1,721,207 research outputs found
Deleverage, balance sheet restructuring and economic policy in Italy
No full textThis study documents and comments on financial assets dynamics in Italy before and after the 2007–08 crisis, based on an empirical observation of twenty-five years of fully integrated sectorial data reporting economic transactions, financial transactions, and revaluation of assets.
The empirical analysis strongly suggests that Italy experienced a peculiar form of balance sheet restructuring, different from both the typical balance sheet recession—where private debt deleverage starts as stock prices fall—and the typical low demand recession— where private debt deleverage starts as GDP recovers. In Italy, debt deleverage of both firms and households did not start until 2012, when equity values recovered and GDP fell; moreover, deleverage was not spontaneous, but was triggered by an articulated process of financial wealth reallocation driven by the European Central Bank. Fiscal policy, rather than creating the conditions for economic growth by reducing public debt, created the conditions for private debt reimbursement by compressing aggregate demand. Monetary policy, rather than expansionary, has been functional in recovering and preserving the value of equities while progressively shrinking the debt security market. This combined policy also restored the pre-crisis context of low-income growth, low public expenditure, and structurally high unemployment
Il problema del debito privato e lo scopo del debito pubblico
No full textL’emergenza pandemica, vista dalla prospettiva delle sue conseguenze economiche, ha portato in primo piano un problema sistemico che spesso, per ideologia o per ignoranza, nel dibattito pubblico viene lasciato sotto traccia: la questione del debito privato
In seguito al prevedibile crollo del Pil di diverse economie, in primis quella italiana, il debito privato, in particolare quello delle imprese, rischia di diventare insostenibile
Going Beyond Counting First Authors in Author Co-citation Analysis
Full text linkThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
Variations on the Author
Full text link“Variations on the Author” discusses two of Eduardo Coutinho’s recent films (Um Dia na Vida, from 2010, and Últimas Conversas, posthumously released in 2015) and their contribution to the general question of documentary authorship. The director’s filmography is characterized by a consistent yet self-effacing form of authorial self-inscription: Coutinho often features as an interviewer that rather than express opinions propels discourses; an interviewer that is good at listening. This mode of self-inscription characterizes him as an author who is not expressive but who is nonetheless markedly present on the screen. In Um Dia na Vida, however, Coutinho is completely absent form the image, while Últimas Conversas, on the contrary, includes a confessional prologue that moves the director from the margins to the center of his films. This article examines the ways in which these works stand out in the filmography of a director who offers new insights into the notion of cinematic authorship
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