We use a dynamic general equilibrium model featuring a banking sector to assess the
interaction between macroprudential policy and monetary policy. We find that in “normal” …

Poverty is generally defined as income or expenditure insufficiency, but the economic
condition of a household also depends on its real and financial asset holdings. This paper …

A substantial literature has investigated the role of relationship lending in shielding
borrowers from idiosyncratic shocks. Much less is known about how lending relationships …

In this paper we argue that tax enforcement is an additional contextual factor affecting tax
morale, one of the most important determinants of tax compliance. By using a unique dataset …

In this article, we develop a mixed frequency dynamic factor model in which the disturbances
of both the latent common factor and of the idiosyncratic components have time-varying …

The paper argues that the traditional difficulty encountered in finding evidence on the effects
of credit availability on economic activity depends on the fact that these effects are powerful …

Using data from a large sample of Italian manufacturing firms we provide novel empirical
evidence on the magnitude of local productivity advantages in two types of spatially …

We aim to provide an explanation for the combination of the relatively low female
participation rates and lowest‐low fertility levels in I taly. Starting from the assumption that …

We exploit highly disaggregated bank-firm data to investigate the dynamics of foreign vs
domestic credit supply in Italy around the period of the Lehman collapse, which brought a …

The recent financial crisis is likely to have damaged the potential output of many countries
belonging to the euro area. Moreover, the heterogeneity in long‐run macroeconomic …