; (ii) the short-term nominal interest rate is set as a linear function of the deviations of inflation and real output from … inflation and output gap projections enlarges the set of interest rate rules associated with stable equilibria and helps agents … stabilize expectations and to speed up the learning process the response of the policy instrument to inflation should be …

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 …

level, after controlling for inflation expectations, and whether it is concentrated among those firms that are more exposed …

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 …