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Democratization and Civic Capital in Italy
Guiso, Luigi; Pinotti, Paolo - Banca d'Italia - 2011
We document a sharp reversal in electoral participation between the North and the South of Italy after the 1912 enfranchisement which extended voting rights from a limited lite to (almost) all adult males. When voting was restricted to the elite, electoral turnout was higher in the South but...
Persistent link: https://www.econbiz.de/10009364465
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The performance of the Italian housing market and its effects on the financial system
Panetta, Fabio; Bianchi, Michele Leonardo; Bofondi, Marcello - Banca d'Italia - 2009
Developments in the real-estate sector are of crucial importance for the business cycle and financial stability. This study analyses developments in the Italian housing market on the basis of both real and financial variables. Following the sharp contraction of the market during the financial...
Persistent link: https://www.econbiz.de/10008474175
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European unemployment : the role of shocks and institutions : il ruolo degli shock e delle istituzioni
Blanchard, Olivier - 2000
Persistent link: https://www.econbiz.de/10001522552
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Where Do Migrants Go? Risk-Aversion, Mobility Costs and the Locational Choice of Migrants. Wage Indexation Bargaining and Inflation.
Drudi, F; Giordano, R - Banca d'Italia - 1996
Price versus productivity indexing is considered in a model of monetary policy with wage bargaining. The wage-indexing rule is negotiated in a first stage of the game between government, union and firm.
Persistent link: https://www.econbiz.de/10005671385
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Strategic Monetary Policy with Non-Atomistic Wage-Setters.
Lippi, F. - Banca d'Italia - 2000
This paper proposes a monetary policy game based on a microfounded general equilibrium model. The approach allows some key features of the policy game to be related to basic technological and preference parameters. Moreover, it shows how results are affected by the presence of non-atomistic...
Persistent link: https://www.econbiz.de/10005780671
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Inflation and Monetary Policy in Italy: Some Recent Evidence
Gaiotti, E.; Gavosto, A.; Grande, G. - Banca d'Italia - 1997
The empirical literature on the transmission of monetary policy to inflation in Italy has stressed the importance of … the exchange rate and, to some extent, of the demand channel; recently, the roles of inflation expectations and the fiscal … situation have been emphasized. This paper uses vector auto-regression to address this issue. The results suggest that inflation …
Persistent link: https://www.econbiz.de/10005780682
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Has globalisation changed the Phillips curve? Firm-level evidence on the effect of activity on prices
Gaiotti, Eugenio - Banca d'Italia - 2008
level, after controlling for inflation expectations, and whether it is concentrated among those firms that are more exposed …
Persistent link: https://www.econbiz.de/10005770766
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Forecasting inflation and tracking monetary policy in the euro area: does national information help?
Cristadoro, Riccardo; Venditti, Fabrizio; Saporito, Giuseppe - Banca d'Italia - 2008
Generalized Dynamic Factor Model to derive a set of core inflation indicators that, combining national with area-wide data, allow …-wide inflation once the information contained in area-wide data has been exploited, and whether it is useful, in order to track ECB …
Persistent link: https://www.econbiz.de/10005609397
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Information variables for monetary policy in a small structural model of the euro area
Lippi, Francesco; Neri, Stefano - Banca d'Italia - 2004
This paper estimates a small New-Keynesian model with imperfect information and optimal discretionary policy using data for the euro area. The model is used to assess the usefulness of monetary aggregates and unit labour costs as information variables for monetary policy. The estimates reveal...
Persistent link: https://www.econbiz.de/10005113646