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Analysing financial vulnerability by income group

Acciari, Paolo; Manzoli, Elisabetta; Mocetti, Sauro; … - Banca d'Italia - 2014

In this paper we examine credit market participation and financial vulnerability by income, making use of a large …, mainly as a result of slower debt repayment. Developments differed across income classes: the new borrowers were mainly … concentrated in higher income classes, while the slowdown in debt repayment was more pronounced for the middle and lower income …

Persistent link: https://www.econbiz.de/10011100405

Monetary union with voluntary participation

Fuchs, William; Lippi, Francesco - Banca d'Italia - 2004

A Monetary Union is modeled as a technology that makes a surprise policy deviation impossible but requires voluntarily participating countries to follow the same monetary policy. Within a fully dynamic context, we identify conditions under which such arrangement may dominate a coordinated system...

Persistent link: https://www.econbiz.de/10005113571

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

Leaving home and housing prices. The experience of Italian youth emancipation

Modena, Francesca; Rondinelli, Concetta - Banca d'Italia - 2011

characterized by a sharp increase in both house and rent prices together with stagnant disposable income over the past decade. We …

Persistent link: https://www.econbiz.de/10009320173

Italian households and labour market: structural characteristics and effects of the crisis

Mocetti, Sauro; Olivieri, Elisabetta; Viviano, Eliana - Banca d'Italia - 2010

This analysis aims at studying joblessness and the effect of the economic crisis at the household rather than the individual level. With respect to the main European countries, in Italy the jobless household rate is lower because of the larger household size (the more adults present the lower...

Persistent link: https://www.econbiz.de/10008692069

The problem of increasing fragility in the “financial instability hypothesis” from a Kaleckian perspective

Corbisiero, Gennaro - Banca d'Italia - 1998

The paper offers a critical assessment of the central proposition of the ï¿½ï¿½financial instability hypothesisï¿½ï¿½, i.e. that phases of expansion and investment growth are harbingers of increasing instability that can endogenously generate a financial crisis. As a preliminary, it...

Persistent link: https://www.econbiz.de/10005111561

THE ROLE OF RISK AVERSION IN PREDICTING INDIVIDUAL BEHAVIOR

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

We use household survey data to construct a direct measure of absolute risk aversion based on the maximum price a consumer is willing to pay to buy a risky asset. We relate this measure to a set of consumersï¿½ decisions that in theory should vary with attitude towards risk. We find that...

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

The difficult access to childcare in Italy: the determinants from the supply and the demand side

Zollino, Francesco - Banca d'Italia - 2008

Assembling information from several sources and a drawing on specially designed new survey, this paper finds that the shortfall in the supply of child care facilities remains large with respect to potential demand but is less severe with respect to the effective demand by households in Italy....

Persistent link: https://www.econbiz.de/10005770789

Economic and financial conditions of households in Lombardy

Cannari, Luigi; D'Alessio, Giovanni; Mori, Alessandra - Banca d'Italia - 2011

This paper presents the main findings of the Survey on Household Income and Wealth for the Italian region of Lombardy …

Persistent link: https://www.econbiz.de/10009147376

Parental time and child outcomes. Does gender matter?

Boca, Daniela Del; Mancini, Anna Laura - Banca d'Italia - 2013

Using different econometric specifications this paper analyzes the relationship between the time parents spend with their children, child-related expenditure and the results obtained by them, with particular attention to gender differences. The authors use PSID-CDS data from 1997 to 2007 and...

Persistent link: https://www.econbiz.de/10011100333