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Fiscal Policy and Macroeconomic Imbalances
Baldacci, Emanuele; Gupta, Sanjeev; Mulas-Granados, Carlos - Banca d'Italia - 2014
The volume collects the essays presented at the 15th Workshop on Public Finance organised by Banca d'Italia in Perugia from 4 to 6 April 2013. The workshop focused on the link between fiscal policy and macroeconomic imbalances and comprised four sessions. The first session concentrated on the...
Persistent link: https://www.econbiz.de/10011277938
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Prices of residential property in Italy: constructing a new indicator
Muzzicato, Salvatore; Sabbatini, Roberto; Zollino, Francesco - Banca d'Italia - 2008
We present a new indicator of house prices in Italy, with more extensive geographical and time coverage. The new indicator now makes it possible to analyze medium- and long-term trends with satisfactory representation of the Italian housing market. It also allows for timely updating, for prompt...
Persistent link: https://www.econbiz.de/10005467324
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Why is the Business-Cycle Behavior of Fundamentals Alike Across Exchange-Rate Regimes?
Dedola, Luca; Leduc, Sylvain - Banca d'Italia - 2001
Since the adoption of flexible exchange rates, real exchange rates have been much more volatile than they were under Bretton Woods. However, the volatilities of most other macroeconomic variables have remained approximately unchanged. This poses a puzzle for standard international business cycle...
Persistent link: https://www.econbiz.de/10005609375
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Euro area and global oil shocks: an empirical model-based analysis
Forni, Lorenzo; Gerali, Andrea; Notarpietro, Alessandro; … - Banca d'Italia - 2012
economy model with Bayesian methods. Oil price is determined according to supply and demand conditions in the world oil market … driver of higher oil prices is an increase in the rest of the world's aggregate demand, both euro-area GDP and CPI inflation … effects on the euro-area economy because it was associated with positive aggregate demand shocks in the rest of the world …
Persistent link: https://www.econbiz.de/10011099725
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The Seasonality of the Italian Cost-of-Living Index
Cubadda, G.; Sabbatini, R. - Banca d'Italia - 1997
In the case of the consumer price index the importance of a seasonally adjusted measure lies in the possibility of promptly identifying turning points in inflation. The focus of this paper is the so-called "cost-of-living" index, the most used measure of Italian inflation. Our aim is to identify...
Persistent link: https://www.econbiz.de/10005486712
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Potential Output, Output Gap, and Inflation in Italy in the Long Term (1861-2010): An Econometric Analysis
Baffigi, Alberto; Bontempi, Maria Elena; Golinelli, Roberto - Banca d'Italia - 2013
World War I, while in US and UK it was operating already in the mid 19th century. …
Persistent link: https://www.econbiz.de/10011105101
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A core inflation index for the euro area
Cristadoro, Riccardo; Forni, Mario; Reichlin, Lucrezia; … - Banca d'Italia - 2001
This paper proposes an index of core inflation for the euro area which exploits information from a large panel of time series on disaggregated prices, industrial production, labor market indicators, financial and monetary variables. The index is the result of a smoothing operation at both the...
Persistent link: https://www.econbiz.de/10005113620
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The international monetary system : proceedings of a conference organized by the Banca d'Italia
Kenen, Peter B. (ed.); Papadia, Francesco (contributor);  … - 1994 - 1. publ.
Persistent link: https://www.econbiz.de/10000348089
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Banks� Riskiness Over the Business Cicle: a Panel Analysis on Italian Intermediaries
Quagliariello, Mario - Banca d'Italia - 2006
Supervisors and policy makers pay increasing attention to the possible procyclical nature of banks� behaviour. Indeed, to guarantee macro and financial stability, it is important to understand whether, and to what extent, banks are affected by the macroeconomy and second round effects...
Persistent link: https://www.econbiz.de/10005609327