Narrow search
Showing 1 - 10 of 96
Cover Image
Is there an Equity Premium Puzzle in Italy? A Look at Asset Returns, Consumption and Financial Structure Data over the Last Century
Panetta, Fabio; Violi, Roberto - Banca d'Italia - 1999
fraction of the risk premium for the whole period can be accounted for by the performance following of the hyperinflation … episodes of the wars. However, the risk-return trade-off, owing to much larger volatility, compared unfavourably with other … risk premium. For government securities, this was estimated at around 0.8 percentage points. The inflation risk premium was …
Persistent link: https://www.econbiz.de/10005113669
Cover Image
Regulatory impact assessment at the Bank of Italy
Cannata, Francesco; Libertucci, Massimo; Piersante, … - Banca d'Italia - 2010
attracting increased attention to the expected costs and benefits of such regulation; measures undertaken in response to the …
Persistent link: https://www.econbiz.de/10008764793
Cover Image
Identifying and tracking global, EU and Eurozone systemically important banks with public data
Masciantonio, Sergio - Banca d'Italia - 2013
This paper develops a methodology for identifying systemically important financial institutions based on that developed by the Basel Committee on Banking Supervision (2011) and used by the Financial Stability Board in its yearly G-SIBs identification. The methodology uses publicly available data...
Persistent link: https://www.econbiz.de/10011099597
Cover Image
Money and uncertainty : inflation, interest, indexation ; Banca d'Italia, Roma, 6 novembre 1992
Drèze, Jacques H. - 1993
Persistent link: https://www.econbiz.de/10000877254
Cover Image
Sensitivity of VAR Measures to Different Risk Models
Drudi, F.; Generale, A.; Majnoni, G. - Banca d'Italia - 1997
The paper provides an empirical assessment of the market risk exposure of several portfolios representative of real … life investment positions. We employ the notion of value at risk made popular by the recent debate on capital budgeting …
Persistent link: https://www.econbiz.de/10005640899
Cover Image
Style, Fees and Performance of Italian Equity Funds
Cesari, R.; Panetta, F. - Banca d'Italia - 1998
Using a clustering procedure, we classify Italian funds ex-post on the basis of the composition of their portfolios and find that the optimal number of clusters is equal to 4. The four groups which result from the statistical classification closely match the 4-level aggregation of the 20 ex-ante...
Persistent link: https://www.econbiz.de/10005486714
Cover Image
Durable goods, price indexes and quality change: an application to automobile prices in Italy, 1988-1998.
Tomat, Gian Maria - Banca d'Italia - 2002
may remove the measurement problems associated with quality change. The paper includes an application of the theory to the …
Persistent link: https://www.econbiz.de/10005770752
Cover Image
Endogenous Growth with Intertemporally Dependent Preferences
Ferraguto, Giuseppe; Pagano, Patrizio - Banca d'Italia - 2000
This paper presents an endogenous growth model with intertemporally dependent preferences and "Ak" technology. We derive sufficient conditions for a balanced growth path to be an equilibrium, provide a full characterization of the equilibrium dynamics of the economy, and explore the implications...
Persistent link: https://www.econbiz.de/10005609353
Cover Image
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 aggregation of the behaviour of heterogeneous households, differing from one another in the type of living arrangements and in the characteristics of their members. In order to contribute...
Persistent link: https://www.econbiz.de/10005113518