New releases of Working Papers - 13 October 2025
Today Banca d'Italia has released ten new Working Papers (nn. 1493-1502).
Useful links
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No. 1502 - Mafia infiltrations in times of crisis: evidence from the Covid-19 shock
organized crime, firm performance, Covid-19
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No. 1501 - The pass-through of cost shocks to firms' prices and profits
firms' price setting behaviour, cost shocks, pass-through, economic margins
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No. 1500 - What drives policy rate expectations? Evidence from the post-pandemic monetary policy cycle
monetary policy, VAR, daily data, demand and supply shocks, international spillovers
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No. 1499 - Cui prodest? The heterogeneous impact of green bonds on companies' ESG score
sustainable finance, ESG scores, green bonds, greenium, corporate bonds
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No. 1498 - The value of words: evidence from non-financial disclosure regulation
non-financial disclosure, regulation, corporate accounts, access to credit
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No. 1497 - Safer trade among democracies? Downward trade volatility and political regimes (1962-2018)
trade volatility, international trade history, friendshoring, political regimes, executive constraints
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No. 1496 - Natural disasters and markups
natural disasters, markups, oligopolistic competition, aggregate productivity, misallocation, firm heterogeneity
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No. 1495 - Local labour market conditions and electoral behaviour: an instrumental variable approach from Italy
economic voting, Italian elections, local labour markets, electoral turnout, incumbent support, shift-share IV, participation channel, protest voting
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No. 1494 - How do immigrants affect local public finances? Evidence from Italian municipalities
immigration, welfare state, tax revenues, public expenditures, fiscal effects
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No. 1493 - Global risk aversion and the term premium gap in emerging market economies
sovereign bond spreads, emerging markets, risk aversion, term structure
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