Francesco Lamperti, Giovanni Dosi, Mauro Napoletano, Andrea Roventini and Alessandro Sapio

Author Archive | Francesco Lamperti, Giovanni Dosi, Mauro Napoletano, Andrea Roventini and Alessandro Sapio


And Then He Wasn’t a She: Climate Change and Green Transitions in an Agent-Based Integrated Assessment Model

In this work, we employ an agent-based integrated assessment model to study the likelihood of transition to green, sustainable growth in presence of climate damages. The model comprises heterogeneous fossil-fuel and renewable plants, capital- and consumption-good firms and a climate box linking greenhouse gasses emission to temperature dynamics and microeconomic climate shocks affecting labour productivity […]

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Financialization in EU and the effects on growth, inequality and financial stability

In this paper brief we present empirical evidence on the patterns of increasing financialization in the EU in the last two decades, an analysis of its possible adverse effects on several objectives of the EU 2030 agenda, including inclusive growth, innovation, inequality and financial stability. First, excessive financialization depresses economic growth because it implies that […]

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Debunking the Granular Origins of Aggregate Fluctuations: From Real Business Cycles back to Keynes

In this work we study the granular origins of business cycles and their possible underlying drivers. As shown by Gabaix (2011), the skewed nature of firm size distributions implies that idiosyncratic (and independent) firm-level shocks may account for a significant portion of aggregate volatility. Yet, we question the original view grounded on “supply granularity”, as […]

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Distant but within sight. Firm-level evidence about productivity gaps between Germany and France

The study investigates differences in firm productivity levels between France and Germany within the manufacturing sector. In addition, it analyzes the possible asymmetric effect that the Great Recession had on firm productivity in both countries. Our results reveal a systematic productivity advantage of Germany over France in the manufacturing industry over the period 2003-2013. This […]

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How to achieve the green transition

ISIGrowth is a 3-year EC Horizon 2020 funded project aimed at offering comprehensive diagnostics on the relationship between innovation, employment dynamics and growth in an increasingly globalized and financialized world economy. The project will provide a coherent policy toolkit to achieve the Europe 2020 objectives of smart, sustainable and inclusive growth. The theoretical foundation is […]

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Uncovering the Network Complexity in Input-Output Linkages among Sectors in European Countries

The global economic system is a highly interlinked network, comprised of heterogeneous industries in different countries. In such a complex system, a negative shock to the production of any industrial sector may have two distinct effects on the remaining industrial sectors: on the one hand by increasing/decreasing production it will demand more/less inputs from other […]

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Growth and financial exposition in times of crisis

The financial crisis of 2007-2008 has had an important impact on the real economy, particularly in Europe: analyzing the transmission channels through which this happened is however far from simple. We focus on the effect of financial constraints on the performance of manufacturing firms by employing several indirect measures of such constraints. We first study […]

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Financialization of Europe: a comparative perspective

We provide evidence about the process of financialization in Europe in the period 1999-2016. We combine different sources of data (ECB Data Warehouse, BvD Orbis Database, Bank Scope) and we compute different indicators that allow us to grasp different features of the financialization process in the Euro Area and in a group of selected countries. […]

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