Banca d'Italia
BDI
Paper
Climate policy path shocks lower inflation, stance shocks raise it
A Bank of Italy working paper shows that green transition forward guidance cuts EU inflation and output, whereas current stance tightening raises prices.
Focus
BDI
Paper
US green bond share drops to 0.6 percent as greenium turns positive
A Bank of Italy working paper finds that Donald Trump's 2024 re-election triggered a severe demand shock in the US green bond market.
BDI
Paper
AI technology shocks account for 25 percent of GDP swings
A Bank of Italy study finds that artificial intelligence technology shocks act as positive supply shocks, boosting total factor productivity and employment while reducing consumer prices.
Latest
BDI
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Fixed-term contracts and AI shocks lead latest economic research
Banca d'Italia published Issue 83 of its economic research newsletter on July 30, 2026, highlighting studies on artificial intelligence, climate policy transmission, and labor market dynamics across Italy and the euro area.
BDI
Paper
IRB models lower bank risk density and shift credit to large firms
A Bank of Italy study finds that internal credit risk models lower risk-weighted asset density without opportunistic risk underestimation by weak banks.
BDI
Paper
Buffer-stock needs drive 65 percent of Italian temporary hiring
Roughly 65 percent of Italian firms use fixed-term contracts as a buffer stock against revenue volatility, according to research by the Bank of Italy.
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BDI
Paper
Stablecoins offer no systematic cost advantage for remittances
A Banca d'Italia mystery shopping study testing 200 USDC transfers across ten corridors found that stablecoins offer no systematic cost advantage over traditional channels.
BDI
Paper
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.
BDI
Paper
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.
BDI
Press
AI monetary policy impacts and financial stability explored in new papers
Banca d'Italia published eight occasional papers on July 28, 2026, examining artificial intelligence in monetary policy, financial sector interconnectedness, and household consumption dynamics.
BDI
Paper
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.
BDI
Paper
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.