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Investment and Growth in Europe and in the United States in the Nineties

Caselli, Paola; Pagano, Patrizio; Schivardi, Fabiano - Banca d'Italia - 2000

uncertainty in the nineties compared with the previous period. …

Persistent link: https://www.econbiz.de/10005196846

A micro simulation model of demographic development and households' economic behavior in Italy

Ando, Albert; Nicoletti-Altimari, Sergio - Banca d'Italia - 2004

The relationship between the demographic structure and the saving rate of a society is the reflection of the … of the processes generating income, social security wealth, retirement and consumption behaviour of households, and … evolution of aggregate income, saving and asset accumulation over the period 1994-2100. If fertility and mortality assumptions …

Persistent link: https://www.econbiz.de/10005113518

Central bank and government in a speculative attack model

Cappelletti, Giuseppe; Esposito, Lucia - Banca d'Italia - 2013

This paper studies the interaction between monetary and fiscal authorities while investors are coordinating on a speculative attack. The authorities want to achieve specific targets for output and inflation but also to avoid a regime change (i.e. sovereign default). They use the traditional...

Persistent link: https://www.econbiz.de/10011099682

Trust and preferences: evidence from survey data

Albanese, Giuseppe; Blasio, Guido de; Sestito, Paolo - Banca d'Italia - 2013

This paper considers the role of preferences in explaining trust. By using the Bank of Italyï¿½s Survey on Household Income and Wealth (SHIW), the paper shows that time preferences and risk preferences are key covariates of self-reported trust. They both predict negatively a measure of...

Persistent link: https://www.econbiz.de/10011105132

Memory for prices and the euro cash changeover: An analysis for cinema prices in Italy

Cestari, Vincenzo; Giovane, Paolo Del; Rossi-Arnaud, Clelia - Banca d'Italia - 2007

The question addressed by this study is whether consumers remember past prices correctly. We test Italian citizensï¿½ memory for cinema prices with questionnaires distributed to moviegoers. The analysis concentrates on the memory of pre-euro prices, but the recall for a more recent period is...

Persistent link: https://www.econbiz.de/10005770754

THE ROLE OF RISK AVERSION IN PREDICTING INDIVIDUAL BEHAVIOR

Guiso, Luigi; Paiella, Monica - Banca d'Italia - 2005

indicators of risk to individual saving decisions. …

Persistent link: https://www.econbiz.de/10005770780

Portfolio Selection with Monotone Mean-Variance Preferences

Maccheroni, Fabio; Marinacci, Massimo; Rustichini, Aldo; … - Banca d'Italia - 2008

We propose a portfolio selection model based on a class of monotone preferences that coincide with mean-variance preferences on their domain of monotonicity, but differ where mean-variance preferences fail to be monotone and are therefore not economically meaningful. The functional associated to...

Persistent link: https://www.econbiz.de/10005113531

Lending organizational structure and the use of credit scoring: evidence from a survey on Italian banks

Albareto, Giorgio; Benvenuti, Michele; Mocetti, Sauro; … - Banca d'Italia - 2008

This paper examines the results of a survey carried out in 2007 by the Bank of Italy concerning different characteristics of the organization of lending activities. Between 2003 and 2006 the physical distance between the headquarters and the branches increased, the limits to the decision-making...

Persistent link: https://www.econbiz.de/10005113688

The effects of financial and real wealth on consumption: new evidence from OECD countries

Bonis, Riccardo De; Silvestrini, Andrea - Banca d'Italia - 2011

In this paper we present new estimates of the effect of householdsï¿½ financial and real wealth on consumption. The … wealth have a positive effect on consumption. Overall, the influence of net financial assets is stronger than that of real …

Persistent link: https://www.econbiz.de/10009386397

Asking income and consumption questions in the same survey: what are the risks?

Cifaldi, Giulia; Neri, Andrea - Banca d'Italia - 2013

lower than the one relating to consumption. As a consequence, in the survey saving rates are likely to be overestimated. We … be the case for consumption data. Household saving is likely to be overestimated, especially for households in the low …Sample surveys providing high quality information on both total household expenditure (consumption) and income are not …

Persistent link: https://www.econbiz.de/10011099613