Pietro Cova

Bank of Italy

Via Nazionale 91

Rome, 00184

Italy

SCHOLARLY PAPERS

23

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3,413

TOTAL CITATIONS
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Top 4,271

in Total Papers Citations

476

Scholarly Papers (23)

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1.

Monetary Policy in the Open Economy with Digital Currencies

Bank of Italy Temi di Discussione (Working Paper) No. 1366
Number of pages: 59 Posted: 16 May 2022
Pietro Cova, Alessandro Notarpietro, Patrizio Pagano and Massimiliano Pisani
Bank of Italy, Bank of Italy, Bank of Italy and Bank of Italy
Downloads 356 (182,282)
Citation 2

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digital currency, CBDC, monetary policy, international finance

2.

L’Impatto Macroeconomico Della Crisi Del Debito Sovrano: Un’Analisi Controfattuale Per L’Economia Italiana (The Macroeconomic Impact of the Sovereign Debt Crisis: A Counterfactual Analysis for the Italian Economy)

Bank of Italy Occasional Paper No. 201
Number of pages: 23 Posted: 07 Mar 2014
Fabio Busetti and Pietro Cova
Bank of Italy and Bank of Italy
Downloads 331 (197,312)
Citation 3

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Italian economy, european sovereign debt crisis, forecasting and simulation

3.

Review of Macroeconomic Modelling in the Eurosystem: Current Practices and Scope for Improvement

ECB Occasional Paper No. 2021267
Number of pages: 193 Posted: 23 Sep 2021 Last Revised: 22 Mar 2023
Matthieu Darracq Paries, Alessandro Notarpietro, Juha Kilponen, Niki Papadopoulou, Srecko Zimic, Pierre Aldama, Geert Langenus, Matthieu Lemoine, Elena Angelini, Matija Lozej, Robert-Paul Berben, Fulvia Marotta, Alice Carroy, Julien Matheron, Kai Philipp Christoffel, Carlos Montes-Galdón, Matteo Ciccarelli, Joan Paredes, Agostino Consolo, Agostino Consolo, Massimiliano Pisani, Pietro Cova, Michaela Elfsbacka-Schmöller, Milan Damjanović, Andra Smadu, Gregory Walque, Béla Szörfi, Stéphane Dupraz, Harri Turunen, José Emilio Gumiel, Fabio Verona, Thomas Haertel, Igor Vetlov, Samuel Hurtado, Anders Warne, Paulo Júlio and Anastasia Zhutova
European Central Bank (ECB), Bank of Italy, Bank of Finland - Research, Central Bank of Cyprus, European Central Bank (ECB) - Directorate General Research, Banque de France, National Bank of Belgium, Banque de France, European Central Bank (ECB), Central Bank of Ireland, De Nederlandsche Bank - Monetary and Economic Policy Department, European Central Bank (ECB), European Central Bank (ECB), Banque de France, European Central Bank (ECB), European Central Bank, European Central Bank (ECB), European Central Bank, European Central BankECB, Bank of Italy, Bank of Italy, Bank of Finland, Bank of Slovenia, De Nederlandsche Bank, National Bank of Belgium, European Central Bank (ECB), Banque de France, Bank of Finland, European Central Bank (ECB), Bank of Finland - Research, Deutsche Bundesbank, Deutsche Bundesbank - Economics Department, Banco de España, European Central Bank (ECB), Bank of Portugal and Université Paris I Panthéon-Sorbonne
Downloads 327 (199,921)
Citation 6

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central banking., econometric modelling, forecasting and simulation, monetary policy

4.

New Shocks, Exchange Rates and Equity Prices

Downloads 270 (244,786)
Citation 2

New Shocks, Exchange Rates and Equity Prices

IMF Working Paper No. 08/284
Number of pages: 38 Posted: 18 Dec 2008
Akito Matsumoto, Pietro Cova, Massimiliano Pisani and Alessandro Rebucci
International Monetary Fund (IMF), Bank of Italy, Bank of Italy and Johns Hopkins University - Carey Business School
Downloads 124 (494,936)

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Working Paper

News Shocks and Asset Price Volatility in General Equilibrium

IDB Working Paper No. IDB-WP-252
Number of pages: 38 Posted: 15 Aug 2011
Akito Matsumoto, Pietro Cova, Massimiliano Pisani and Alessandro Rebucci
International Monetary Fund (IMF), Bank of Italy, Bank of Italy and Johns Hopkins University - Carey Business School
Downloads 77 (688,514)
Citation 2

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New Shocks and Asset Price Volatility in General Equilibrium

IMF Working Paper No. 11/110
Number of pages: 35 Posted: 20 May 2011
Akito Matsumoto, Pietro Cova, Massimiliano Pisani and Alessandro Rebucci
International Monetary Fund (IMF), Bank of Italy, Bank of Italy and Johns Hopkins University - Carey Business School
Downloads 69 (733,447)

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Asset prices, Business cycles, Economic models, External shocks, Monetary policy, Productivity, Stock prices

5.

