The paper investigates the role of domestic and global determinants of euro area core inflation. We analyse the entire conditional distribution of inflation by estimating a Phillips curve type relationship using an expectile regression approach, extended to capture time-varying effects. The main...

This paper studies the short-term and long-term consequences of the COVID-19 pandemic for productivity in Europe. Aggregate and sectoral evidence is complemented by firm-level data-based findings obtained from a large microdistributed exercise. Productivity trends during the COVID-19 pandemic...

The world recession triggered by the financial crisis has impacted with extraordinary violence on economic activity in Italy. What has been the contribution of the various channels through which the crisis was transmitted to the Italian economy? What have been the effects stemming from the...