Pietro Cova's Books

Reflating Japan

Time to Get Unconventional?

By: Ms.Elif Arbatli,Mr.Dennis P. J. Botman,Kevin Clinton,Pietro Cova,Vitor Gaspar,Zoltan Jakab,Mr.Douglas Laxton,Mr.Constant Lonkeng Ngouana,Mr.Joannes Mongardini,Hou Wang

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Reflating Japan

Time to Get Unconventional?

By: Ms.Elif Arbatli,Mr.Dennis P. J. Botman,Kevin Clinton,Pietro Cova,Vitor Gaspar,Zoltan Jakab,Mr.Douglas Laxton,Mr.Constant Lonkeng Ngouana,Mr.Joannes Mongardini,Hou Wang

Japan has ambitious economic goals: 3 percent nominal growth; 2 percent inflation; and a primary budget surplus. Abenomics has employed the three arrows of monetary, fiscal and structural policies, but the goals remain out of reach. We propose that countercyclical measures be embedded in long-run frameworks that anchor expectations for inflation and public debt. In addition, we argue for an incomes policy to assist reflation. Model simulations suggest that, combined, these proposals would make headway towards the goals, with, on balance, a better chance of success than the more unconventional policy alternatives proposed by Krugman, Svensson, and Turner from a risk-return perspective.

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International Monetary Fund

Published Date

ISBN 10

1475523149

ISBN 13

9781475523140

Global Imbalances

The Role of Non-Tradabletotal Factor Productivity in Advanced Economies

By: Nicoletta Batini,Pietro Cova,Massimiliano Pisani,Mr.Alessandro Rebucci

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Global Imbalances

The Role of Non-Tradabletotal Factor Productivity in Advanced Economies

By: Nicoletta Batini,Pietro Cova,Massimiliano Pisani,Mr.Alessandro Rebucci

This paper investigates the role played by total factor productivity (TFP) in the tradable and nontradable sectors of the United States, the euro area, and Japan in the emergence and evolution of today's global trade imbalances. Simulation results based on a dynamic general equilibrium model of the world economy, and using the EU KLEMS database, indicate that TFP developments in these economies can account for a significant fraction of the total deterioration in the U.S. trade balance since 1999, as well as account for some the surpluses in the euro area and Japan. Differences in TFP developments across sectors can also partially explain the evolution of the real effective value of the U.S. dollar during this period.

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International Monetary Fund

Published Date

ISBN 10

1451872100

ISBN 13

9781451872101

Global Imbalances

The Role of Emerging Asia

By: Pietro Cova,Massimiliano Pisani,Mr.Alessandro Rebucci

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Global Imbalances

The Role of Emerging Asia

By: Pietro Cova,Massimiliano Pisani,Mr.Alessandro Rebucci

This paper investigates the role played by emerging Asia in the emergence and evolution of the global trade imbalances. Based on simulations in a general equilibrium model of the world economy, we find that a productivity slowdown in the non-tradable sector of these economies in the second half of the 1990s fits regional macroeconomic developments relatively well, but has limited spillover effect to the United States trade balance. In contrast, an increase in the desired level of emerging Asia net foreign assets starting in 2001 not only fits regional developments relatively well, but also has a significant spillover effect to the United States.

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International Monetary Fund

Published Date

ISBN 10

1451872119

ISBN 13

9781451872118

The Knights Errant of Anarchy

London and the Italian Anarchist Diaspora (1880–1917)

By: Pietro Di Paola

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The Knights Errant of Anarchy

London and the Italian Anarchist Diaspora (1880–1917)

By: Pietro Di Paola

This book provides the first comprehensive overview of the structure, dynamics, sociology and interrelations that characterised the community of Italian anarchist exiles in London.

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Page Count

257

Publisher

Liverpool University Press

Published Date

ISBN 10

1781385645

ISBN 13

9781781385647

Human Interaction & Emerging Technologies (IHIET 2024)

By: Pietro Costa

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Human Interaction & Emerging Technologies (IHIET 2024)

By: Pietro Costa

Proceedings of the 12th International Conference on Human Interaction and Emerging Technologies, IHIET 2024, August 26-28, 2024, IUAV University of Venice, Italy.

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632

Publisher

AHFE Conference

Published Date

ISBN 10

1964867339

ISBN 13

9781964867335

Modeling Natural Phenomena via Cellular Nonlinear Networks

By: Angela Slavova,Pietro Zecca

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Modeling Natural Phenomena via Cellular Nonlinear Networks

By: Angela Slavova,Pietro Zecca

This book presents a study of neuroscience models and natural phenomena, such as tsunami waves and tornados. The first part discusses various mathematical models of tsunamis, including the Korteweg–de Vries equation, shallow water equations and the Camassa–Holm equation (CH). In order to study the dynamics of these models, the text uses the Cellular Nonlinear Networks (CNN) approach to discretize the governing equation using a suitable mathematical grid. The second part discusses some of the models arising in the field of neuroscience. It examines the Fitzhugh-Nagumo systems, which are very important for understanding the qualitative nature of nerve impulse propagation. The volume will be of interest to a wide-ranging audience, including PhD students, mathematicians, physicists, engineers and specialists in the domain of nonlinear waves and their applications.

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