New releases of Working Papers of the Bank of Italy - 5 December 2017

5 December 2017

Today the Bank of Italy has released twelve new Working Papers (No. 1149-1160).

Utility links

No. 1149 - Looking behind the financial cycle: the neglected role of demographics
financial cycle, demographic trends, overlapping generations, housing
No. 1150 - Public investment and monetary policy stance in the euro area
public investment, fiscal policy, monetary policy, euro area
No. 1151 - Fiscal policy uncertainty and the business cycle: time series evidence from Italy
vector autoregression, fiscal policy, uncertainty
No. 1152 - International financial flows and the risk-taking channel
saving glut, banking glut, capital flows, banking leverage, risk-taking channel
No. 1153 - Systemic risk and systemic importance measures during the crisis
G-SIFIs, Systemic risk, too-big-to-fail, financial crisis
No. 1154 - Capital controls, macroprudential measures and monetary policy interactions in an emerging economy
Financial Markets, Monetary Policy, Small Open Economy
No. 1155 - Optimal monetary policy and fiscal interactions in a non-Ricardian economy
optimal monetary policy, fiscal and monetary policy interaction
No. 1156 - Secular stagnation, R&D, public investment and monetary policy: a global-model perspective
DSGE models, secular stagnation, open-economy macroeconomics, public investment, monetary policy
No. 1157 - The CSPP at work: yield heterogeneity and the portfolio rebalancing channel
Quantitative easing, CSPP, corporate bond market, portfolio rebalancing channel
No. 1158 - Targeting policy-compliers with machine learning: an application to a tax rebate programme in Italy
machine learning, prediction, programme evaluation, fiscal stimulus
No. 1159 - Banks' maturity transformation: risk, reward, and policy
banks, profitability, maturity transformation, interest rates, macroprudential, microprudential
No. 1160 - Pairwise trading in the money market during the European sovereign debt crisis
interbank networks, payment systems, sample selection models, two-step estimation, over-the-counter market, money, dyadic model, financial crisis