effects of different CBDC regimes in a New Keynesian model with a heterogeneous household sector. We consider that a CBDC may … household may hold an unlimited amount of CBDC, (iii) the central bank sets a maximum amount of CBDC each household is allowed … household is allowed to hold. Generally, we find that the introduction of a CBDC increases economy-wide utility as it allows …

, and political communication to suggest explanations for limited household receptiveness to central bank communications …

sovereign risk of Italy over the last five years. More than fifty events concerning non-standard operations are identified and … of Italy. …

Does monetary policy affect household inequality? Does household inequality affect monetary policy transmission? We …

is detrimental to coordinating household expectations. …

Since August 2014 the Target2 liabilities of the Bank of Italy to the Eurosystem are on an upward trend. From August … periphery of the euro area. This explanation is however totally inappropriate for Italy. Indeed this note shows that the bank of … Italy has bought government bonds essentially from domestic investors.Clearly these domestic investors have used the …

Gianni Toniolo was one of Italy's, and Europe's, foremost economic historians. Unfortunately, he suddenly passed away … of Italy, Storia della Banca d'Italia. Tomo I. Formazione ed evoluzione di una banca centrale, 1893-1943 (History of the … Bank of Italy. Part I. Formation and evolution of a central bank, 1893-1943). Toniolo's history of the Bank of Italy …