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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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The new balance of payments and international investment position statistics: methodology and results
Cappariello, Rita; Ortolani, Giuseppe; Pellegrini, Valeria - Banca d'Italia - 2012
payments and international investment position since the mid-nineties, using the reconstructed series and the new statistics. …
Persistent link: https://www.econbiz.de/10011100410
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Real Exchange Rates, Trade, and Growth: Italy 1861-2011
Nino, Virginia Di; Eichengreen, Barry; Sbracia, Massimo - Banca d'Italia - 2011
What is the relationship between real exchange rate misalignments and economic growth? And what effect, if any, did undervaluations or overvaluations of the lira/euro have on Italy's growth? We address these questions by presenting, first, three main facts: (i) there is a positive relationship...
Persistent link: https://www.econbiz.de/10009364463
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Domestic and foreign sales: complements or substitutes?
Bugamelli, Matteo; Gaiotti, Eugenio; Viviano, Eliana - Banca d'Italia - 2014
How are the dynamics of foreign and domestic sales correlated at the firm level? The question is relevant in that the sign of the correlation shapes the international transmission of shocks and the effects of policy measures. From a theoretical perspective, the correlation could be either zero,...
Persistent link: https://www.econbiz.de/10011105108
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Do firm-bank relationships affect firms' internationalization?
Bonis, Riccardo De; Ferri, Giovanni; Rotondi, Zeno - Banca d'Italia - 2014
. We obtain two main results. First, a longer relationship with the main bank fosters firms' foreign direct investment (FDI …) while it does not affect the export status of the enterprises not engaging in FDI. Second, the probability of a firm …
Persistent link: https://www.econbiz.de/10011105118
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Firm investment and monetary transmission in the euro area
Chatelain, J. B.; Generale, Andrea; Hernando, I.; … - Banca d'Italia - 2001
We present a comparable set of results on the monetary transmission channels on firm investment for the four largest … channel. For each of those countries we estimate neo-classical investment relationships, explaining investment by its user … cost, sales and cash flow. We find investment to be sensitive to user cost changes in all those four countries. This …
Persistent link: https://www.econbiz.de/10005113530
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Investment and Growth in Europe and in the United States in the Nineties
Caselli, Paola; Pagano, Patrizio; Schivardi, Fabiano - Banca d'Italia - 2000
and service sectors on capital stock, investment and value added. Our econometric estimates of an investment function …
Persistent link: https://www.econbiz.de/10005196846
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Assessing the vulnerability of emerging Asia to external demand shocks: the role of China
Marconi, Daniela; Painelli, Laura - Banca d'Italia - 2009
large share of activity in the manufacturing sector is export oriented, we expect fixed capital investment in this sector to … exports on domestic demand for investment. In the last decade China has increased its dependence on external demand … rest of emerging Asia. Since 2001 investment expenditures have represented a key driver of Chinese GDP growth; as a very …
Persistent link: https://www.econbiz.de/10005770792