The official site of Italy's central bank

Economics, research and international relations

Underpinning the effective performance of its functions, the Bank undertakes a large amount of economic, financial and legal analysis and research. It provides advice to Parliament and the Government on economic and financial policy matters and contributes to the study of the various subjects. In its relations with abroad, it participates in the activity of the main international monetary and financial organizations.

The analysis and research the Bank undertakes, especially in the economic and statistical fields, contributes to the formulation of the monetary policy of the euro area, to the performance of its other functions, and to the drawing up and assessment of proposals for the various aspects of economic policy.

Of special importance for the formulation of monetary policy is the work aimed at preparing a series of methodological tools for carrying out cyclical analysis and forecasting the main macroeconomic and financial aggregates.

Research in economics and statistics at Banca d'Italia is mainly conducted in the Research Area, divided into four departments: Economic Outlook and Monetary Policy; Structural Studies on the Italian Economy; International Analysis and Relations; Economic and Financial Statistics. Analysis of economic and financial developments in local markets is carried out by the territorial economic research units established in the branches located in every regional capitals.

Most of the research carried out is disseminated in the Bank’s own publications, specialized reviews and volumes published by Italian and foreign publishers. The "External publications" in "Economics and international relations" section contains a list of the works produced since 1990 and published in reviews and books.

Within the framework of international cooperation, the Bank takes part in the activity on monetary and financial issues at European level and, together with the other central banks, in the main multilateral groups and organizations.