for Non-monotonic Effects of Fiscal Policy: New Evidence
Monetary and Economic Studies, 2005, 23, (S1), 197-217 View citations (17)
See also Working Paper Searching for Non-Monotonic Effects of Fiscal Policy: New Evidence, NBER Working Papers (2005) View citations (19) (2005)
The life-cycle hypothesis, fiscal policy and social security
Banca Nazionale del Lavoro Quarterly Review, 2005, 58, (233-234), 173-186 View citations (5)
Also in BNL Quarterly Review, 2005, 58, (233-234), 173-186 (2005) View citations (5)
See also Working Paper The Life-Cycle Hypothesis, Fiscal Policy, and Social Security, CSEF Working Papers (2005) View citations (5) (2005)

2004

Financial market integration and economic growth in the EU
(International measures of schooling years and schooling quality)
Economic Policy, 2004, 19, (40), 524-577 View citations (101)
See also Working Paper Financial Market Integration and Economic Growth in the EU, CEPR Discussion Papers (2004) View citations (117) (2004)

2003

Financial market imperfections and home ownership: A comparative study
European Economic Review, 2003, 47, (5), 857-875 View citations (160)
See also Working Paper Financial Market Imperfections and Home Ownership: A Comparative Study, CEPR Discussion Papers (2001) View citations (13) (2001)
Household stockholding in Europe: where do we stand and where do we go?
(Limited market participation and volatility of assets prices)
Economic Policy, 2003, 18, (36), 123-170 View citations (173)
See also Working Paper Household Stockholding in Europe: Where Do We Stand, and Where Do We Go?, CEPR Discussion Papers (2003) View citations (185) (2003)
Tax incentives and the demand for life insurance: evidence from Italy
Journal of Public Economics, 2003, 87, (7-8), 1779-1799 View citations (30)
See also Working Paper Tax Incentives and the Demand for Life Insurance: Evidence from Italy, CEPR Discussion Papers (2001) View citations (2) (2001)
The Quality of Health Care: Evidence from Italy
Giornale degli Economisti, 2003, 62, (1), 7-34 View citations (2)
See also Working Paper The Quality of Health Care: Evidence from Italy, CSEF Working Papers (2002) View citations (1) (2002)

2002

An Empirical Analysis of Earnings and Employment Risk
Journal of Business & Economic Statistics, 2002, 20, (2), 241-53 View citations (152)
Information sharing, lending and defaults: Cross-country evidence
Journal of Banking & Finance, 2002, 26, (10), 2017-2045 View citations (354)
See also Working Paper Information Sharing, Lending and Defaults: Cross-Country Evidence, CEPR Discussion Papers (1999) View citations (21) (1999)
Private Transfers, Borrowing Constraints and the Timing of Homeownership
Journal of Money, Credit and Banking, 2002, 34, (2), 315-39 View citations (78)
See also Working Paper Private Transfers, Borrowing Constraints and the Timing of Homeownership, CSEF Working Papers (1999) View citations (2) (1999)
The Demand for Money, Financial Innovation, and the Welfare Cost of Inflation: An Analysis with Household Data
Journal of Political Economy, 2002, 110, (2), 317-351 View citations (170)
See also Working Paper The Demand for Money, Financial Innovation and the Welfare Cost of Inflation: An Analysis with Households' Data, CEPR Discussion Papers (1998) View citations (15) (1998)

2001

Comment on the International Savings Comparison Project
Research in Economics, 2001, 55, (2), 173-184 View citations (1)
Intertemporal Choice And The Cross-Sectional Variance Of Marginal Utility
The Review of Economics and Statistics, 2001, 83, (1), 13-27 View citations (5)
See also Working Paper Intertemporal Choice and the Cross Sectional Variance of Marginal Utility, CSEF Working Papers (1998) View citations (5) (1998)
Le profil des détenteurs d'actions en Europe
Revue d'Économie Financière, 2001, 64, (4), 169-178
The profile of European stockholders
Revue d'Économie Financière, 2001, 64, (4), 163-171 View citations (1)

2000

Searching for non-linear effects of fiscal policy: Evidence from industrial and developing countries
European Economic Review, 2000, 44, (7), 1259-1289 View citations (281)
See also Working Paper Searching for Non-Linear Effects of Fiscal Policy: Evidence from Industrial and Developing Countries, CEPR Discussion Papers (2000) View citations (301) (2000)
The dynamics of household wealth accumulation in Italy
Fiscal Studies, 2000, 21, (2), 269-295 View citations (33)
See also Working Paper The Dynamics of Household Wealth Accumulation in Italy, CSEF Working Papers (2000) View citations (33) (2000)
Using subjective income expectations to test for excess sensitivity of consumption to predicted income growth
European Economic Review, 2000, 44, (2), 337-358 View citations (65)
See also Working Paper Using Subjective Income Expectations to Test for Excess Sensitivity of Consumption to Predicted Income Growth, CSEF Working Papers (1998) View citations (3) (1998)

