33 research outputs found
Evidence from the 2009 L’Aquila earthquake shows the importance of public grants in stimulating output following an economic shock
No full textIn 2009, an earthquake struck the region of Abruzzo in Italy near L’Aquila, causing over 300 deaths and substantial damage to buildings. Francesco Porcelli and Riccardo Trezzi present findings on the economic impact of the earthquake, particularly in terms of the role of reconstruction grants which were allocated to affected areas. They note that not every area which suffered damage by the earthquake was allocated funding and that these grants proved essential in stimulating economic output following the disaster. The findings provide evidence that interventions through public funding can be vital in enabling areas to recover following an economic shock
L'educazione cittadina di un principe d'Oltralpe. Carlo I, i comuni e l'integrazione angioina dell'Italia centro-settentrionale
No full textSpin an energy analysis of electron beams: Coupling a polarimeter based on exchange scattering to a hemispherical analyzer
No full textThe impact of earthquakes on economic activity: evidence from Italy
No full textAlthough earthquakes are large idiosyncratic shocks for affected regions, little is known of their impact on economic activity. Seismic events are rare, the data are crude (the Richter scale measures the magnitude, but says nothing of the associated damages), and counterfactuals are often entirely absent. Using a geophysical methodology devised to gauge seismic damages (the so-called Mercalli scale), we study the evolution of output and employment following seismic events in 95 Italian provinces from 1986 to 2011 for a total of 22 earthquakes. Our identification strategy relies on ideal counterfactuals: ex ante identical neighboring provinces that only differ ex post in terms of damages. We show that following an earthquake, the observed contraction of output and employment is generally small or even negligible. In some cases, the net effect on output and employment can be positive because the stimulus from the reconstruction activities more than compensate for the destruction of physical capital. Finally, we show that the effects on economic activity are nonpersistent, do not spill over from the epicentral region to the neighbors, and tend to be reabsorbed within 2 years from the event
Cannabis Use, Psychotic Like Experiences and Aberrant Salience in a Sample of Belgian Students
No full textThe main goal of our study was to investigate the association between psychotic-like experiences, aberrant salience, and cannabis use in a nonclinical sample of Belgian students. The participants were asked to complete a self-report questionnaire on cannabis use. The Community Assessment of Psychic Experiences and the Aberrant Salience Inventory were used to assess psychotic-like experiences and aberrant salience. The final sample was of 257 students. Cannabis users showed significantly higher Aberrant Salience Inventory score and, concerning the Community Assessment of Psychic Experiences, higher total, positive, and negative dimension scores. Years of cannabis use and frequency of use showed a positive correlation with Aberrant Salience Inventory score. Our results support the evidence that cannabis use is associated with an increased rate of psychotic experiences in individuals without a clinical form of psychosis. Future studies are required to better investigate the meaning of the association between cannabis use, psychotic-like experiences, and aberrant salience.SCOPUS: ar.jinfo:eu-repo/semantics/publishe
Household disagreement about expected inflation
No full textThis chapter surveys the major facts from research on disagreement between households on what they expect inflation to be. We document them using figures and correlations that capture: the statistical regularities on the observable drivers of disagreement, the measurement of residual disagreement, the usefulness of disagreement to forecast inflation, the response of disagreement to shocks, the disagreement between households and professionals, and the relation between disagreement, risk, and uncertainty
Shake me the money!
No full textDuring a natural disaster, the negative supply shock due to the destruction of productive capacity is counteracted by a positive demand shock due to public grants for assistance and reconstruction, positing an identification issue in empirical work. Focusing on the 2009 ’Aquilano’ earthquake in Italy as a case study, we take advantage of quantified measure of damages for 75,424 buildings to estimate the negative supply shock and of a law issued to allocate reconstruction grants, which resulted in a sharp, exogenous discontinuity in transfers and output behavior across neighboring municipalities to estimate the positive demand shock. Diff-in-diff analysis suggests that local output multipliers of reconstruction grants (net of marginal tax rebates) are below unity. Yet the size of the grants act as a public insurance scheme, preventing a fall in output
L'educazione cittadina di un principe d'Oltralpe. Carlo I, i comuni e l'integrazione angioina dell'Italia centro-settentrionale
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