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Conference Paper
Why do banks merge? some empirical evidence from Italy
COVID-19: Projected Deaths in the U.S.
This post documents COVID-19-related deaths in a few countries and uses those data to provide projections for the U.S.
Working Paper
Generational accounting: the case of Italy
An examination of the generational imbalance in current Italian fiscal policy, showing that unless dramatic steps are taken soon, future generations' net tax bill will be four or more times the amount that today's newborns are slated to pay.
Is the U.S. Looking Like Italy? Projections on COVID-19 Death Rates
After adjusting for population, daily coronavirus deaths are less in the U.S. than in Italy. However, the U.S. seems to be catching up with Italy on that metric.
Working Paper
EMS interest rate differentials and fiscal policy: a model with an empirical application to Italy
This paper develops a model showing how EMS interest rate differentials are influenced by fiscal policy. For countries like Italy, with large budget deficits, the commitment to a stable EMS exchange rate can entail costly fiscal adjustment. If the government believes these costs to be excessive, it may choose to adopt a more inflationary monetary policy and realign periodically. It is this possibility that the policy of targeting the stable exchange rate will be abandoned in favor of one with periodic EMS realignments that contributes to the interest differential. ; Estimation of the model ...