In this paper we analyse the Harmonised Index of Consumer Prices, which plays a key role in conduct of monetary policy in the euro area. Knowledge of the characteristics of the short-term evolution of consumer prices for each country and for their average is important for better monitoring and...

In this paper we consider several time-varying volatility and/or heavy-tailed models to explain the dynamics of return time series and to fit the volatility smile for exchange-traded options where the underlying is the main �Borsa Italiana� stock index. Given observed prices for the...

The paper compares the quality of Italian Medical schools� freshmen on the basis of the scores obtained in the locally conducted entry exams which are using a common national test frame. The test is quite selective (partly because of the reduced size of the intake yearly allowed): winners...

PISA 2012 included an optional computer-based assessment (CBA) focusing on mathematics, reading skills and problem solving. Italian students performed better in the CBA than in the paper-based assessment (PBA). This was not due to any specific features of the student samples in Italy and in the...

Students� competencies are influenced by a host of factors, including the individual school�s effectiveness. Measuring this contribution is extremely difficult. One way of circumventing the problem is by focusing on changes in competencies over time, i.e. value-added measures. Using...

In the Italian system teachers are allocated to schools according to a seniority-based centralized system with no role of individual schools in attracting, selecting and retaining teachers. Largely because of the rather limited pay scale, seniority-based rights to move to a particular school and...

The paper considers the teachers� labour market in Italy. The quality and motivation of teachers are certainly among the determinants of pupils� achievement, but they are difficult to measure, so we examine the composition of the pool of teachers and their behaviour to infer...

The problems of Italy�s education system mostly stem from its modus operandi and interactions with the expectations of families and students. The recent signs of improvement in Italian students� proficiency, plausibly reflecting greater emphasis on rigour, could be reinforced by making...

This work verifies the consistency of the results of two surveys of Italian students' proficiency: the OECD's Programme for International Student Assessment (PISA) and Italy's national assessment (Invalsi), both conducted in 2012. Focusing especially on the common part of the reference student...

Student performance has been tested by various surveys at the international level in recent years, using different aims and methodologies. On the basis of a comparative analysis, this paper aims to describe the differences in performance between Italian regions, subjects and ages or grades. All...