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Energy Consumption, Survey Data and the Prediction of Industrial Production in Italy
Marchetti, Domenico J.; Parigi, Giuseppe - Banca d'Italia - 1998
We investigate the prediction of Italian industrial production. We first specify a model based on electricity consumption; we show that the cubic trend in such a model mostly captures the evolution over time of the electricity coefficient, which can be well approximated by a smooth transition...
Persistent link: https://www.econbiz.de/10005113546
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Energy Consumption, Survey Data and the Prediction of Industrial Production in Italy.
Marchetti, D.J.; Parigi, G. - Banca d'Italia - 1998
We investigate the prediction of Italian industrial production. We first specify a model based on electricity consumption; we show that the cubic trend in such a model mostly captures the evolution over time of the electricity coefficient, which can be well approximated by a smooth transition...
Persistent link: https://www.econbiz.de/10005640937
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The effects of privatization and consolidation on bank productivity: comparative evidence from Italy and Germany
Fiorentino, Elisabetta; Vincenzo, Alessio De; Heid, Frank; … - Banca d'Italia - 2009
directions since then: Italy privatized its publicly-owned banks while Germany has maintained a large share of state … activities have affected banks� productivity in the period 1994-2004, differentiating between technical change, efficiency … change and scale economies. We find that privatized banks experienced a significant increase in productivity, especially if …
Persistent link: https://www.econbiz.de/10008459744
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Mapping local productivity advantages in Italy: industrial districts, cities or both?
Giacinto, Valter Di; Gomellini, Matteo; Micucci, Giacinto; … - Banca d'Italia - 2012
We compare the magnitude of local productivity advantages associated with two different spatial concentration patterns … in Italy � urban areas and industrial districts. The former have high population density and host a wide range of … productivity advantages for both urban areas and industrial districts. However, firms located in urban areas reap a larger …
Persistent link: https://www.econbiz.de/10009650209
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Information technology and productivity changes in the Italian banking industry
Casolaro, Luca; Gobbi, Giorgio - Banca d'Italia - 2004
This paper analyzes the effect of information technologies (IT) in the financial sector using micro-data on a panel of over 600 Italian banks over the period 1989-2000. We estimate stochastic cost and profit functions allowing for individual banks� displacements from the efficient frontier...
Persistent link: https://www.econbiz.de/10005467298
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Skill dispersion and firm productivity; an analysis with employer-employee matched data
Iranzo, Susanna; Schivardi, Fabiano; Tosetti, Elisa - Banca d'Italia - 2006
We study the relation between workers� skill dispersion and firm productivity using a unique dataset of Italian … production function that depends on the skill composition show that a firm�s productivity is positively related to skill …
Persistent link: https://www.econbiz.de/10005113638
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The Seasonal Adjustment of the harmonised Index of Consumer Prices for the Euro Area: a Comparison of Direct and Indirect Methods.
Cristadoro, Riccardo; Sabbatini, Roberto - Banca d'Italia - 2000
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 forecasting of inflation in the euro area. In this paper we seek to verify to what extent the short-term variability of the HICPs can be...
Persistent link: https://www.econbiz.de/10005113568
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Durable goods, price indexes and quality change: an application to automobile prices in Italy, 1988-1998.
Tomat, Gian Maria - Banca d'Italia - 2002
analysis of automobile prices in Italy during the period 1988-1998. …
Persistent link: https://www.econbiz.de/10005770752
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(Fractional) Beta Convergence
Michelacci, Claudio; Zaffaroni, Paolo - Banca d'Italia - 2000
Unit roots in output, an exponential 2 per cent rate of convergence and no change in the underlying dynamics of output seem to be three stylized facts that cannot go together. This paper extends the Solow-Swan growth model allowing for cross-sectional heterogeneity. In this framework, aggregate...
Persistent link: https://www.econbiz.de/10005770774
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Properties of the Monetary Conditions Index
Grande, G. - Banca d'Italia - 1997
In recent years increasing use has been made in monetary policy analysis of the so-called Monetary Conditions Index … (MCI). The index is defined as a linear combination of changes in a short-term real interest rate and in the real effective …, alternatively, on a price index. …
Persistent link: https://www.econbiz.de/10005035847