The paper explores into the empirical estimates of potential output currently produced by international economic institutions. As for the theoretical foundations of the notion, the paper endeavours to show how the shift from the Keynesian notion of potential output as a ceiling on actual...

Italian Abstract: L'ampliamento del commercio al dettaglio a livello globale, favorito dalla diffusione delle transazioni via Internet (e-commerce), ha indotto il legislatore europeo a rafforzare i presidi di sicurezza nelle operazioni di pagamento online. Questo lavoro si pone l'obiettivo di...

In questo lavoro si ricava la soluzione centralizzata del modello di Uzawa-Lucas in presenza di esternalità. Attraverso una trasformazione che utilizza il rapporto reddito/capitale fisico e il rapporto consumo/capitale fisico, si ottengono informazioni sulle caratteristiche della transizione,...

English Abstract: They can be seen as the sum of a bond and an option (derivative component). The work explores some of the issues for the evaluation of the theoretical value (or fair value) of this type of bonds, providing an order of magnitude of the difference between the issue price (gross...

English abstract: This paper investigates how Covid mobility restrictions impacted the population of investors of the Italian stock market.The research is the result of a collaboration between Consob and the Scuola Normale Superiore di Pisa. The analysis tracks the trading activity of individual...

The increasing use of internal market models for market risk assessment and management promotes, in compliance with Basel II, better risk management practices but introduces at the same time the so called model risk. In the light of the many open issues connected to market risk, the aim of this...