Editorial: Change and Continuity

The short editorial introduces the new volume and provides information on the new composition of the board of editors. Starting from this issue, the main responsibility for editing the two journals "Moneta e Credito" and "PSL Quarterly Review" shifts from Alessandro Roncaglia to Carlo D’Ippoliti. Roncaglia, chairman of Economia Civile, which publishes both journals, remains on the board as co-editor. The present introduction explains the main reasons for this change, and shortly recalls the recent history of the Review

Introduction: Time for a New Debate on Europe

This short editorial note introduces the current issue of the Review with the aim of opening a debate on Europe after the Brexit. Even if many saw the euro as a step towards political integration, there is now confusion and uncertainty over the final aims and objectives of the EU. Increasing popular hostility against the EU makes the current set-up one with which we will have to live for a while, before Treaty changes will be possible again. Alas, the current set-up is a union made up of sovereign countries competing under common uniform rules, rather than cooperating under flexible arrangements. The debate on Europe must proceed in parallel with discussion on the other regions of the world, both for the impact that the latter have on the EU, and for the global consequences of the dire predicament of Europe, which is the largest economic area in the world. In the coming issues, the Review will continue to contribute to the global discussion on all areas of the world; as much as Eurobonds have been expunged from the dictionary, “decoupling” can hardly remain in it

Un cambiamento nella continuità

The short editorial introduces the new volume and provides information on the new composition of the board of editors. Starting from this issue, the main responsibility for editing the two journals Moneta e Credito and PSL Quarterly Review shifts from Alessandro Roncaglia to Carlo D’Ippoliti. Roncaglia, chairman of Economia Civile, which publishes both journals, remains on the board as co-editor. The present introduction explains the main reasons for this change, and shortly recalls the recent history of the review

Deformed Exponentials and Applications to Finance

We illustrate some financial applications of the Tsallis and Kaniadakis deformed exponential. The minimization of the corresponding deformed divergence is discussed as a criterion to select a pricing measure in the valuation problems of incomplete markets. Moreover, heavy-tailed models for price processes are proposed, which generalized the well-known Black and Scholes mode

Uncovering the missing link between precarity and populist voting

Over the last decade, the economist Guy Standing has written on the emergence of a new class of citizens – the ‘precariat’ – who lack economic security and stable occupational identities. But can the concept of precarity also help explain the success of populist parties? Drawing on a new study, Lorenza Antonucci, Carlo D’Ippoliti, Laszlo Horvath and André Krouwel assess how precarity affects support for populist parties in France and the Netherlands

L’Unione Europea e l’euro: crescere o perire

Il lavoro considera l’impatto dell’attuale crisi causatadal Covid-19 sull’Unione Europea. La risposta di politica economica è stata, rispetto alla crisi dei debiti pubblici, di ben diversa natura. Rimane ora il compito di rimediare ad alcune carenze nell’architettura istituzionale dell’Unione, e di completare il processo di unificazione, soprattutto tramite la costituzione di una fiscalità comune. L’alternativa è il perdurare degli squilibri economici e sociali che hanno attanagliato soprattutto l’area dell’euro sin da prima della crisi, e il rischio di fallimento dell’intera Unione

The Impact of the economic Crisis on the Situation of Women and men and on Gender Equality Policies

Analizza l'impatto della crisi economica sul mercato del lavoro dei diversi paesi membri privilegiando una prospettiva di genere. Analizza altresi' l'effetto della crisi e delle politiche di austerità su alcuni aspetti della coesione sociale, immigrazione e povertà in particolare. Utilizza sia dati statistici aggregati che microdati (tratti dalle indagini Survey of ncome and Living Conditions e Labour Force Survey) adottando una varietà di tecniche statistiche

Local Heat Stroke Prevention Plans in Japan: Characteristics and Elements for Public Health Adaptation to Climate Change

The adverse health effects from hot weather and heat waves represent significant public health risks in vulnerable areas worldwide. Rising temperatures due to climate change are aggravating these risks in a context of fast urbanization, population growth and societal ageing. However, environmental heat-related health effects are largely preventable through adequate preparedness and responses. Public health adaptation to climate change will often require the implementation of heat wave warning systems and targeted preventive activities at different levels. While several national governments have established such systems at the country level, municipalities do not generally play a major role in the prevention of heat disorders. This paper analyzes selected examples of locally operated heat-health prevention plans in Japan. The analysis of these plans highlights their strengths, but also the need of local institutions for assistance to make the transition towards an effective public health management of high temperatures and heat waves. It can also provide useful elements for municipal governments in vulnerable areas, both in planning their climate change and health adaptation activities or to better protect their communities against current health effects from heat

Air Pollution Exposure—A Trigger for Myocardial Infarction?

The association between ambient air pollution exposure and hospitalization for cardiovascular events has been reported in several studies with conflicting results. A case-crossover design was used to investigate the effects of air pollution in 660 first-time myocardial infarction cases in Stockholm in 1993–1994, interviewed shortly after diagnosis using a standard protocol. Air pollution data came from central urban background monitors. No associations were observed between the risk for onset of myocardial infarction and two-hour or 24-hour air pollution exposure. No evidence of susceptible subgroups was found. This study provides no support that moderately elevated air pollution levels trigger first-time myocardial infarction