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EMU and the Adjustment to Asymmetric Shocks : The Case of Italy

Amisano, Gianni - 2009

at a time-varying VAR model of Italy's relative performance compared with the rest of the euro area, spanning from 1976 …

Persistent link: https://www.econbiz.de/10013153396

Fast Micro and Slow Macro : Can Aggregation Explain the Persistence of Inflation?

Mojon, Benoît - 2007

An aggregation exercise is proposed that aims at investigating whether the fast average adjustment of the disaggregate inflation series of the euro area CPI translates into the slow adjustment of euro area aggregate inflation. We first estimate a dynamic factor model for 404 inflation...

Persistent link: https://www.econbiz.de/10012777732

Bank Lending and Monetary Transmission in the Euro Area

De Santis, Roberto A. - 2013

in Germany and Italy, which are characterized by a large number of banks; but it is very weak in Spain and more … savings banks with smaller size in Italy. Third, heterogeneity across groups of banks belonging to the same category in any …

Persistent link: https://www.econbiz.de/10013078975

The Italian Block of the Escb Multi-Country Model

Angelini, Elena; D'Agostino, Antonello; McAdam, Peter - 2021

This paper documents the structure, estimation and simulation properties of the Italian block of the ESCB-multi-country model (MCM). The model is used regularly as an input into Eurosystem projection exercises and, to a lesser extent, in simulation analysis. The specification of the Italian...

Persistent link: https://www.econbiz.de/10013317555

Monetary and Fiscal Policy Aspects of Indirect Tax Changes in a Monetary Union

Lipinska, Anna; von Thadden, Leopold - 2021

In recent years a number of European countries have shifted their tax structure more strongly towards indirect taxes, motivated, inter alia, by the intention to foster competitiveness. Against this background, this paper develops a tractable two- country model of a monetary union, characterised...

Persistent link: https://www.econbiz.de/10013316310

The Italian block of the ESCB multi-country model

Angelini, Elena; D’Agostino, Antonello; McAdam, Peter - 2006

Persistent link: https://www.econbiz.de/10011604706

EMU and the adjustment to asymmetric shocks: the case of Italy

Amisano, Gianni; Giammarioli, Nicola; Stracca, Livio - 2009

at a time-varying VAR model of Italy’s relative performance compared with the rest of the euro area, spanning from 1976 …

Persistent link: https://www.econbiz.de/10011605174

Does it pay to have the euro? Italy’s politics and financial markets under the lira and the euro

Fratzscher, Marcel; Stracca, Livio - 2009

’s prosperity. The paper focuses on olitical events in Italy over the past 35 years and asks whether the adoption of the euro in … 1999 has helped insulate Italy’s financial markets from the adverse consequences of its traditionally unstable political … system. We find that important political events have exerted a statistically and economically significant effect on Italy …

Persistent link: https://www.econbiz.de/10011605110

The COVID-19 Crisis and Consumption : Survey Evidence from Six EU Countries

Christelis, Dimitris; Georgarakos, Dimitris; Jappelli, … - 2021

Using new panel data from a representative survey of households in the six largest euro area economies, the paper estimates the impact of the Covid-19 crisis on consumption. The panel provides, each month, household-specific indicators of the concern about finances due to Covid-19 from the first...

Persistent link: https://www.econbiz.de/10013250916

The Role of Counterparty Risk and Asymmetric Information in the Interbank Market

Cappelletti, Giuseppe - 2017

counterparty risk, we compare the funding of Italian banks with that of foreign banks branches and subsidiaries in Italy, which …

Persistent link: https://www.econbiz.de/10012962465