The dramatic increase in securitisation activity experienced in Europe in the years following
the introduction of the euro has altered the liquidity, credit and maturity transformation role …

We study sources and consequences of fluctuations in the US housing market. Slow
technological progress in the housing sector explains the upward trend in real housing …

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 surveys recent advances in empirical studies of the monetary transmission
mechanism (MTM), with special attention to Central and Eastern Europe. In particular, while …

This paper analyses the effects of US monetary policy on stock markets. We present
evidence that individual stocks react in a highly heterogeneous fashion to US monetary …

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 …

This paper investigates the relationship between oil prices, global industrial production,
prices, central bank policy interest rate and monetary aggregate with a global factor …

This paper estimates the effects of monetary policy based on a new, extensive real-time
dataset for the United Kingdom. Employing the Romer–Romer identification approach we …

This paper studies the effects of fiscal policy on private GDP, inflation and the long-term
interest rate in Italy using a structural Vector Autoregression model. To this end, a database …

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 …