In this paper we describe the investment behavior of manufacturing firms in Italy between 1995 and 2013 and we … investment using information on firms' demand expectations, uncertainty, and credit constraints, based on the Bank of Italy …

The paper analyzes developments in bank lending in Italy during the financial crisis, assessing the relative … consumption; for firms, a diminution in financing needs, due in turn to the sharp contraction of investment. Credit market …

version of the Bank of Italy Quarterly Model (BIQM), regularly used for forecasting and policy analysis. In particular, we …

various models of house prices in a quasi-real time setting. Focusing on Italy, we consider two structural models (using …

, and monitoring the quality of their exposure until December 2010. The data were drawn from the Bank of Italy's Central …

supply of bank loans in Germany, Italy and Spain, while some demand obstacles arise in France …

Aggregate wages display little cyclicality compared with what a standard model would predict. Wage rigidities are an … allocative efficiency on wages paid across firms. We show that this measure has improved progressively since before the recent … focus on the recent downturn and find that large firms were able to adjust wages more than small firms and that small firms …

into or out of employment. In this paper, we evaluate whether this result holds also for France and Italy, characterized by … and Italy realized job-to-job transitions contribute positively to wage growth. However, since these flows are smaller and …

carried out in Italy. The sovereign debt crisis severely hit the Italian economy, causing a collapse in demand, increased … intensive and the extensive margins) more often than wages. However, wage-setting practices were also affected by the new …

wage measure considered has important consequences for the results. The cyclical response of wages measured by National …