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Fiscal Policy and Macroeconomic Imbalances
Baldacci, Emanuele; Gupta, Sanjeev; Mulas-Granados, Carlos - Banca d'Italia - 2014
The volume collects the essays presented at the 15th Workshop on Public Finance organised by Banca d'Italia in Perugia from 4 to 6 April 2013. The workshop focused on the link between fiscal policy and macroeconomic imbalances and comprised four sessions. The first session concentrated on the...
Persistent link: https://www.econbiz.de/10011277938
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Why is the Business-Cycle Behavior of Fundamentals Alike Across Exchange-Rate Regimes?
Dedola, Luca; Leduc, Sylvain - Banca d'Italia - 2001
Since the adoption of flexible exchange rates, real exchange rates have been much more volatile than they were under Bretton Woods. However, the volatilities of most other macroeconomic variables have remained approximately unchanged. This poses a puzzle for standard international business cycle...
Persistent link: https://www.econbiz.de/10005609375
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The innovation gap of Italy�s production system: roots and possible solutions
Bugamelli, Matteo; Cannari, Luigi; Lotti, Francesca; … - Banca d'Italia - 2012
The lag in innovation in Italy vis-�-vis the other main industrial countries is one of the effects of the … suitable than debt for financing innovation, is less common than in other countries. Public incentives for firms have had … modest results. To enhance the capacity for innovation some actions should be taken to help firms grow, adopt a more …
Persistent link: https://www.econbiz.de/10011099601
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Does issuing equities help R&D activity? Evidence from unlisted Italian high-tech manufacturing firms
Magri, Silvia - Banca d'Italia - 2014
. Equity is a preferable source of external finance for innovation than debt. It does not require collateral, does not …
Persistent link: https://www.econbiz.de/10011099688
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Collaboration between firms and universities in Italy: the role of a firm�s proximity to top-rated departments
Fantino, Davide; Mori, Alessandra; Scalise, Diego - Banca d'Italia - 2012
low by international standards and Italian firms take out only a small number of patents. External sources of innovation … different innovation sources increases the probability of collaboration; and that proximity is more important for small- and …
Persistent link: https://www.econbiz.de/10011099708
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Italian firms� innovation strategies in 2008-2010
Leandro D�Aurizio; Marinucci, Marco - Banca d'Italia - 2013
The paper describes the innovation strategies of a representative sample of Italian firms participating to the Bank of … able to influence the firms� decision of undertaking the innovation process. Even though R&D expenditure and innovation … extent with the firms� ability to introduce an innovation. Moreover, exporting firms have a higher propensity both to …
Persistent link: https://www.econbiz.de/10011100419
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Potential Output, Output Gap, and Inflation in Italy in the Long Term (1861-2010): An Econometric Analysis
Baffigi, Alberto; Bontempi, Maria Elena; Golinelli, Roberto - Banca d'Italia - 2013
We exploit the new historical national accounts data for Italy over the period 1861-2010, built by Banca d'Italia and Istat, with the collaboration of the University of Rome "Tor Vergata". In the first part of the paper, a thorough study of the new data's statistical properties is presented...
Persistent link: https://www.econbiz.de/10011105101
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Evaluating the impact of innovation incentives: evidence from an unexpected shortage of funds
Blasio, Guido de; Fantino, Davide; Pellegrini, Guido - Banca d'Italia - 2011
To evaluate the effect of an R&D subsidy one needs to know what the subsidized firms would have done without the incentive. This paper studies an Italian programme of subsidies for the applied development of innovations, exploiting a discontinuity in programme financing due to an unexpected...
Persistent link: https://www.econbiz.de/10008865936
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The protection of industrial inventions: analysis of the regulation and policy evaluation.
Sabbatini, Daniele - Banca d'Italia - 2011
The Italian and European regulatory framework for patents would benefit from further improvements in order to foster dynamic competition between Italian firms. At the national level the exclusive allocation of the right to patent inventions to universities, rather than to researchers, would...
Persistent link: https://www.econbiz.de/10009386398
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Evaluating the efficacy of European regional funds for R&D
Fantino, Davide; Cannone, Giusy - Banca d'Italia - 2013
This paper provides some empirical evidence of the impact of two policy measures designed to support innovation in …
Persistent link: https://www.econbiz.de/10011099632