., 2017), we analyze the linkage between banking crises and the business cycle in Italy over the last two centuries. The vast … literature on banking crises in Italy is dominated by the narrative approach. In this work we aim to advance the argument one …

concludes with an empirical application to consumer price inflation in Germany, France and Italy, and re-examines the extent to …

forecast models. In addition to the standard Diebold-Mariano test, we employ tests that account for specific problems typically … encountered in forecast exercises. Specifically, we pay attention to nested model structures, we alleviate the problem of data … snooping arising from multiple pairwise testing, and we analyze the structural stability in the relative forecast performance …