The paper provides an overview of the main statistics produced by the Bank of Italy: financial accounts, monetary statistics, balance of payments, household and business surveys. The volume discusses the problems related to the measurement of economic phenomena, how statistics can be used for...

Italian Abstract: Downloadable document is inQuesto lavoro presenta in un quadro unitario i risultati delle ricerche di recente svolte in Banca d’Italia sul tema dell’internazionalizzazione del nostro sistema produttivo. L’internazionalizzazione è vista non solo come un investimento...

Drawing on data from the Eurosystem's recent Securities Holdings Statistics (SHS) and the IMF's Coordinated Portfolio Investment Survey (CPIS), the paper provides a detailed breakdown of foreign holders of Italian government securities by sector and geographical area. We estimate that euro-area...

We investigate the role of cyclical factors in the adjustment of Italy's external balance from 2010, developing a model that infers the potential levels of domestic demand and of imports and exports from an exogenous measure of potential output, in an internally coherent fashion and also taking...

Motivated by the increasingly large weight of foreign investment funds on the portfolio of Italian residents, this paper provides an estimate of the composition, by instrument and by issuer country, of Italy's portfolio assets after “looking through” cross-border positions in investment...

This paper is a case study of an (almost complete) adjustment of Italy's external stock imbalance. After reaching a peak of around 25 per cent of GDP in early 2014, Italy's net external debtor position has steadily decreased, reaching less than 7 per cent of GDP at the end of 2017. The...

This work assembles a unique bilateral dataset on multinational production in the manufacturing sector, in which value added and factor incomes are broken down by location country and by ultimate owner country. Using this dataset, which covers 44 countries over the years 2004-11, we compute...

In the last decade the Italian economy has underperformed compared both with the previous decades and with the main European countries. It is widely acknowledged that this evolution reflects unresolved structural problems, which have become more urgent in view of the major changes in the world...

Exploiting several highly granular datasets, we compute Italy's goods export market shares at a 5-digit sector of economic activity level over 2010–19 to identify the "market-share gainer" and "loser" sectors in world markets over the past decade, and "stable" sectors, identified residually....

We provide an in-depth analysis of Italy's export performance relative to the other main euro-area countries over the last two decades, using both macro and micro data. We argue that the relatively unsatisfactory performance of Italian goods exports until the eve of the 2008-09 crisis is the...