Explore how aggregate demand and GDP connect and differ, using insights from Keynesian economics to understand macroeconomic ...

The liberalization of the Italian electricity market has led to a situation where the logic of maximizing operators’ profits prevails. In this context, it is essential for electricity producers to be ...

How well stress tests measure a bank’s ability to survive adverse conditions depends on the statistical modeling approach used. Banks can access data on loan characteristics to precisely estimate ...

This paper demonstrates that sectoral heterogeneity itself–without any additional bells or whistles–has first-order implications for the transmission of aggregate shocks to aggregate variables in an ...