Monetarist and Keynesian Policies for the Italian Labour Market: An Application of Interactive Control Methods

ABSTRACT: This paper aims at analysing the effects of monetarist and keynesian policies on Italian unemployment rate. Furthermore, it examines whether an optimal policy exists such that unemployment can be lowered without negatively affecting other policy targets (inflation or balance of trade). To answer these questions, interactive control methods are applied to a simple, intermediate-run, disequilibrium model of the Italian economy. A comparison between actual and optimal policies is also provided.     

Children's Perceptions of Family Relationships as Assessed in a Doll Story Completion Task: Links to Parenting, Social Competence, and Externalizing Behavior

This study was designed to examine the links between parenting, children's perceptions of family relationships, and children's social behavior. Seventy‐four children (M age=6.01 years; 39 boys; 35 girls) and their parents took part in the study. Children completed relationship‐oriented doll stories that were coded for coherence, prosocial themes, and aggressive themes. Parents completed a report of their child's social behavior, a parenting scale, and a number of demographic items. Teachers also completed measures of children's social competence and externalizing behavior. Warm parenting predicted both a child's representation of prosocial themes in the doll stories and social competence, whereas harsh parenting predicted both a child's use of aggressive themes in the doll stories and a child's externalizing behavior. These findings support the idea that children are constructing models of relationships out of the early interactions with caregivers, and that they use these representations to guide their social behavior.     

“Good” corporate governance and the quality of internal auditing departments in Italian listed firms. An exploratory investigation in Italian listed firms

One of the most important issue relating to corporate governance reports refers to their ability to provide users with a complete set of information regarding the effective ability of an entity to achieve oversight objectives by the compliance to corporate governance practices required by a specific law or industry code. In addition, other features, such as the quality of the internal auditing function or the sensitivity of top management to issues relating to corporate internal controls and risk management, can also be taken into account when formulating a judgment on the quality of corporate governance practices. Is there an association between the compliance to codes and internal controls effectiveness? We propose to assess the quality of corporate governance through a proxy that considers several characteristics of internal audit departments and combines them to determine an Internal Audit Departments global quality index—IAD Index. To define IAD global quality we consider the effectiveness of an internal audit function analysing its operational aspects. The IAD Index is based on several signalling elements that previous literature assumed as proxies for quality of IADs which are grouped into four pillars: a formal quality index; a static quality index; an activity-related quality index; and a performance-linked quality index. We then test the IAD index on a sample of Italian listed firms and conclude that there are significant associations (positive and negative) between the degree of compliance to some corporate governance regulations for listed firms and the IAD Index for the sample being considered.     

Microsimulating the Evolution of Italian Pension Benefits: the Role of Retirement Choices and Lowest Pensions Indexing

A few years after the introduction of the Amato and Dini laws, a renewed debate on reforming the Italian pension system and on modifying its structure and technical parameters is taking place. The present work simulates individual reactions to systemic changes, distinguishing among the different typologies of workers the categories of dependent (private and public) and self‐employed ones. This approach allows us to perform a general micro‐analysis of the effects of past reforms on family pension income distribution and average individual pension benefits. Furthermore, it makes it possible to assess the consequences of legislator's choices such as the indexation of the lowest pensions (‘assegni sociali’ and ‘pensioni integrate al minimo’) to wages or to inflation. Finally, a Monte Carlo analysis projects future inequality and poverty trends with a remarkable accuracy and allows to verify the robustness of our results.     

Chronic Effects of Air Pollution are Probably Overestimated

Inappropriate measures of exposure, including inadequate consideration of latency in the analysis of chronic effects of air pollution, may lead to overestimation of the impact of air pollution on health effects. A relatively simple way to check the plausibility of results on chronic effects of air pollution would be to report in parallel the smoking‐associated risks.     

