Bank of Italy http://www.bancaditalia.it The official site of Italy's central bank en Tue, 25 Jun 2019 09:55:29 GMT webmaster@bancaditalia.it (Web Master) webmaster@bancaditalia.it (Web Master) Copyright and all other rights in respect of this website belong to Banca d’Italia; all and any content and information available on this website are legally protected pursuant to copyright legislation. Users may print and save to disk or other support the material on this website for personal use only; it is strictly forbidden to use such material for profit or for any form of financial gain whatsoever. No changes or transformations of any kind may be made to the images and data contained on this website, and the reproduction of the website or any part of it on other websites or on any public or private information system is not permitted without the Bank’s explicit prior written authorization. http://www.rssboard.org/rss-specification No. 1227 - Optimally solving banks' legacy problems http://www.bancaditalia.it/pubblicazioni/temi-discussione/2019/2019-1227/index.html?com.dotmarketing.htmlpage.language=1 /pubblicazioni/temi-discussione/2019 <p>Working papers&nbsp;No. 1227 - Optimally solving banks' legacy problems by Anatoli Segura and Javier Suarez (Center for Monetary and Financial Studies - Cemfi)</p> <p>The paper develops a theoretical model to analyze optimal intervention policies to address banks' legacy problems. [...]</p> Tue, 18 Jun 2019 15:00:00 GMT 0aa22da2-998f-417f-926d-52df851f5532 No. 1222 - Urban agglomerations and firms' access to credit http://www.bancaditalia.it/pubblicazioni/temi-discussione/2019/2019-1222/index.html?com.dotmarketing.htmlpage.language=1 /pubblicazioni/temi-discussione/2019 <p>Temi di discussione (Working Papers) No. 1222 - "Urban agglomerations and firms' access to credit", by Amanda Carmignani, Guido de Blasio, Cristina Demma and Alessio D'Ignazio.</p> <p>"The paper contributes to the literature on the economic advantages of urban agglomerations and examines whether Italian firms headquartered in an urban area have better access to credit.[...]"</p> Tue, 18 Jun 2019 12:52:00 GMT e572f134-04e5-41e2-b82b-ffd17a8f2c66 No. 1224 - Forecasting inflation in the euro area: countries matter! http://www.bancaditalia.it/pubblicazioni/temi-discussione/2019/2019-1224/index.html?com.dotmarketing.htmlpage.language=1 /pubblicazioni/temi-discussione/2019 <p>No. 1224 -&nbsp;Forecasting inflation in the euro area: countries matter! by Angela Capolongo (ECARES, Universit&eacute; Libre de Bruxelles) and Claudia Pacella.</p> <p>The paper aims at forecasting euro area inflation using a medium-scale model that includes variables for the four biggest euro area countries (Germany, Spain, France, and Italy).&nbsp;[...]</p> Tue, 18 Jun 2019 12:54:00 GMT a866e352-04f6-4400-a3e3-eaf748fed6e9 No. 1225 - Domestic and global determinants of inflation: evidence from expectile regression http://www.bancaditalia.it/pubblicazioni/temi-discussione/2019/2019-1225/index.html?com.dotmarketing.htmlpage.language=1 /pubblicazioni/temi-discussione/2019 <p>Temi di discussione (Working Papers) No. 1225 - Domestic and global determinants of inflation: evidence from expectile regression, by Fabio Busetti, Michele Caivano and Davide Delle Monache.</p> <p>"The work analyses the contribution of domestic and foreign determinants to core inflation in the euro area. A Phillips curve type of relationship is estimated for the different quantiles of the inflation distribution during the period 1980-2016 and extended to capture time-varying effects.[...]"</p> Tue, 18 Jun 2019 12:55:00 GMT 07079c68-277a-4840-b49c-faa467553f20 No. 1226 - Relative price dynamics in the euro area: where do we stand? http://www.bancaditalia.it/pubblicazioni/temi-discussione/2019/2019-1226/index.html?com.dotmarketing.htmlpage.language=1 /pubblicazioni/temi-discussione/2019 <p>Temi di discussione (Working Papers) No. 1226 - Relative price dynamics in the euro area: where do we stand?, by Pietro Cova and Lisa Rodano.</p> <p>"We study the determinants of inflation differentials in the euro area by decomposing the overall variability of inflation rates across countries into a common component and two idiosyncratic components, which respectively depend on the dynamics of unit labour costs (ULC) and the markups specific to each country.[...]"</p> Tue, 18 Jun 2019 12:56:00 GMT b1d5b1e6-8ef0-49a4-8e80-1c718a68d2a3 No. 1223 - The international transmission of US tax shocks: a proxy-SVAR approach http://www.bancaditalia.it/pubblicazioni/temi-discussione/2019/2019-1223/index.html?com.dotmarketing.htmlpage.language=1 /pubblicazioni/temi-discussione/2019 <p>No. 1223 -&nbsp;The international transmission of US tax shocks: a proxy-SVAR approach by Luca Metelli and Filippo Natoli.</p> <p>The paper presents an empirical analysis that quantifies the possible effects of a tax shock originating in the United States on domestic and foreign economic activity.&nbsp;[...]</p> Tue, 18 Jun 2019 12:53:00 GMT bf0ee7b7-7db2-4b8d-83ef-220203934018 No. 1221 - Big-city life (dis)satisfaction? The effect of urban living on subjective well-being http://www.bancaditalia.it/pubblicazioni/temi-discussione/2019/2019-1221/index.html?com.dotmarketing.htmlpage.language=1 /pubblicazioni/temi-discussione/2019 <p>Temi di discussione (Working Papers) No. 1221 - "Big-city life (dis)satisfaction? The effect of urban living on subjective well-being", by David Loschiavo.</p> <p>"We analyze the relationship between individuals&rsquo; well-being and the size of the urban area in which they live in Italy.[...]"</p> Tue, 18 Jun 2019 12:51:00 GMT 564ee345-19dd-4427-a1f7-4d2223d894bf