Italian Abstract: Il lavoro analizza come la scelta della valuta di fatturazione usata nelle transazioni internazionali dalle imprese italiane influenzi la trasmissione degli shock sui tassi di cambio alle strategie di prezzo e all’attività d’azienda. Le imprese che fatturano in euro...

Abstract The current Covid-19 pandemic is rapidly calling into question the functioning models of both the economy and society at large that until recently were taken for granted. This challenge is urging scholars and research centres to ponder the perspectives of the globalization process which...

Abstract The current Covid-19 pandemic is rapidly calling into question the functioning models of both the economy and society at large that until recently were taken for granted. This challenge is urging scholars and research centres to ponder the perspectives of the globalization process which...

This paper addresses the issues of economic development and migration of the South Mediterranean countries and the impact that such issues have on European countries, trying to indicate the most appropriate policy. The present work discuss the issues of population and migration that affect the...

In Italy the rate of growth of GDP has declined over the period 2000-2007, after joining the single currency. The decrease is not incidental, but it has a structural and long-term nature, so this decrease relates to the potential growth. This weakening of growth takes place in an international...

This contribution is an analysis and a comment of the Final Remarks of the Governor of the Bank of Italy and his directions of economic policy for the Italian economy. An economy that has a high unemployment and also supports a public debt that, despite the recent efforts of fiscal...

The literature on Markov switching models is increasing and producing interesting results both at theoretical and applied levels. Most often the number of regimes, i.e., of data generating processes, is considered known; this strong hypothesis is adopted to somewhat bypass the nuisance parameter...

In this paper we examine under what circumstances the information accumulated during market closing time and conveyed to the price formation at market opening may be exploited to predict where the stock price will be at the end of the trading day. In our sample of three financial time series, we...

This paper estimates a pricing-to-market equation for Italy over the period 1990-99 with the aim of assessing the degree of exchange rate pass-through (ERPT). As compared to previous works, we minimize aggregation and selection biases using export data on all products (about 700 from 4 digits of...

Italian Abstract: La crisi finanziaria originata nel mercato dei mutui subprime nel 2011 ha contagiato il mercato dei titoli sovrani; la propagazione dei rischi (effetto contagio) è dovuta a cause economiche (i.e. eccessiva spesa pubblica e crescita povera) e per cause finanziarie (i.e....