New releases of Working Papers and Occasional Papers of the Bank of Italy - 18 March 2019

18 March 2019

Today the Bank of Italy has released four new Working papers (No. 1210-1213) and three new Occasional Papers (No. 484-486).

Utility links

No. 486 - The non-standard monetary policy measures of the ECB: motivations, effectiveness and risks
monetary policy, global financial crisis, sovereign debt crisis, deflation, asset purchases
No. 485 - Sources and implications of resource misallocation: new evidence from firm-level marginal products and user costs
total factor productivity, economic development, policy distortions
No. 484 - Economic and regulatory aspects of crypto-assets
bitcoin, "virtual currencies", crypto-assets, blockchain, digital tokens, initial coin offerings, exchanges, accounting principles, prudential regulation
No. 1213 - A regression discontinuity design for categorical ordered running variables applied to central bank purchases of corporate bonds
programme evaluation, regression discontinuity design, asset purchase programmes
No. 1212 - Bank resolution and public backstop in an asymmetric banking union
banking union, bail-in, bail-out, public backstop, mechanism design
No. 1211 - U.S. shale producers: a case of dynamic risk management
dynamic risk management, hedging, derivatives, shale revolution, oil price collapse
No. 1210 - Identification and estimation of triangular models with a binary treatment
copula, endogeneity, policy analysis, quantile regression, unconditional distributional effects