Integration of migrants in Italy: A simple general and objective measure

Measuring migrants’ integration into host societies is a challenging task as, in general, measuring any social behavior and social phenomena. The task is affected by many specific problems related to the definition of the objective of study and the impact of subjective evaluations in the construction of an index. Our study aims to provide a measure of integration as much as possible general and objective. More in details, first, we consider some different general aspects of the integration problem related to migrants’ polarization, cultural diversification, social stability, integration in the labor market. Second, we aggregate them in a synthetic linear index, which is rather objective since the weights are computed by only considering the statistical properties of our dataset, i.e. choosing those weights that minimize the information loss in terms of data variances/co-variances.Migrations; migrants’ integration; regional index; principal component analysis

Integration of migrants in Italy: A simple general and objective measure

Measuring migrants’ integration into host societies is a challenging task as, in general, measuring any social behavior and social phenomena. The task is affected by many specific problems related to the definition of the objective of study and the impact of subjective evaluations in the construction of an index. Our study aims to provide a measure of integration as much as possible general and objective. More in details, first, we consider some different general aspects of the integration problem related to migrants’ polarization, cultural diversification, social stability, integration in the labor market. Second, we aggregate them in a synthetic linear index, which is rather objective since the weights are computed by only considering the statistical properties of our dataset, i.e. choosing those weights that minimize the information loss in terms of data variances/co-variances.migrations, migrants’ integration, regional index, principal component analysis

Breaking Electroweak Symmetry Strongly

The problem of electroweak symmetry breaking is reviewed with discussion of future relevant experimentation at LHC and $e^+e^-$ linear colliders. The possibility of strong electroweak symmetry breaking is examined in more detail, using the BESS (Breaking Electroweak Symmetry Strongly) model as a basis for the discussion. The formal constructions are briefly presented and the possible expectations at future colliders are summarized.Comment: 20 pages, LaTeX, UGVA-DPT 1994/04-846. To appear in the Memorial Volume for Professor Robert Marshak, edited by E.C.G. Sudarshan, World Scientific Publishing Compan

FISCAL-MONETARY POLICY COORDINATION AND DEBT MANAGEMENT: A TWO STAGE DYNAMIC ANALYSIS

This paper studies the interaction between two autonomous policymakers, the central bank and the government, in managing public debt as the result of a two-stage game. In the first stage the institutional regime is established. This determines the equilibrium solution to be applied in the second stage, in which a differential game is played between the two policymakers. It is shown that, if the policymakers can communicate before the game is played, (multiple-equilibrium) coordination problems can be solved by using the concept of correlated equilibrium. Unlike Nash equilibrium, which only allows for individualistic and independent behaviour, a correlated equilibrium allows formonetary and fiscal policies, differential games, correlated equilibrium.

The impact of a massive migration flow on the regional population structure: The case of Italy

Low economic growth rates are a common problem in many developed countries in Europe. This paper aims to highlight the possible role of demographic factors. Problems of low growth may be exacerbated by an increase in dependency ratios. However, large-scale migrations have been shown to positively affect the age composition of a population. Focusing on Italy, we estimate the impact of migration on the working age population ratio, population size and gross domestic product. We also show that migration may affect the economic gap between the North and South, posing a new potential problem to policymakers.

Do tax distortions lead to more indeterminacy? A New Keynesian perspective

Following the recent developments of the literature on stabilization policies, this paper investigates the effect of tax distortions on equilibrium determinacy in a New Keynesian economy with rule-of-thumb consumers and capital accumulation. In particular, we focus on the inter-action between monetary policy and tax distortions in supporting the saddle-path equilibrium under the assumptions of balanced budget and monetary policy satisfying a Taylor rule.rule-of-thumb consumers, equilibrium determinacy, fiscal and monetary policy inter-actions, and tax distortions

Fiscal Policy under Balanced Budget and Indeterminacy: A New Keynesian Perspective

We investigate the effect of fiscal policy on equilibrium determinacy in a New Keynesian economy with rule-of-thumb (liquidity constrained) consumers and capital accumulation by focusing on the inter-action between monetary policy and taxation under the assumption of balanced budget. Our main finding is that taxation of firms� monopoly rents reduces the parameter range within which the Taylor principle is insufficient to guarantee equilibrium determinacy; hence it supports the determinacy of the rational expectation equilibrium.Rule-of-thumb consumers, equilibrium determinacy, fiscal and monetary policy inter-actions, tax distortions, balanced government budget.

Heterogeneous consumers, demand regimes, monetary policy and equilibrium determinacy

This paper investigates the effects of monetary policy in presence of heterogeneous consumers. We study the effectiveness (quantitative effects) of monetary policy and equilibrium determinacy properties of a New Keynesian DSGE model where a fraction of households cannot smooth consumption. We show that two-demand regimes can emerge (according to the “slope” of IS curve) and that the main unconventional results, stressed by recent literature, only hold in the unconventional case of an IS curve positively sloped.Heterogeneous consumers, liquidity constraints, determinacy, demand regimes