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The effects of the crisis on production potential and household spending in Italy

Author

Listed:
  • Fabio Busetti

    (Bank of Italy)

  • Pietro Cova

    (Bank of Italy)

  • Antonio Maria Conti

    (Bank of Italy)

  • Filippo Scoccianti

    (Bank of Italy)

  • Libero Monteforte

    (Bank of Italy)

  • Giordano Zevi

    (Bank of Italy)

  • Valentina Aprigliano

    (Bank of Italy)

  • Andrea Gerali

    (Bank of Italy)

  • Alberto Locarno

    (Bank of Italy)

  • Alessandro Notarpietro

    (Bank of Italy)

  • Massimiliano Pisani

    (Bank of Italy)

  • Concetta Rondinelli

    (Bank of Italy)

  • Antonio Bassanetti

    (IMF)

  • Lisa Rodano

    (Bank of Italy)

  • Alfonso Rosolia

    (Bank of Italy)

  • Francesco Franceschi

    (Bank of Italy)

  • Silvia Fabiani

    (Bank of Italy)

  • Mario Porqueddu

    (Bank of Italy)

  • Marianna Riggi

    (Bank of Italy)

  • Fabrizio Venditti

    (Bank of Italy)

Abstract

The conference on the impact of the crisis on production potential and household spending in Italy was held in Rome on 5 December 2014. During the conference the results were presented of a research project led by a group of economists from the Bank�s Directorate General for Economics, Statistics and Research. The studies presented document the impact of the crisis on some important macroeconomic variables and verify to what extent these effects have also led to structural changes in the behaviour of households and firms.

Suggested Citation

  • Fabio Busetti & Pietro Cova & Antonio Maria Conti & Filippo Scoccianti & Libero Monteforte & Giordano Zevi & Valentina Aprigliano & Andrea Gerali & Alberto Locarno & Alessandro Notarpietro & Massimili, 2014. "The effects of the crisis on production potential and household spending in Italy," Workshop and Conferences 18, Bank of Italy, Economic Research and International Relations Area.
  • Handle: RePEc:bdi:workpa:sec_18
    as

    Download full text from publisher

    File URL: https://www.bancaditalia.it/pubblicazioni/collana-seminari-convegni/2014-0018/Effetti-crisi-n-18.pdf
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    References listed on IDEAS

    as
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    4. Marianna Riggi & Sergio Santoro, 2015. "On the Slope and the Persistence of the Italian Phillips Curve," International Journal of Central Banking, International Journal of Central Banking, vol. 11(2), pages 157-197, March.
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    6. Nicoletta Berardi & Erwan Gautier & Hervé Le Bihan, 2015. "More Facts about Prices: France Before and During the Great Recession," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 47(8), pages 1465-1502, December.
    7. Fabio Busetti, 2012. "On detecting end-of-sample instabilities," Temi di discussione (Economic working papers) 881, Bank of Italy, Economic Research and International Relations Area.
    8. Luca Benati, 2008. "Investigating Inflation Persistence Across Monetary Regimes," The Quarterly Journal of Economics, Oxford University Press, vol. 123(3), pages 1005-1060.
    9. Huw Dixon & Kul Luintel & Kun Tian, 2020. "The Impact of the 2008 Crisis on UK Prices: What We Can Learn from the CPI Microdata," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 82(6), pages 1322-1341, December.
    10. Fabio Busetti & Lorenzo Forni & Andrew Harvey & Fabrizio Venditti, 2007. "Inflation Convergence and Divergence within the European Monetary Union," International Journal of Central Banking, International Journal of Central Banking, vol. 3(2), pages 95-121, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    industrial production; global financial crisis; sovereign debt crisis; heterogeneity; Italian economy; potential output; bayesian var; financial shocks; sovereign shocks; sovereign risk; fiscal policy;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems

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