Macroeconomic Effects of China’s Fiscal Stimulus

IDB Working Paper No. 72
Number of pages: 28 Posted: 25 Apr 2011
Pietro Cova, Massimiliano Pisani and Alessandro Rebucci
Bank of Italy, Bank of Italy and Johns Hopkins University - Carey Business School
Downloads 261 (253,291)
Citation 7

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6.

The Implications of Globalisation for the ECB Monetary Policy Strategy

ECB Occasional Paper No. 2021263
Number of pages: 93 Posted: 23 Sep 2021 Last Revised: 18 Nov 2021
David Lodge, Mary Everett, Olivier De Bandt, Georgios Georgiadis, Michele Ca’ Zorzi, Povilas Lastauskas, Juan Carluccio, Susana Parrága, Pietro Cova, Maria Grazia Attinasi, Mirco Balatti Mozzanica, Celestino Giron, Biswajit Banerjee, Vanessa Gunnella, Ursel Baumann, Yannick Hemmerlé, Jean Charles Bricongne, Axel Jochem, Francesco Chiacchio, Kristiina Karjanlahti, Ivan Kataryniuk, Davide Del Giudice, Iikka Korhonen, Clara De Luigi, Markus Kühnlenz, Dimitra Dimitropoulou, Vincent Labhard, Virginia Di Nino, Helena Le Mezo, Ettore Dorrucci, Eric Eichler, Nilsson Mattias, Martin Feldkircher, Chiara Osbat, Thomas Reininger, Sebastian Stumpner, Sebastian Stumpner, Ilona Van Schaik, Martin Schmitz, Helmut Wacket, Roberta Serafini, Tina Zumer and Daniele Siena
European Central Bank (ECB), Central Bank of Ireland, Banque de France, European Central Bank (ECB), European Central Bank (ECB), Center for Excellence in Finance and Economic Research, Banque de France, Banco de España, Bank of Italy, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Národná banka Slovenska, European Central Bank (ECB), European Central Bank (ECB), De Nederlandsche Bank, Banque de France, Deutsche Bundesbank, European Central Bank (ECB), Bank of Finland, Banco de España, European Central Bank (ECB), Bank of Finland - Institute for Economies in Transition (BOFIT), Oesterreichische Nationalbank (OeNB), Deutsche Bundesbank, Bank of Greece, European Central Bank (ECB) - Directorate General Economics, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Vienna School of International Studies, European Central Bank (ECB), Österreichische Nationalbank, Banque de FranceUniversity of Montreal - Department of Economics, De Nederlandsche Bank, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and Banque de France
Downloads 253 (261,438)

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Globalisation, inflation, monetary policy strategy, productivity, r*

7.

The Role of Macroeconomic Policies in the Global Crisis

Bank of Italy Occasional Paper No. 69
Number of pages: 35 Posted: 08 Dec 2010
Pietro Catte, Pietro Cova, Patrizio Pagano and Ignazio Visco
Bank of Italy, Bank of Italy, Bank of Italy and Bank of Italy
Downloads 221 (298,422)
Citation 9

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global imbalances, financial crisis, monetary policy, macroprudential regulation, structural reforms

8.

The Eurosystem's Asset Purchase Programmes for Monetary Policy Purposes

Bank of Italy Occasional Paper No. 270
Number of pages: 22 Posted: 23 May 2015
Pietro Cova and Giuseppe Ferrero
Bank of Italy and Bank of Italy
Downloads 173 (374,216)
Citation 3

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unconventional monetary policy, inflation, monetary policy transmission mechanism, asset purchase programme

9.

