Template-type: ReDIF-Article 1.0 Author-Name: Michela Mantovani Author-Name: Francesco Forte Title: Efficiency and Effectiveness of Museums' Supply in an Agency Context Abstract: Efficiency and Effectiveness of Museums' Supply in an Agency Context (di Francesco Forte, Michela Mantovani) - ABSTRACT: Museums provide immaterial services of information goods; the agency relation may be assessed as for other public utility concerns, by appropriate indicators. In the first part, methodological problems are analysed focusing on the two main missions of the Museum, of conservation and supply of services to the public by considering efficiency, effectiveness and distribution issues, from stocks and flows points of view. The second part considers the various situation and performance indicators for recording and material preservation of the stock; and for services to the public (opening times, shares of items exposed and related facilities, etc.). Size and composition of visitors flows and of receipts flows are important indicators of outcome. JEL Classification: Z10 Classification-JEL: Keywords: Note: Pages: Volume: 2000/71 Year: 2000 Issue:71 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=15149&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:steste:v:html10.3280/Ste2000-071001 Number: 1 Template-type: ReDIF-Article 1.0 Author-Name: Giuseppe Mastromatteo Title: Microfondamenti della teoria monetaria postkeynesiana Abstract: Microfondamenti della teoria monetaria postkeynesiana (di Giuseppe Mastromatteo) - ABSTRACT: Postkeynesian theorists emphasise the fact that Keynes? economic process is recursive rather than Walrasian. Such recursiveness proceeds from an exogenous and "conventional" monetary interest rate to the expected marginal efficiency of capital, while money supply is endogenous. In spite of the crucial role attributed to the banking system in the transmission of interest rate impulses, postkeynesians make little room to for the way in which banks fix their interest rates, as well as to the role of credit conditions. This paper contains a brief description of some micro-foundations of the postkeynesian theory, mainly based on the role played by asymmetric information. JEL Classification: E120, E400 Classification-JEL: Keywords: Note: Pages: Volume: 2000/71 Year: 2000 Issue:71 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=15150&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:steste:v:html10.3280/Ste2000-071002 Number: 2 Template-type: ReDIF-Article 1.0 Author-Name: Sergio Cesaratto Title: Sistemi pensionistici e analisi economica: un riesame critico Abstract: Sistemi pensionistici e analisi economica: un riesame critico (di Sergio Cesaratto) - ABSTRACT: The dominant opinion is that we are facing a serious crisis of the pay-as-you-go (PAYG) pension system. The proposal is the progressive substitution of PAYG with a capitalisation system (CS). The paper begins with a reconsideration of the controversy between Samuelson (1958) and Lerner (1959) on the economic interpretation of PAYG. Samuelson based his interpretation of PAYG on an insurance fiction. Lerner argued that PAYG is a a "tax-pay" system. The paper concludes that the actuarial configuration actually taken by PAYG does not depend on any endogenous logic, but on exogeneous social and economic circumstances. The second half of the paper traces the roots of the CS in the marginalist notion of capital as a fund of consumption goods whose utilisation is postponed. The often ill understood difficulties of the so-called "transition" from PAYG to CS are briefly recalled. Even if these difficulties were solved, the CS would meet the keynesian criticism to the neoclassical relation between saving and investment later reinforced by the results of the capital theory controversy. JEL Classification: E1, H55 Classification-JEL: Keywords: Note: Pages: Volume: 2000/71 Year: 2000 Issue:71 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=15151&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:steste:v:html10.3280/Ste2000-071003 Number: 3 Template-type: ReDIF-Article 1.0 Author-Name: Michele Limosani Title: What Explains Real Interest Rate Differentials across European Countries? Abstract: What Explains Real Interest Rate Differentials across European Countries? (by Michele Limosani) - ABSTRACT: We decompose European real interest rate differentials into three components, the covered interest parity condition, the risk premium and the ex-ante relative purchasing power parity condition, and analyse why real interest rates in Europe do not converge to a single rate. The empirical evidence suggests that the risk premium is the most important factor accounting for deviations from the real interest parity condition and that deviations from the purchasing power parity condition play only a marginal role. JEL Classification: E58 Classification-JEL: Keywords: Note: Pages: Volume: 2000/71 Year: 2000 Issue:71 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=15152&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:steste:v:html10.3280/Ste2000-071004 Number: 4 Template-type: ReDIF-Article 1.0 Author-Name: Floro Ernesto Caroleo Title: Le politiche per l'occupazione in Europa: una tassonomia istituzionale Abstract: Le politiche per l'occupazione in Europa: una tassonomia istituzionale (di Floro Ernesto Caroleo) - ABSTRACT: The recent employment strategy of the EU seems in line with the policy suggestions of Oecd Jobs Study. The idea leading Oecd consensus is that the high European unemployment is owed to the rigidities of the norms and rules operating in the labour market and they are responsible both of the increase and the persistence of the equilibrium unemployment. This entails a radical reform of the institutions aimed to restore flexibility in labour market. The paper analyses the empirical evidence and theoretical and policy implications of this position and, in particular, the statement that there is no alternative European strategy. The conclusion is that the great institutional variability of European labour market makes it difficult to think the simple restoration of the law of market as the only solution of the unemployment problem, as it is argued by the Oecd consensus. Alternatively, the reform should identify the best arrangement by keeping the idiosyncratic feature of institutions and reaching the highest level of policy consent. JEL Classification: E24, E42, J31, J60 Classification-JEL: Keywords: Note: Pages: Volume: 2000/71 Year: 2000 Issue:71 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=15153&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:steste:v:html10.3280/Ste2000-071005 Number: 5