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The UniCredit Foundation Working Paper series was launched in 2010, to collect scientific contributions from the winners of the competitions promoted by the Foundation - external students and researchers or UniCredit Group employees - encouraging their circulation both within and outside UniCredit, to generate comments and suggestions.

 

The articles are examined and selected by the Scientific Committee, made up of  professors from the best Italian and European Universities. The selection is based on criteria evaluating the techniques used and their level of contribution to scientific debate.

 

All the winners of the Best Paper competitions launched by the Foundation will be able to have their own contribution published in the Working Paper series of UniCredit Foundation.

 

UniCredit & Universities Working Paper Series

No. 107 "Tasks, Cities and Urban Wage Premia"
Anja Grujovic  - Belgrade Young Economists Prize
giugno 2018  -  PDF download

 

No. 106  "Headscarves and Female Employment"
Corekcioglu Gozde   - UWIN Best Paper Award
April 2018 - PDF download

 

No. 105 "On the Origins of Son Preference and Female Genital Cutting"
Anke Becker  - UWIN Best Paper Award
April 2018 - PDF download

 

No. 104  “A risk-neutral approach for the evaluation of NPL”
Danilo Tilloca  - UniCredit Best Paper Award
March 2018 - PDF download

No. 99 "Does Teacher Sorting across and within Schools Explain Inequality in Education Outcomes?"
Petra Thiemann  - EEA Young Economist Best Paper Award
August 2017 - PDF download

 

No. 98 "Fiscal Rules and the Selection of Politicians: Evidence from Italian Municipalities"
Matteo Gamalerio  - EEA Young Economist Best Paper Award
August 2017 - PDF download

 

No. 97 "A Kinked-Demand Theory of Price Rigidity"
Stéphane Dupraz  - EEA Young Economist Best Paper Award
August 2017 - PDF download

 

No. 96 "From Local to Global: Offshoring and Asset Prices"
Lorenzo Bretscher  - Belgrade Young Economists Prize
June 2017 - PDF download

No. 95 "Now She Is Martha, then She Is Mary": the Influence of Beguinages on Attitudes Toward Women"
Annalisa Frigo e Eric Roca - UWIN Best Paper Award on Gender Economics
June 2017 - PDF download

No. 94 "Till Money Us Do Part: Property Division at Divorce and Married Couples' Time Behaviour"
Daniela Piazzalunga - UWIN Best Paper Award on Gender Economics
June 2017 - PDF download

No. 93 "Prepayment risk modeling: behavioural options, contagion and interest rates dynamics"
Flavia Barsotti  - UniCredit Best Paper Award
June 2017 - PDF download


No. 92 "Taylor Rule and Financial Instability"
Gianfranco Zampese - UniCredit Best Paper Award
June  2017 - PDF download

No. 91 "Financial Product Design and Catering: Evidence from the Global Mutual Fund Industry" 
Mancy Luo - SUERF Best Paper Prize December 2016 - PDF download

 

No. 90 "Beta and Biased Beliefs" 
Heiko Jacobs- SUERF Best Paper Prize December 2016 - PDF download

 

No. 89 "Job Mobility Networks and Endogenous Labor Markets" 
Jan Nimczik
 - Econ Job Market Best Paper Award November 2016- PDF download

No. 88 "Optimal density forecast combinations" 
Gergely Gánics - Econ Job Market Best Paper Award November 2016- PDF download

 

No. 87 "Dispersed Information and the Origins of Aggregate Fluctuations" 
Jakob Grazzini e Domenico Massaro MBF Best Paper Award September 2016 - PDF download

 

No. 86 "Proxy-SVAR as a Bridge between Mixed Frequencies” 
Andrea Gazzani e Alejandro Vicondoa - MBF Best Paper Award September 2016 - PDF download

 

No. 85 “Lobbying, Inside and Out: How Special Interest Groups Influence Policy Choices” 
Stephane Wolton – EEA Young Economist Best Paper Award August 2016 – PDF download

 

No. 84 “Financial Intermediation, Resource Allocation, and Macroeconomic Interdependence” 
Galip Kemal Ozhan – EEA Young Economist Best Paper Award August 2016 
– PDF download

 

No. 83 ”How Do Consumers Respond To Transitory Income Shocks? Reconciling Longitudinal Studies and Natural Experiments” 
Jeanne Commault – EEA Young Economist Best Paper Award August 2016 – PDF download

 

No. 82 "Option-implied intra-horizon risk and first-passage disentanglement"
Nikola Vasiljevic and Markus Leippold- Belgrade Young Economists Prize
June 2016 - PDF download

No. 81 "Knowing who you are: the effect of feedback on short and long term outcomes"
Rigissa Megalokonomou and Sofoklis Goulas  - Belgrade Young Economists Prize
June 2016 - PDF download

