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The Effects of Technology Shocks on Output Fluctuations: An Impulse Response Analysis for the G7 Countries
Fabiani, S. - Banca d'Italia - 1997
Direct and country-specific measures of technical progress are used in order to analyse the effects of technology shocks on output fluctuations in the G7. Technology shocks are measured as the unpredicted component in the dynamics of innovation, on the basis of patent statistics provided by the...
Persistent link: https://www.econbiz.de/10005486719
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The secular stagnation hypothesis: a review of the debate and some insights
Pagano, Patrizio; Sbracia, Massimo - Banca d'Italia - 2014
Recent studies warn that the U.S. economy may return to a phase of secular stagnation. In the next 20 to 50 years, U.S. economic growth will be negatively affected by lower contributions of hours worked and education. But some studies also add that productivity could decelerate sharply and that...
Persistent link: https://www.econbiz.de/10011100391
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Trade, technical progress and the environment: the role of a unilateral green tax on consumption
Marconi, Daniela - Banca d'Italia - 2010
The paper proposes a two-country general equilibrium model of endogenous growth and trade between two regions, North and South, with different environmental standards. Pollution is a by-product of consumption and in order to abate it the northern region unilaterally imposes a green tax on...
Persistent link: https://www.econbiz.de/10008582227
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Technological change and the demand for currency: An analysis with household data
Lippi, Francesco; Secchi, Alessandro - Banca d'Italia - 2008
agents (e.g. ATM card ownership or a high/low density of bank branches, ATMs). The theoretical implications are tested using …
Persistent link: https://www.econbiz.de/10005113516
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Italian mutual banks and the challenge of Basel III
Cannata, Francesco; Giorgio D�Acunto; Allegri, … - Banca d'Italia - 2013
banks are faced with the upcoming Basel III reform. Economic trends continue to exert pressure on the traditional bank …
Persistent link: https://www.econbiz.de/10011100363
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Looking ahead to Basel 3: Italian banks on the move
Cannata, Francesco; Bevilacqua, Marco; Casellina, … - Banca d'Italia - 2013
In December 2010 the Basel Committee on Banking Supervision published a set of new regulations for banks in response to the financial crisis. This paper aims at evaluating the possible effects of the new framework on banks� available regulatory capital and risk-weighted assets and assessing...
Persistent link: https://www.econbiz.de/10011100377
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Bank risk and monetary policy
Altunbas, Yener; Gambacorta, Leonardo; David … - Banca d'Italia - 2009
We find evidence of a bank lending channel for the euro area operating via bank risk. Financial innovation and the new … ways to transfer credit risk have tended to diminish the informational content of standard bank balance-sheet indicators …. We show that bank risk conditions, as perceived by financial market investors, need to be considered, together with the …
Persistent link: https://www.econbiz.de/10004962187
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Macroeconomic uncertainty and banks' lending decisions: The case of Italy
Quagliariello, Mario - Banca d'Italia - 2007
This paper discusses the role that macroeconomic uncertainty plays in banks� decisions on the optimal asset allocation. Using a portfolio model recently proposed in the literature, the paper aims at disentangling how Italian banks choose between loans and risk-free assets when uncertainty...
Persistent link: https://www.econbiz.de/10005609339
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Regulatory impact assessment at the Bank of Italy
Cannata, Francesco; Libertucci, Massimo; Piersante, … - Banca d'Italia - 2010
at the Bank of Italy, proving to be a useful tool not only to refine the rules being adopted, but also to strengthen the …
Persistent link: https://www.econbiz.de/10008764793