Using new series of aggregate and disaggregate output, this paper examines the historical pattern of volatility of economic fluctuations in Italy. Results evidence a higher stability in the postwar era, with respect to both the prewar and the interwar periods. Evidence is provided that the...

The delayed release of the National Account data for GDP is an impediment to the early understanding of the economic situation. In the short run, this information gap may be at least partially eliminated by bridge models (BM) which exploit the information content of timely updated monthly...