No. 80 "Top of the Class: The Importance of Ordinal Rank"
Felix Weinhardt and Richard Murphy  - UWIN Best Paper Award on Gender Economics June 2016 - PDF download

No. 79 "Why Are Older Women Missing in India? The Age Profile of Bargaining Power and Poverty"
Rossella Calvi  - UWIN Best Paper Award on Gender Economics
June 2016 - PDF download

No. 78 "Measuring the ECB's Monetary Policy Stance: A Media-Based Automated Approach"
Francesco Pesci - UniCredit Best Paper Award
June 2016 - PDF download

No. 77 "CDO Analytic Pricing with Subordinator Levy Marshall - Olkin Correlation"
Stefano Giovannitti - UniCredit Best Paper Award
June 2016 - PDF download

No. 76 "The (Unintended?) Consequences of the Largest Liquidity Injection Ever"
Miguel Faria-e-Castro, Matteo Crosignani, Luis Fonseca - SUERF Best Paper Prize
December 2015 - PDF download

No. 75 "The Criminal And Labor Market Impacts Of Incarceration"
Michael George Mueller-Smith - Economics of Crime Prize 
November 2015 - PDF download

No. 74 "The Effect Of Social Connectedness On Crime: Evidence From The Great Migration"
Bryan Andrew Stuar And Evan James Taylor - Economics of Crime Prize 
November 2015 - PDF download

No. 73 "The Impact of Early Grading on Academic Choices: Mechanisms and Social Implications"
Luca Facchinello - Econ Job Market Best Paper Award
November  2015 - PDF download

No. 72 "The informational content of prices when policy makers react to financial markets"
Christoph Siemroth - Econ Job Market Best Paper Award
November  2015 - PDF download

 

No. 71 "Sovereign Risk and Bank Risk-Taking"
Anil Ari - MBF Best paper Award 
September 2015 - PDF download

No. 70 "
The existence and persistence of liquidity effects: evidence from a large-scale historical natural experiment"
Nuno Pedro Goncalves Palma - MBF Best paper Award 
September 2015 - PDF download

No. 69 - "If fail, fail less: Banks' decision on systematic vs idiosyncratic risk"

Una Savic - Young Economists Prize
June 2015 – PDF download

No. 68 - “Do financial incentives affect fertility – Evidence from a reform in maternity leave benefits”

Anna Raute - UWIN Best Paper Award
June 2015 – PDF download

No. 67 - “Women's Inheritance Rights and Bargaining Power: Evidence from Kenya”
Maria Flavia Harari - UWIN Best Paper Award
June 2015 – PDF download

No. 66 - "Disguised Discrimination"
Silvia Saccardo and Anastasia Danilov - Best Paper Awards on Economics of Discrimination
June 2015 – PDF download

No. 65 -"Attention Discrimination: Theory and Field Experiments with Monitoring Information Acquisition" 
Vojtěch Bartoš, Michal Bauer, Julie Chytilová and Filip Matějka - Best Paper Awards on Economics of Discrimination
June 2015 – PDF download

No. 64 - “Can Market Risk Perception Drive Inefficient Prices? Theory and Evidence”

Matteo Formenti - UniCredit Best Paper Award
June 2015 – PDF download

No. 63 - “Robust estimators for operational risk: a computationally efficient approach”

Ivan Danesi- UniCredit Best Paper Award
June 2015 – PDF download

No. 62 - Financial Crises and Systemic Bank Runs in a Dynamic Model of Banking
Roberto Robatto -  SUERF
December 2014 - PDF download

No. 61 -  A Dynamic Quantitative Macroeconomic Model of Bank Runs
Ettore Panetti, Elena Mattana - SUERF
December  2014 - PDF download

No. 60 - The Market for Used Capital Endogenous Irreversibility and Reallocation over the Business Cycle
Andrea Lanteri - Economist Job Market Best Paper Award
November 2014 – PDF download

No. 59 - Quantifying network effects in dynamic consumer decisions
Stefan Weiergräber - Economist Job Market Best Paper Award
November 2014 – PDF download

No. 58 -  No Hatred or Malice, Fear or Affection: How do jurors think?
Aurelie Ouss, Arnaud Philippe - Economics of Crime Prize
October 2014 - PDF download

No. 57 - Ethnicity, Migration and Conflict: Evidence from contemporary South Africa
Giorgio Chiovelli, Francesco Amodio - Economics of Crime Prize
October 2014 - PDF download

No. 56 - Contingent Capital Structure
Jing Zeng - Young Economists Prize
June 2014 – PDF download

No. 55 - Why Not Settle Down Already? A Quantitative Analysis of the Delay in Marriage