A Method for Computing the Fraction of Attributable Risk Related to Climate Damages

The recent decision of the U.S. Supreme Court on the regulation of CO₂ emissions from new motor vehicles^{( 1 )} shows the need for a robust methodology to evaluate the fraction of attributable risk from such emissions. The methodology must enable decisionmakers to reach practically relevant conclusions on the basis of expert assessments the decisionmakers see as an expression of research in progress, rather than as knowledge consolidated beyond any reasonable doubt.^{( 2,3,4 )} This article presents such a methodology and demonstrates its use for the Alpine heat wave of 2003. In a Bayesian setting, different expert assessments on temperature trends and volatility can be formalized as probability distributions, with initial weights (priors) attached to them. By Bayesian learning, these weights can be adjusted in the light of data. The fraction of heat wave risk attributable to anthropogenic climate change can then be computed from the posterior distribution. We show that very different priors consistently lead to the result that anthropogenic climate change has contributed more than 90% to the probability of the Alpine summer heat wave in 2003. The present method can be extended to a wide range of applications where conclusions must be drawn from divergent assessments under uncertainty.     

Familism Values,Perspective Taking,and Prosocial Moral Reasoning: Predicting Prosocial Tendencies Among Mexican American Adolescents

Mexican American youth often engage in relatively high levels of prosocial behaviors. We theorize that this may be due to a cultural value system that encourages familism values, which, in turn, may foster the development of sociocognitive processes that promote prosocial behaviors. Two hundred and five Mexican American early adolescent youth (M_age = 10.9 years, SD = 0.84; 51% girls) reported their familism values, perspective taking, prosocial moral reasoning, and six types of prosocial behaviors. The results indicated that perspective taking partially mediated the relation between familism values and the specific prosocial tendencies theoretically linked to the Mexican American culture. The study demonstrated the utility of integrating cultural and traditional developmental mechanisms in attempting to explain prosocial behaviors.     

Food Expensiveness in Scotland's Remote Areas: An Analysis of Household Food Purchases☆

The purpose of this paper is to investigate whether consumers in Scotland's remote areas suffer from food prices that are higher than the average national prices (i.e., whether a “remoteness premium” exists). The question has been raised by several organizations in those communities looking at the high prices in local stores. This paper provides a new perspective using actual purchasing prices of a sample of 5,252 households in Scotland for 2017 and 2018. In this way, households' ability to shop for lower prices is considered, unlike in previous studies. An expensiveness index was computed to measure the expensiveness of food at household level and control for differences in quality. It showed that consumers in remote areas pay a small premium (0.3 to 0.4 percent) with respect to average prices, which is statistically significant but economically not relevant. To understand the effect of several factors, AHEI was regressed on a number of explanatory variables including local area characteristics and household demographics and consumers' shopping strategy. The results were used to simulate three hypothetical scenarios related to impact of changes in the population's age, access to discount stores, and social deprivation on food expensiveness.     

Predicting Children's Prosocial and Co‐operative Behavior from Their Temperamental Profiles: A Person‐centered Approach

The goal of this study was to examine how aspects of self‐regulation and negative emotionality predicted children's co‐operative and prosocial behavior concurrently and longitudinally using the National Institute of Child Health and Human Development (NICHD) Study of Early Child Care and Youth Development. Mothers completed measures of children's temperamental proneness to negative emotionality and self‐regulation at 54 months. Teachers and parents completed measures of children's co‐operative and prosocial behavior at 54 months, first grade, and third grade. A latent profile analysis of the temperamental variables revealed four profiles of children: those high in regulation and low in negative emotionality, those moderate in regulation and moderate in negative emotionality, those low in regulation and high in negative emotionality, and finally those who were very low in regulation but high in anger emotionality. Generally, children with profiles that were high or moderate in terms of regulation and low or moderate in terms of negative emotionality were rated as the most prosocial and co‐operative. Children with profiles that were less well regulated and who were high in negative emotionality (particularly anger proneness) were rated as less co‐operative and prosocial by parents and teachers.     

The Prosecution of Political Corruption: France,Italy and the USA - A Comparative View

The 1948 Italian Constitution provides for the independence of judges and magistrates. As a result of the tragic outcome of the war, of efforts to prevent dictatorships, war and the violation of human rights, the Italian framers have created an institutional system which can resist political interference in the cases in which elected officials and cabinet ministers are involved. A comparative analysis of France and the USA highlights that in those countries magistrates do not enjoy the same constitutional protection. The state, therefore, and the community, is not adequately protected by a system where power-holders can stop and divert investigations on political corruption.