Libera Università Internazionale degli Studi Sociali Guido Carli

About: Libera Università Internazionale degli Studi Sociali Guido Carli is a education organization based out in Rome, Lazio, Italy. It is known for research contribution in the topics: Politics & Monetary policy. The organization has 692 authors who have published 2493 publications receiving 36411 citations. The organization is also known as: Libera Universita Internazionale degli Studi Sociali Guido Carli & Libera Università Internazionale degli Studi Sociali "Guido Carli".

Anchoring the Yield Curve Using Survey Expectations

Abstract: Summary The dynamic behavior of the term structure of interest rates is difficult to replicate with models, and even models with a proven track record of empirical performance have underperformed since the early 2000s. On the other hand, survey expectations can accurately predict yields, but they are typically not available for all maturities and/or forecast horizons. We show how survey expectations can be exploited to improve the accuracy of yield curve forecasts given by a base model. We do so by employing a flexible exponential tilting method that anchors the model forecasts to the survey expectations, and we develop a test to guide the choice of the anchoring points. The method implicitly incorporates into yield curve forecasts any information that survey participants have access to—such as information about the current state of the economy or forward-looking information contained in monetary policy announcements—without the need to explicitly model it. We document that anchoring delivers large and significant gains in forecast accuracy relative to the class of models that are widely adopted by financial and policy institutions for forecasting the term structure of interest rates.

Psychosocial training: a case of self-efficacy improvement in an Italian school

Abstract: The changes that the regulatory institutions have imposed on the Italian school system over the last decades may actually result in contradictory effects at the individual and organizational levels: resistance or indifference on the one hand and training or coping strategies on the other. The paper focuses on the impact of such changes on teachers, as professional workers within public schools and individual participants of change. The paper refers to psychosocial training as a coping strategy, analysing how school teachers deal with work-related stress, and what impact a training intervention might have on some individual dimensions. Subsequently, in the longitudinal study presented, we analysed whether the training intervention conducted was effective in terms of learning and change. The case under consideration is a primary school located in the South of Italy, and the participants in the training and research were 92 female teachers. In order to investigate the effectiveness of the designed an...

Bringing theory to practice: how to extract value from corporate social responsibility

Abstract: Purpose – This contribution aims to clarify the role of corporate social responsibility (CSR) as an issue of governance and a strategic tool more than a mere communication activity, with a potential impact on both organizations and their economic and financial performance. Design/methodology/approach – The paper provides an overview of the literature contribution on CSR and its impact on value, offering a new conceptual model useful both for managers and relevant stakeholders in assessing, through an integrated approach, the company performance. Findings – The analysis focuses on how CSR investments can create value for companies and for stakeholders in general. This can occur if the related benefits exceed the related costs, generating a favorable balance toward what we called the virtuous cycle of CSR. This cycle is made up of four steps – decision, design, action and result – that define a potential value creation path that a responsible firm can take, assuming that it integrates a social agenda into i...

Platform Politics in Europe | The Impact of Online Participation Platforms on the Internal Democracy of Two Southern European Parties: Podemos and the Five Star Movement

Abstract: The article examines the impact of two online participation platforms on the internal party democracy (IPD) of the Five Star Movement (5SM) in Italy and Podemos in Spain. The article considers whether the frequent use of the platforms for internal consultations automatically translates into a higher quality of IPD. The conclusion is that the impact of the participation platforms on the quality of IPD is modest insofar as the leadership of both parties controls the subject, framing, and timing of the consultations to strengthen its own position. From this angle, statutory regulations, technological affordances, and high-frequency consultations function as a series of interlocking constraints on the capacity of ordinary members to participate on a regular basis, to influence the party agenda, and to make decisions based on alternative viewpoints.