Francesco Lippi

TL;DR: The optimal lockdown policy for a planner who wants to control the fatalities of a pandemic while minimizing the output costs of the lockdown is studied using the SIR epidemiology model and a linear economy to formalize the planner's dynamic control problem.

TL;DR: In this article, the authors studied the cross-industry heterogeneity of monetary policy effects and related it to industry characteristics suggested by monetary transmission theories, and found that significant cross industry differences in the effects of monetary policies swamp the hardly detectable cross-country variability.

TL;DR: In this article, the effects of central bank independence, the degree of centralization of wage bargaining and the interaction between those institutional variables on the real wage, unemployment and inflation were investigated by considering a two-stage strategic interaction between a central bank with a given degree of conservativeness and a number of unions each of which sets its own nominal wage taking the nominal wages of other unions and the reaction function of the CB as given.

TL;DR: In this paper, a conceptual framework is proposed to investigate the effects of central bank independence, of the degree of centralization of wage bargaining and of the interaction between those institutional variables, on real wages, unemployment and inflation.

TL;DR: In this paper, an inventory model is presented where the withdrawal technology is explicitly modeled and both the level and the interest rate elasticity of cash holdings depend on the withdraw technology available to households, based on the diffusion of cash withdrawal points measured at city level.