In light of the uncertainty of the effects of population ageing on growth and fiscal variables, it is sensible to ask whether Italy's public finances can achieve sustainability under the spending pressure exerted by future demographic and macroeconomic developments. The paper addresses this...

It is believed that privatizations substantially contributed to boost stock markets through the 1980s and 1990s. However, trough which channels did that materialize? We test whether privatizations -improving households' acquaintance with the risk and return characteristics of stocks through the...

In this paper, we provide a description of the Italian Treasury Econometric Model (ITEM).We illustrate its general structure and model properties, especially with regard to the economy's response to changes in policy and in other dimensions of the economic environment. The model has a quarterly...

It is believed that privatizations substantially contributed to boost stock markets through the 1980s and 1990s. However, through which channels did that materialize? We test whether privatizations - improving households' acquaintance with the risk and return characteristics of stocks through...

The national accounts provide a coherent and exaustive description of the current state of the economy, but are available at the quarterly frequency and are released with a nonignorable publication lag. The paper proposes and illustrates a method for nowcasting and forecasting the sixteen main...