BDIPaper
Downside income risks explain rising euro area saving rates
A Banca d'Italia paper analyzes euro area household saving rates using Consumer Expectations Survey data from 2020 to 2026.
AI Paper Curation
BDIPaper
Well-designed CBDCs boost welfare despite zero remuneration
A new Bank of Italy study demonstrates that a well-designed central bank digital currency can enhance household welfare and preserve monetary sovereignty without paying interest.
BDIPaper
Higher rates and inflation drive post-COVID euro area savings
A Banca d'Italia Occasional Paper examines why euro-area consumption remained weak and saving rates elevated through 2025 despite recovering income.
BDIPaper
Bond common exposures drive risk across Italian financial sectors
A comprehensive Banca d'Italia study mapping Italian financial interconnections between 2019 and 2025 reveals that shared bond holdings create critical indirect contagion channels.
BDIPaper
AI reshapes monetary policy transmission and stability risks
A Banca d'Italia study assesses how artificial intelligence alters monetary policy transmission, liquidity demand, and financial stability risks.
BDIPaper
BDIPaper
Multilayer network reveals Italian financial system interconnections
A Banca d'Italia occasional paper analyzes the Italian financial system from 2019 to 2025 using a multilayer network framework.
BDIPaper
M&A deals reduce Italian firm employment by 4 percent
A Bank of Italy occasional paper examines mergers and acquisitions across Italy and Europe from 2014 to 2024.
BDIPaper
Discretionary spending drives shock transmission in Italy
A Banca d'Italia study shows that the transmission of macroeconomic shocks in Italy depends heavily on whether spending is discretionary and whether it involves goods or services.
BDIPaper
System-wide stress tests reveal hidden financial contagion risks
A new Banca d'Italia Occasional Paper surveys methodologies and empirical evidence on system-wide stress testing.
BISPaper
AI investment surge complicates central bank policy calibration
A new BIS Bulletin examines how the artificial intelligence investment boom is driving economic growth while blurring cyclical signals for central banks.
ECBPaper
Euro area firms widely adopt AI but intensive use lags at 7 percent
Approximately 70 percent of euro area firms report using artificial intelligence, but only 7 percent describe their adoption as significant.