Bank of Italy

Studies - 2024

G7 Finance Ministers and Central Bank Governors' Statement - Washington, DC, 17 April 2024 (external link)
Angelini at the Conference 'UN Principles for Green Financing for Sustainable Real Estate, Infrastructure and Urban Transformation Projects' Publish date::11 April 2024
ECB updates its climate change-related statistical indicators Publish date::18 April 2024
Sustainable Finance Platform: 2023 Annual Report now online Publish date::19 April 2024
No. 45 - Sustainability at shareholder meetings in France, Germany and Italypdf 4.2 MB (only in Italian) by Tiziana De Stefano, Giuseppe Buscemi and Marco Fanari Publish date::16 February 2024
No. 830 - The insurance coverage against natural risks: a preliminary analysispdf 3.2 MB (only in Italian) by Annalisa Frigo and Andrea Venturini Publish date::01 February 2024
No. 840 - Portfolio decarbonisation strategies: questions and suggestionspdf 2.5 MB by Paolo Angelini Publish date::14 March 2024
No. 831 - Weathering the storm: a characterization of the recent terms-of-trade shock in Italypdf 4.4 MB by Claire Giordano and Enrico Tosti Publish date::12 March 2024
No. 832 - Was Covid-19 a wake-up call on climate risks? Evidence from the greeniumpdf 2.6 MB by Danilo Liberati and Giuseppe Marinelli Publish date::12 March 2024
No. 1443 - Monetary policy under natural disaster shockspdf 3.8 MB by Alessandro Cantelmo, Nikos Fatouros, Giovanni Melina and Chris Papageorgiou Publish date::14 March 2024
No. 37 - Firms' operational risks and insurance coverage - evidence from the Bank of Italy's regional bank lending survey (only in Italian)pdf 220.7 KB Publish date::14 March 2024
2023 Annual Report on the Sustainable Finance Platform (only in Italian)pdf 19.9 MB Publish date::19 April 2024
No. 845 - Improving the energy efficiency of homes in Italy:pdf 3.3 MB the state of the art and some considerations for public intervention by G. de Blasio, R. Fiori, L. Lavecchia, M. Loberto, V. Michelangeli, E. Padovani, E. Pisano, M. L. Rodano, G. Roma, T. Rosolin and P. Tommasino Publish date::19 April 2024
No. 1451 - The impact of hydrogeological events on firms: evidence from Italypdf 3.2 MB by Stefano Clò, Francesco David and Samuele Segoni Publish date::23 April 2024
No. 1453 - Unconventionally greenpdf 2.4 MB by Andrea Zaghini Publish date::23 April 2024