Cezar Santos e David Weiss - UWIN Best Paper Award
June 2014 – PDF download

No. 54 - For the Love of the Republic. Education, Secularism, and Empowerment
Selim Gulesci ed Erik Meyersson - UWIN Best Paper Award
June 2014 – PDF download

 

No. 53 - Framed Incentives, Selection and Retention of Community Health Promoters in Uganda
Erika Deserranno - Best Paper Awards on Public Organizations
June 2014 – PDF download

 

No. 52 - Optimal Contracting with Endogenous Project Mission
Lea Cassar - Best Paper Awards on Public Organizations
June 2014 – PDF download

 

No. 51 - Regime Shifts in the Effects of Unconventional Monetary Policies on the Corporate Bond Market
Manuela Pedio - UniCredit Best Paper Award
June 2014 – PDF download

 

No. 50 - What Drives Systemic Risk? Political Uncertainty and Contagion in Credit Markets. "Three Essays in Empirical Finance"
Gerardo Manzo - Best PhD Thesis Award 
June 2014 – PDF download

 

No. 49 - Meta-Analysis in International Economics
Tomáš Havránek - Best PhD Thesis Award 
June 2014 – PDF download

 

No. 48 - Innovation-Specific Patent Protection and Growth
Silvia Galli - Best PhD Thesis Award 
June 2014 – PDF download

 

No. 47 - Sovereign Credit Risk Co-movements in the Eurozone: Simple Interdependence or Contagion?
Manuel Buchholz e Lena Tonzer SUERF Research Prize
May 2013 - PDF download

 

No. 46 - Monitoring the supervisors: optimal regulatory architecture in a banking union
Jean-Eduoard Colliard SUERF Research Prize
May 2013 - PDF download

 

No. 45 - Competitiveness in dynamic group contests: Evidence from combined field and lab data
Yann Girard e Florian Hett Best Paper Award on Labor Economics
May 2013 - PDF download

 

No. 44 - Paying is Believing: The Effect of Costly Information on Bayesian Updating
Pedro Robalo e Rei Sayag  - Best Paper Award on Labor Economics
May 2013 - PDF download

 

No. 43 - Asset Correlation in RMBS Reference Portfolios
Marco Geidosch  - UniCredit Best Paper Award
May 2013 - PDF download

 

No. 42 - What Factors affect Behavioral Biases?: Evidence from Turkish Individual Stock Investors
Bülent Tekçe - UniCredit Best Paper Award
May 2013 - PDF download

 

No. 41 - More versus Closer Friends: How Gender Shapes Social Networks and their Effects on Performance
Ilse Lindenlaub e Anja Prummer - UWIN Best Paper Award
May 2013 - PDF download

 

No. 40 - Yours, Mine And Ours: Do Divorce Laws Affect The Intertemporal Behavior Of Married Couples?
Alessandra Voena - UWIN Best Paper Award
May 2013 - PDF download

 

No. 39 - Bounded Rationality and Heterogeneous Expectations in Macroeconomics
Domenico Massaro Best PhD Thesis Award  
May 2013 - PDF download

 

No. 38 - Essays in Mechanism Design
Toomas HinnosaarBest PhD Thesis Award  
May 2013 - PDF download

No. 37 - With Strings Attached: Grandparent- Provided Child care, Fertility, and Female Labor Market Outcomes
Eva García-Morán and Zoë Kuehn - UWIN Best Paper Award  
May 2012 - PDF download

 

No. 36 - The Cost of Acting "Girly" - Gender Stereotypes and Educational Choices
Marta Favara - UWIN Best Paper Award  
May 2012 - PDF download

 

No. 35 - Optimal Capital Structure with Endogenous Bankruptcy: Payouts, Tax Benefits Asymmetry and Volatility Risk
Flavia Barsotti - Best PhD Thesis Award  
May 2012 - PDF download

 

No. 34 - Essays on Natural Experiments in Behavioral Finance and Trade
Wolf Nicolas Sauter - Best PhD Thesis Award  
May 2012 - PDF download

 

No. 33 - Quality Ladders and Nonhomothetic Preferences
Vincenzo Merella - Best PhD Thesis Award  
May 2012 - PDF download

 

No. 32 - Electoral campaigns with strategic candidates: a theoretical and empirical analysis
Elena Manzoni - Best PhD Thesis Award  
May 2012 - PDF download

 

No. 31 - Essays in the Economics of Networks
Edoardo Gallo - Best PhD Thesis Award  
May 2012 - PDF download

 

No. 30 - Quanto Adjustments in the Presence of Stochastic Volatility
Alexander Giese - UniCredit Best Paper Award  
May 2012 - PDF download

 

