Italian Abstract: Il presente lavoro analizza la sensitività delle stime del PIL potenziale e dell'output gap utilizzate nel contesto del processo di sorveglianza del Patto di stabilità e crescita. Il metodo di stima è quello della funzione di produzione adottato dalla Commissione europea e...

The release of the World Health Report 2000 has brought to the fore the concept of responsiveness as an indicator of health system performance. Responsiveness relates to a system's ability to respond to the legitimate expectations of potential users about non-health enhancing aspects of care...

The release of the World Health Report 2000 has brought to the fore the concept of re sponsiveness as an indicat or of health system performance . Responsiveness relat es to a system’s ability to respond to the legitimate expectations of potential users about non - health enhancing aspects of...

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...

Financial time series analysis has focused on data related to market trading activity. Next to the modeling of the conditional variance of returns within the GARCH family of models, recent attention has been devoted to other variables: first, and foremost, volatility measured on the basis of...

In this paper we investigate the existence of the economies of scale and density in the Italian water sector, in the period 2005-2007. For this purpose, given the current developments of the reform introduced by the Galli Law, we review the main studies on the cost variables and on the evidence...

We analyze several measures of volatility (realized variance, bipower variation and squared daily returns) as estimators of integrated variance of a continuous time stochastic process for an asset price. We use a Multiplicative Error Model to describe the evolution of each measure as the product...