Studies - 2023

No. 1431 - Monetary and fiscal policy responses to fossil fuel price shocks by Anna Bartocci, Alessandro Cantelmo, Pietro Cova, Alessandro Notarpietro and Massimiliano Pisani Temi di discussione (Working papers) Publish date::19 December 2023
No. 826 - Public procurement centralization and energy expenditures: the case of Italian municipalities by Agnese Bafundi and Antonio Sparacino Questioni di Economia e Finanza (Occasional papers) Publish date::14 December 2023
No. 824 - The European energy crisis and the consequences for the global natural gas market by Simone Emiliozzi, Fabrizio Ferriani and Andrea Gazzani Questioni di Economia e Finanza (Occasional papers) Publish date::14 December 2023
Data for Sustainable Transition and Fintech: Challenges and OpportunitiesMilan, Bank of Italy "Centro Convegni" - 15 November 2023 Other Conference Proceedings Publish date::20 November 2023
No. 1429 - Inflation is not equal for all: the heterogenous effects of energy shockspdf 4.0 MB by Francesco Corsello and Marianna Riggi Governor of the Bank of Italy Publish date::17 November 2023
No. 1428 - Natural gas and the macroeconomy: not all energy shocks are alikepdf 2.4 MB by Piergiorgio Alessandri and Andrea Gazzani Governor of the Bank of Italy Publish date::17 November 2023
No. 818 - The capitalization of energy labels into house prices. Evidence from Italypdf 2.7 MB by Michele Loberto, Alessandro Mistretta and Matteo Spuri Governor of the Bank of Italy Publish date::14 November 2023
No. 22 - The economy of the Italian regions - November 2023 (only in Italian)pdf 4.5 MB Short-term dynamics and structural features Publish date::07 November 2023
No. 811 - The green transition and the Italian labour market by Gaetano Basso, Fabrizio Colonna, Domenico Depalo and Graziella Mendicino Questioni di Economia e Finanza (Occasional papers) Publish date::09 October 2023
No. 809 - A First Analysis on the Green Securitizations in Italy by Francesco Cusano, Danilo Liberati, Stefano Piermattei and Lorenzo Rubeo Questioni di Economia e Finanza (Occasional papers) Publish date::09 October 2023
No. 41 - Assessing credit risk sensitivity to climate and energy shocks by Stefano Di Virgilio, Ivan Faiella, Alessandro Mistretta and Simone Narizzano Markets, Infrastructures, Payment Systems Publish date::22 September 2023
Call for papers: Bank of Italy, Bocconi University BAFFI and CEPR conference on 'Financial Stability and Regulation', April 4-5 2024 Publish date::28 August 2023
No. 1420 - Flight to climatic safety: local natural disasters and global portfolio flows by Fabrizio Ferriani, Andrea Gazzani and Filippo Natoli Temi di discussione (Working papers) Publish date::28 July 2023
No. 1419 - Temperatures and search: evidence from the housing market by Michele Cascarano and Filippo Natoli Temi di discussione (Working papers) Publish date::28 July 2023
No. 1418 - Entry, exit, and market structure in a changing climate by Michele Cascarano, Filippo Natoli and Andrea Petrella Temi di discussione (Working papers) Publish date::28 July 2023
No. 787 - Dynamics of temperatures and economic activity in Italy: a long-term analysis by Michele Brunetti, Paolo Croce, Matteo Gomellini and Paolo Piselli Questioni di Economia e Finanza (Occasional papers) Publish date::25 July 2023
No. 776 - The effects of the 2021 energy crisis on medium-sized and large industrial firms: evidence from Italy by Matteo Alpino, Luca Citino and Annalisa Frigo Questioni di Economia e Finanza (Occasional papers) Publish date::16 June 2023
The Governor's Concluding Remarks for 2022pdf 1.8 MB by Ignazio Visco Governor of the Bank of Italy Publish date::31 May 2023
Report on Operations and Activities of the Bank of Italy - Key figures for 2022pdf 1.3 MB (printable version) Publish date::31 May 2023
No. 768 - The impact of flood risk on real estate wealth in Italy by Michele Loberto and Matteo Spuri Questioni di Economia e Finanza (Occasional papers) Publish date::12 May 2023
No. 767 - Thinking the green transition: evidence from the automotive industry by Andrea Orame and Daniele Pianeselli Questioni di Economia e Finanza (Occasional papers) Publish date::26 April 2023
No. 756 - Climate change and Italian agriculture: Evidence from weather shocks by Antonio Accetturo and Matteo Alpino Questioni di Economia e Finanza (Occasional papers) Publish date::18 April 2023
Annual Accounts - Year 2022pdf 4.5 MB Publish date::31 March 2023
Annual report on sustainable investments and climate-related risks for 2022pdf 857.8 KB Publish date::30 March 2023
No. 1407 - The macroeconomic effects of temperature surprise shocks by Filippo Natoli Temi di discussione (Working papers) Publish date::16 March 2023
Conference on ESG and the climate imperative: Regulatory and policy challenges for the banking sector Publish date::09 February 2023
The ECB publishes indicators to assess the impacts of climate change on the financial and monetary sector Publish date::24 January 2023
Workshop on Climate change risk and credit assessmentRome, 21 October 2022 Other Conference Proceedings Publish date::16 January 2023