1999

THE AGE‐WEALTH PROFILE AND THE LIFE‐CYCLE HYPOTHESIS: A COHORT ANALYSIS WITH A TIME SERIES OF CROSS‐SECTIONS OF ITALIAN HOUSEHOLDS
Review of Income and Wealth, 1999, 45, (1), 57-75 View citations (30)
See also Working Paper The Age-Wealth Profile and The Life-Cycle Hypothesis: a Cohort Analysis with a Time Series of Cross-Sections of Italian Households, CSEF Working Papers (1999) View citations (67) (1999)
The Welfare Effects of Liquidity Constraints
Oxford Economic Papers, 1999, 51, (3), 410-30 View citations (24)
See also Working Paper The Welfare Effects of Liquidity Constraints, CSEF Working Papers (1998) View citations (3) (1998)

1998

Background Uncertainty and the Demand for Insurance Against Insurable Risks
The Geneva Risk and Insurance Review, 1998, 23, (1), 7-27 View citations (34)
See also Working Paper Background Uuncertainty and the Demand for Insurance against Insurable Risks, CSEF Working Papers (1998) View citations (14) (1998)
Testing For Liquidity Constraints In Euler Equations With Complementary Data Sources
The Review of Economics and Statistics, 1998, 80, (2), 251-262 View citations (159)
See also Working Paper Testing for Liquidity Constraints in Euler Equations with Complementary Data Sources, CEPR Discussion Papers (1995) View citations (37) (1995)

1996

Income Risk, Borrowing Constraints, and Portfolio Choice
American Economic Review, 1996, 86, (1), 158-72 View citations (361)
See also Working Paper Income Risk, Borrowing Constraints and Portfolio Choice, CEPR Discussion Papers (1994) View citations (40) (1994)

1995

Does social security reduce the accumulation of private wealth? Evidence from Italian survey data
Ricerche Economiche, 1995, 49, (1), 1-31 View citations (34)

1994

Housing finance arrangements, intergenerational transfers and consumption: The Italian experience
Economic Modelling, 1994, 11, (2), 145-155 View citations (4)
Saving, Growth, and Liquidity Constraints
The Quarterly Journal of Economics, 1994, 109, (1), 83-109 View citations (435)
See also Working Paper Saving, Growth and Liquidity Constraints, CEPR Discussion Papers (1992) View citations (12) (1992)

1993

Information Sharing in Credit Markets
Journal of Finance, 1993, 48, (5), 1693-1718 View citations (452)
See also Working Paper Information Sharing in Credit Markets, CEPR Discussion Papers (1991) View citations (10) (1991)
The Effect of Borrowing Constraints on Consumer Liabilities
Journal of Money, Credit and Banking, 1993, 25, (2), 197-213 View citations (134)
See also Working Paper The Effect Of Borrowing Constraints On Consumer Liabilities, Boston College Working Papers in Economics (1993) View citations (129) (1993)

1992

Earnings uncertainty and precautionary saving
Journal of Monetary Economics, 1992, 30, (2), 307-337 View citations (266)
See also Working Paper Earning Uncertainty and Precautionary Saving, Working Papers (1992) View citations (181) (1992)

1991

Intergenerational transfers and capital market imperfections: Evidence from a cross-section of Italian households
European Economic Review, 1991, 35, (1), 103-120 View citations (35)

1990

Credit Rationing and Private Transfers: Evidence from Survey Data
The Review of Economics and Statistics, 1990, 72, (3), 445-54 View citations (54)
Do Liquidity Constraints Vary over Time? Evidence from Survey and Panel Data
Journal of Money, Credit and Banking, 1990, 22, (2), 253-62 View citations (20)
Who is Credit Constrained in the U. S. Economy?
The Quarterly Journal of Economics, 1990, 105, (1), 219-234 View citations (565)

1989

Consumption and Capital Market Imperfections: An International Comparison
American Economic Review, 1989, 79, (5), 1088-1105 View citations (216)
See also Working Paper Consumption and Capital Market Imperfection: An International Comparison, CEPR Discussion Papers (1988) View citations (2) (1988)

1988

The behavior of inflation and interest rates: Evidence from Italian national history
Journal of Economic Dynamics and Control, 1988, 12, (1), 27-35

Books

2017

The Economics of Consumption: Theory and Evidence
OUP Catalogue, Oxford University Press View citations (60)

Edited books

2003

Stockholding in Europe
Palgrave Macmillan Books, Palgrave Macmillan View citations (160)

Chapters

2006

The Age–Saving Profile and the Life-Cycle Hypothesis
Chapter 2 in Long-run Growth and Short-run Stabilization, 2006
See also Working Paper The Age-Saving Profile and the Life-Cycle Hypothesis, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (1998) View citations (67) (1998)

2003

Stockholding in Italy
Palgrave Macmillan View citations (1)
See also Working Paper Stockholding in Italy, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2002) View citations (17) (2002)
Stockholding: A European Comparison
Palgrave Macmillan

1994

Government Incentives and Household Saving in Italy
A chapter in Public Policies and Household Saving, 1994, pp 105-132 View citations (4)
Personal Saving in Italy
A chapter in International Comparisons of Household Saving, 1994, pp 237-268 View citations (12)

Software Items

2009

Code and data files for "Does Consumption Inequality Track Income Inequality in Italy?"
Computer Codes, Review of Economic Dynamics
See also Journal Article Does Consumption Inequality Track Income Inequality in Italy?, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2010) View citations (115) (2010)