Italian Abstract:Il lavoro analizza le principali tendenze e le caratteristiche strutturali del settore del turismo in Italia, a cui sono riconducibili oltre il 5 per cento del PIL e oltre il 6 per cento dell’occupazione del Paese. Si mostra come negli anni più recenti il sistema turistico...

This paper provides new Bank of Italy indicators of price competitiveness for 62 countries. We refreshed the approach adopted by the Bank in the 1990s but later discontinued in 2005 due to the cumbersome statistical requirements in order to accommodate the significant extension of the original...

The new international standards for national accounts and balance of payments statistics (ESA 2010 and BPM6) introduced a new treatment of goods sent abroad for processing without changing ownership, now considered as an exchange of services. In this paper we explore to what extent this...

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...

Using an extension of the methodology proposed by Koopman, Wang and Wei (2014) for quantifying the domestic value added in a country's exports of manufactures, this paper provides calculations of the market shares in value-added for a number of countries and compares them with the standard...

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...

A comprehensive analysis of price and cost competitiveness warrants an assessment of a range of alternately deflated nominal effective exchange rates. Here, we focus solely on the price-competitiveness indicator currently published by the Bank of Italy (Felettigh et al., 2015), which is based on...