Studies - 2022

La Banca d'Italia. Funzioni e obiettivi (only in Italian)pdf 7.4 MB 3rd Edition Publish date::27 December 2022
No. 744 - ESG disclosure: regulatory framework and challenges for Italian banks by Tommaso Loizzo and Federico Schimperna Questioni di Economia e Finanza (Occasional papers) Publish date::22 December 2022
No. 743 - Climate change and winter tourism: evidence from Italy by Gioia Maria Mariani and Diego Scalise Questioni di Economia e Finanza (Occasional papers) Publish date::22 December 2022
Banks and firms: initial findings on climate and environmental risk managementpdf 202.8 KB by Giuseppe Siani Head of the Directorate General for Financial Supervision and Regulation Publish date::24 November 2022
No. 1392 - Issuing bonds during the Covid-19 pandemic: is there an ESG premium?pdf 2.5 MB by Fabrizio Ferriani Governor of the Bank of Italy Publish date::23 November 2022
No. 735 - Do house prices reflect climate change adaptation? Evidence from the city on the waterpdf 4.0 MB by Matteo Benetton, Simone Emiliozzi, Elisa Guglielminetti, Michele Loberto and Alessandro Mistretta Governor of the Bank of Italy Publish date::21 November 2022
No. 732 - Data and methods to evaluate climate-related and environmental risks in Italypdf 3.0 MB Publish date::21 November 2022
The financial risks posed by climate change: information gaps and transition planspdf 237.6 KB by Paolo Angelini Deputy Governor of the Bank of Italy Publish date::15 November 2022
The effects of climate change in Italy and the adaptation strategies and the role of insurance companies Other Conference Proceedings Publish date::09 November 2022
Gli effetti dei cambiamenti climatici in Italia: strategie di adattamento e ruolo delle imprese assicurativepdf 155.7 KB (only in Italian) by Paolo Angelini Deputy Governor of the Bank of Italy Publish date::28 October 2022
No. 31 - Insurance coverage against operational risks of Italian companies: some evidencepdf 192.9 KB from the Bank of Italy's survey of Industrial and Service Firms (text in English) by Raffaele Gallo, Giovanni Guazzarotti, Valentina Nigro and Marco Cosconati Governor of the Bank of Italy Publish date::28 October 2022
No. 728 - The effects of climate change on the Italian economy by Matteo Alpino, Luca Citino, Guido de Blasio and Federica Zeni Questioni di Economia e Finanza (Occasional papers) Publish date::19 October 2022
No. 1387 - Unburdening regulation: the impact of regulatory simplification on photovoltaic adoption in Italy by Federica Daniele, Alessandra Pasquini, Stefano Clò and Enza Maltese Temi di discussione (Working papers) Publish date::17 October 2022
No. 720 - Costs and benefits of the green transition envisaged in the Italian NRRP. An evaluation using the Social Cost of Carbon by Matteo Alpino, Luca Citino and Federica Zeni Questioni di Economia e Finanza (Occasional papers) Publish date::12 October 2022
The effects of climate change on the Italian economyRome, 3-4 October 2022 Other Conference Proceedings Publish date::03 October 2022
Report on sustainable investments and climate-related risks for 2021pdf 2.8 MB Publish date::29 July 2022
No. 1377 - "Green" fiscal policy measures and non-standard monetary policy in the euro area by Anna Bartocci, Alessandro Notarpietro and Massimiliano Pisani Temi di discussione (Working papers) Publish date::28 July 2022
No. 29 - Climate risk for Italian banks: an update based on the Regional Bank Lending Survey by Cristina Angelico, Ivan Faiella and Valentina Michelangeli Notes on Financial Stability and Supervision Publish date::28 June 2022
No. 1371 - Mutual fund trading and ESG stock resilience during the Covid-19 stock market crash by Rui Albuquerque, Yrjö Koskinen and Raffaele Santioni Temi di discussione (Working papers) Publish date::22 June 2022
Supervisory expectations for climate-related and environmental riskspdf 1.1 MB Publish date::17 June 2022
Financial Stability Report, No. 1 - 2022 Financial Stability Report Publish date::29 April 2022
No. 688 - Climate change and credit risk: the effect of carbon tax on Italian banks' business loan default rates by Maria Alessia Aiello and Cristina Angelico Questioni di Economia e Finanza (Occasional papers) Publish date::22 April 2022
No. 686 - Will the green transition be inflationary? Expectations matter by Alessandro Ferrari and Valerio Nispi Landi Questioni di Economia e Finanza (Occasional papers) Publish date::22 April 2022
No. 670 - Addressing the sustainability of distributed ledger technology by Carlo Gola and Johannes Sedlmeir Questioni di Economia e Finanza (Occasional papers) Publish date::04 February 2022
No. 1358 - Toward a green economy: the role of central bank's asset purchases by Alessandro Ferrari and Valerio Nispi Landi Temi di discussione (Working papers) Publish date::02 February 2022

Studies - 2012/2020

ESG Risk in times of Covid-19pdf 179.5 KB Publish date::02 July 2020
No. 561 - Mind the gap! Machine learning, ESG metrics and sustainable investment by Ariel Lanza, Enrico Bernardini and Ivan Faiella Questioni di Economia e Finanza (Occasional papers) Publish date::26 June 2020
No. 557 - The carbon footprint of Italian loans by Ivan Faiella and Luciano Lavecchia Questioni di Economia e Finanza (Occasional papers) Publish date::27 April 2020
No. 1259 - Energy costs and competitiveness in Europe by Ivan Faiella and Alessandro Mistretta Temi di discussione (Working papers) Publish date::12 February 2020
No. 457 - Natural catastrophes and bank lending: the case of flood risk in Italy by Ivan Faiella and Filippo Natoli Questioni di Economia e Finanza (Occasional papers) Publish date::01 October 2018
No. 410 - Investing in the electric utilities sector: the implications of carbon risk by Enrico Bernardini, Johnny Di Giampaolo, Ivan Faiella and Riccardo Poli Questioni di Economia e Finanza (Occasional papers) Publish date::29 November 2017
No. 279 - The impact of lower oil prices on energy expenditure and economic activity by Ivan Faiella and Alessandro Mistretta Questioni di Economia e Finanza (Occasional papers) Publish date::11 June 2015
No. 240 - Energy poverty in Italy by Ivan Faiella and Luciano Lavecchia Questioni di Economia e Finanza (Occasional papers) Publish date::19 November 2014
No. 214 - Firms' energy costs and competitiveness in Italy by Ivan Faiella and Alessandro Mistretta Questioni di Economia e Finanza (Occasional papers) Publish date::28 March 2014
No. 206 - Green taxation in Italy: an assessment of a carbon tax on transport by Federico Cingano and Ivan Faiella Questioni di Economia e Finanza (Occasional papers) Publish date::07 October 2013
No. 114 - Costs and benefits of relaunching nuclear energy in Italy by Ivan Faiella and Luciano Lavecchia Questioni di Economia e Finanza (Occasional papers) Publish date::20 February 2012

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Studies - 2024

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