From FDI network topology to macroeconomic instability

A new paper with Giulia De Masi on Journal of Economic Interaction and Coordination volume 15, pages133–158(2020) https://doi.org/10.1007/s11403-019-00275-0 Fragmentation of production undoubtedly constitutes a possible channel of economic contagion and could play a key role in the study of systemic risk. Investments abroad implicitly create long-range economic dependencies between investors and the economies of destination, possibly triggering…

Does the Same FDI Fit All?

The publishing process is not always linear. Sometimes the initial versions are completely different from those published. Finally, after few years, Giorgia Giovannetti, Enrico Marvasi and I have completed the process for the Italian Economic Journal. Here you can find the full-text view-only version. Abstract: This paper investigates the heterogeneity within the group of foreign…

Complexity with Heterogeneous Fundamentalists and a Multiplicative Price Mechanism

Complexity with Heterogeneous Fundamentalists and a Multiplicative Price Mechanism Abstract In contrast with the canonical models of financial markets with heterogeneous agents,, Naimzada and Ricchiuti, (2008, 2009) show that the interaction of groups of agents who have the same trading rule but present different beliefs about the fundamental value could be a source of instability.…