Italian Abstract: In seguito alla maggiore autonomia conferita alle Regioni dalla riforma costituzionale del 2001 e ai nuovi indirizzi europei provenienti dall'Agenda di Lisbona, l'attività legislativa regionale in tema di innovazione si è intensificata, portando anche a una revisione critica...

This paper introduces a framework to jointly account for the affordability of the periodic repayment of the housing debt (income constraint) and of the initial deposit (budget constraint). An application to 2006-2012 micro-data on Italian households indicates that the improvement in the ability...

This paper depicts – from a variety of viewpoints – the degree of indebtedness and potential financial vulnerabilities of households across the Italian regions. Micro-data from several sources suggest that the financial situation of Italian households shows striking differences at...

This paper presents a comprehensive study of the ESG (Environmental, Social and Governance) bond market which has experienced a dramatic expansion in the last few years and is about to gain an additional boost due to the forthcoming implementation of the Next Generation plan of the European...

We quantify the impact of the Covid-19 pandemic on housing demand of Italian households by exploiting new information on their search activity on the market. The data comes from two unique datasets: the Italian Housing Market Survey, conducted quarterly on a large sample of real estate agents,...

Italian Abstract: In questo lavoro illustriamo le principali fonti di dati e la metodologia per la stima dell’impatto del rischio di alluvione in Italia e forniamo una valutazione del potenziale danno fisico al patrimonio abitativo, individuando le principali carenze nell’attuale set...

Investment in adaptation is a critical strategy to reduce the damages from climate change, yet there is limited evidence about its effectiveness and costs. We exploit the activation of a sea wall to protect the city of Venice from increasingly high tides to provide new evidence on the...

Forecasting house prices is a difficult task given the strong relationship between real estate markets, economic activity and financial stability, but it is an important one. This paper evaluates the out-of-sample forecasting performance of various models of house prices in a quasi-real time...

We provide an analytical framework for assessing financial stability risks arising from the real estate sector in Italy. This framework consists of two blocks: three complementary early warning models (EWMs) and a broad set of indicators related to the real estate market, to credit and to...

Con le riforme costituzionali del 2001 e 2003 le Regioni hanno assunto la potestà di legiferare per rimuovere gli ostacoli all'effettiva parità di genere. Le norme adottate sono spesso frammentate e solo in pochi casi costituiscono un quadro organico; inoltre la diffusa mancanza di previsioni...