Working Papers (Temi di discussione)

These papers, aimed at the research community, publish the studies conducted by the Bank of Italy’s researchers or presented by external speakers at seminars held in the Bank. The intention is to make a contribution to academic debate and to receive comments and suggestions that will help further these studies, possibly leading to their publication in academic journals.

The research papers are selected by the editorial committee. The choice of subject and methods of investigation reflect the interests of the researchers.

The opinions expressed and conclusions drawn are those of the authors and do not necessarily reflect the views of the Bank of Italy.

ISSN: 1594-7939 (print); 2281-3950 (online)

Latest publications

  1. 13 October 2025
    No. 1502 - Mafia infiltrations in times of crisis: evidence from the Covid-19 shock
    by Marco Castelluccio and Lucia Rizzica
  2. 13 October 2025
    No. 1501 - The pass-through of cost shocks to firms' prices and profits
    by Fabio Parlapiano
  3. 13 October 2025
    No. 1500 - What drives policy rate expectations? Evidence from the post-pandemic monetary policy cycle
    by Luca Baldo and Marco Bernardini
  4. 13 October 2025
    No. 1499 - Cui prodest? The heterogeneous impact of green bonds on companies' ESG score
    by Alessandro Moro and Andrea Zaghini
  5. 13 October 2025
    No. 1498 - The value of words: evidence from non-financial disclosure regulation
    by Antonio Accetturo, Audinga Baltrunaite, Gianmarco Cariola, Annalisa Frigo and Marco Gallo
  6. 13 October 2025
    No. 1497 - Safer trade among democracies? Downward trade volatility and political regimes (1962-2018)
    by Dario Pellegrino
  7. 13 October 2025
    No. 1496 - Natural disasters and markups
    by Francesco Paolo Conteduca e Ludovic Panon
  8. 13 October 2025
    No. 1495 - Local labour market conditions and electoral behaviour: an instrumental variable approach from Italy
    by Daniel Mele and Alessandro Pietropaoli
  9. 13 October 2025
    No. 1494 - How do immigrants affect local public finances? Evidence from Italian municipalities
    by Rama Dasi Mariani, Anna Maria Mayda, Furio Camillo Rosati and Antonio Sparacino
  10. 13 October 2025
    No. 1493 - Global risk aversion and the term premium gap in emerging market economies
    by Marco Flaccadoro and Stefania Villa