An important element of the macro-prudential analysis is the study of the link between
business cycle fluctuations and banking sector profitability and how this link is affected by …

This paper studies cross-sectional differences in banks interest rates. It adds to the literature
in two ways. First, it analyzes systematically the micro and macroeconomic factors that …

In this paper we estimate the long-run relationship between total factor productivity, R&D,
human capital and public infrastructure between 1980 and 2001 across Italian regions. We …

A comprehensive investigation is provided on the issue of the possible cyclical nature of
banks' behaviour using a large panel of Italian intermediaries over the period 1985 to 2002 …

Abstract Since 2001, the Risk Management Group of the Basel Committee has been
performing specific surveys of banks' operational loss data. The second loss data collection …

We study the relation between workers' skill dispersion and firm productivity using a unique
data set of Italian manufacturing firms with individual records on all their workers. Our …

This paper estimates the effects of technology shocks in VAR models of the US, identified by
imposing restrictions on the sign of impulse responses. These restrictions are consistent with …

The labour market status of many nonworking persons is at the boundary between
unemployment and inactivity. Like the unemployed, they seek and are available for work; …

After an earthquake hit Southern Italy in 1980, young men from certain towns were
exempted from compulsory military service. We show that the exemption raised high-school …

The paper exploits a unique panel, covering some 2,000 Italian manufacturing firms and 14
years of data on individual prices and individual interest rates paid on several types of debt …