No. 29 - Consistent Pricing of CMS and CMS Spread Options with SABR-like Distributions and Power-t Copulas
Andreas K.H. Geisselmeyer - UniCredit Best Paper Award  
May 2012 - PDF download

 

No. 28 - Outsourcing innovation and the role of bank debt for SMEs 
Elena d'Alfonso e Silvia Giannangeli - UniCredit Best Paper Award  
May 2012 - PDF download

 

No. 27 - Pay Dispersion and Work Performance  
Alessandro Bucciol e Marco Piovesan - Best Paper Award - The Social Dimension of Organizations  
April 2012

 

No. 26 - Employee Recognition and Performance - A Field Experiment
Christiane Bradler, Robert Dur, Susanne Neckermann e Arjan Non - Best Paper Award - The Social Dimension of Organizations  
April 2012 - PDF download

No. 25 - Gender Quotas, Female Politicians and Public Expenditures: Quasi-Experimental Evidence
Pamela Campa - UWIN Best Paper Award
July 2011 - PDF download

 

No. 24 - An examination of paternal and maternal intergenerational transmission of schooling
Chiara Pronzato - UWIN Best Paper Award
July 2011 - PDF download

 

No. 23 - Rise of the Service Sector and Female Market Work: Europe vs US
Michelle Rendall - UWIN Best Paper Award
July 2011 - PDF download

 

No. 22 - Essays on Dynamic Macroeconomics
Ceyhun Elgin  - Cee Best Phd Thesis Award
May 2011 - PDF download 

 

No. 21 - Political Learning and the Number of Parties: Why Age Matters
Ekaterina Rashkova - Cee Best Phd Thesis Award
May 2011 

 

No. 20 - Carbon Market Implications for New Eu Member States: Empirical Analysis for Hungary
Dora Fazekas - Cee Best Phd Thesis Award
May 2011 - PDF download

 

No. 19 - Essays on Exporting Behavior of Firms and on Inflation Persistence
Branislav Saxa - Cee Best Phd Thesis Award
May 2011 - PDF download

 

No. 18 - Essays on International Migration
Zvezda Dermendzhieva  - Cee Best Phd Thesis Award
May 2011 - PDF download

 

No. 17 – Essays on Educational Institutions and Inequality of Opportunity
Daniel Horn - Cee Best Phd Thesis Award
May 2011 - PDF download

 

No. 16 - Investment and debt maturity: an empirical analysis from Turkey 
Bülent Tekçe - UniCredit Best Paper Award
May 2011 - PDF download

 

No. 15 - The reputational risk impact of internal frauds on bank customers: a case study on UniCredit Group
Ruspantini Daniele e Sordi Alessandra - UniCredit Best Paper Award
May 2011 - PDF download

 

No. 14 - The influence of CSR on the company’s market value – a random effect or the source of outperformance? A Case study of American companies from Global 100 list     Piotr Kazmierkiewicz - UniCredit Best Paper Award
May 2011 - PDF download

 

No. 13 - Real Estate Equities – Real Estate or Equities? 
Alexander Schätz - UniCredit Best Paper Award
May 2011 - PDF download

 

No. 12 - On Primal-Dual Algorithm for Callable Bermudan Options
Jan Maruhn e Max Mair - UniCredit Best Paper Award
May 2011 - PDF download

 

No. 11 - Systemic valuation of banks -interbank equilibrium and contagion 
Grzegorz Halaj - UniCredit Best Paper Award
May 2011 - PDF download

No. 10 -  Forward Bias Trading in Emerging Markets
Manuel Mayer
May 2010 - PDF download  

 

No. 09- Combining VAR forecast densities using fast Fourier transform
Jakub Rysanek
May 2010 - PDF download 

 

No. 08 - Modeling of extremes Application on electricity day-ahead spot prices time series
Igor Paholok
May 2010 - PDF download

 

No. 07 - From Minority Game to Black and Scholes pricing
Matteo Ortisi
May 2010 - PDF download

 

No. 06 - Evidence on the Liquidity Effect in Euro Area Gov. Bond Markets. A Bayesian VAR Analysis
Stephan Maier
May 2010 - PDF download

 

No. 05 - Measuring prepayment risk: an application to UniCredit Family Financing
Matteo Consalvi, Giovanni Scotto di Freca
May 2010 - PDF download

 

No. 04 - A practitioner approach to forecasting cross section and aggregated outcomes
Andrea Brasili
May 2010 - PDF download

 

No. 03 - The Italian Financial Development and the Regional Impact on Growth
Elena D'Alfonso
May 2010 - PDF download

 

No. 02 - Corporate Growth: the Role of Financial Structure
Silvia Giannangeli
May 2010 - PDF download

 

No. 01 - Pricing distressed CDOs with Base Correlation and Stochastic Recovery
Martin Krekel
May 2010 - PDF download