Domestic and International Macroeconomic Effects of the Eurosystem Expanded Asset Purchase Programme

Bank of Italy Temi di Discussione (Working Paper) No. 1036
Number of pages: 70 Posted: 12 Feb 2016
Pietro Cova, Patrizio Pagano and Massimiliano Pisani
Bank of Italy, World Bank and Bank of Italy
Downloads 171 (378,149)
Citation 152

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DSGE models, open-economy macroeconomics, non-standard monetary policy, zero lower bound

10.

The Bank of Italy Econometric Model: An Update of the Main Equations and Model Elasticities

Bank of Italy Temi di Discussione (Working Paper) No. 1130
Number of pages: 62 Posted: 22 Sep 2017
Guido Bulligan, Fabio Busetti, Michele Caivano, Pietro Cova, Davide Fantino, Alberto Locarno and Maria Lisa Rodano
Bank of Italy, Bank of Italy, Bank of Italy, Bank of Italy, Bank of Italy, Bank of Italy and Bank of Italy
Downloads 150 (422,853)
Citation 19

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macro-econometric models, Italy, forecasting, policy simulation

11.

Global Macroeconomic Effects of Exiting from Unconventional Monetary Policy

Bank of Italy Temi di Discussione (Working Paper) No. 1078
Number of pages: 56 Posted: 11 Jan 2017
Pietro Cova, Patrizio Pagano and Massimiliano Pisani
Bank of Italy, World Bank and Bank of Italy
Downloads 142 (442,039)
Citation 18

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DSGE models, open-economy macroeconomics, non-standard monetary policy, zero lower bound

12.

Global Imbalances: The Role of Emerging Asia

IMF Working Paper No. 09/64
Number of pages: 42 Posted: 29 Mar 2009
Pietro Cova, Massimiliano Pisani and Alessandro Rebucci
Bank of Italy, Bank of Italy and Johns Hopkins University - Carey Business School
Downloads 124 (492,673)
Citation 2

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Payments imbalances, Asia, Emerging markets, International trade, Productivity, Demand, Balance of payments deficits, Foreign exchange reserves, Economic models, Cross country analysis

13.

Global Imbalances: The Role of Non-Tradable Total Factor Productivity in Advanced Economies

IMF Working Paper No. 09/63
Number of pages: 41 Posted: 29 Mar 2009
Pietro Cova, Massimiliano Pisani, Nicoletta Batini and Alessandro Rebucci
Bank of Italy, Bank of Italy, International Monetary Fund (IMF) and Johns Hopkins University - Carey Business School
Downloads 124 (492,673)

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Payments imbalances, United States, European Union, Japan, Developed countries, Productivity, Balance of trade, Economic models, Time series, Cross country analysis

14.

Foreign Exchange Reserve Diversification and the 'Exorbitant Privilege'

Bank of Italy Temi di Discussione (Working Paper) No. 964
Number of pages: 61 Posted: 18 Nov 2014
Pietro Cova, Patrizio Pagano and Massimiliano Pisani
Bank of Italy, Bank of Italy and Bank of Italy
Downloads 100 (578,417)
Citation 24

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global imbalances, global currency, dynamic general equilibrium modelling

15.

Climate-Related Risks for Italy: An Analysis Based on the Latest NGFS Scenarios

Bank of Italy Occasional Paper No. 847
Number of pages: 30 Posted: 03 Jun 2024
Maria Alessia Aiello, Cristina Angelico, Pietro Cova and Valentina Michelangeli
Bank of Italy, Bank of Italy, Bank of Italy and Bank of Italy
Downloads 76 (683,938)

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NGFS scenarios, climate change, climate stress test, scenario analysis, environmental policy

16.

Secular Stagnation, R&D, Public Investment and Monetary Policy: A Global-Model Perspective

Bank of Italy Temi di Discussione (Working Paper) No. 1156
Number of pages: 56 Posted: 08 Dec 2017
Pietro Cova, Patrizio Pagano, Alessandro Notarpietro and Massimiliano Pisani
Bank of Italy, World Bank, Bank of Italy and Bank of Italy
Downloads 69 (721,667)
Citation 101

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DSGE models, secular stagnation, open-economy macroeconomics, public investment, monetary policy

17.

International Financial Flows and the Risk-Taking Channel

Bank of Italy Temi di Discussione (Working Paper) No. 1152
Number of pages: 46 Posted: 08 Dec 2017
Pietro Cova and Filippo Natoli
Bank of Italy and Bank of Italy
Downloads 65 (744,901)
Citation 114

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saving glut, banking glut, capital flows, banking leverage, risk-taking channel

18.

Reflating Japan: Time to Get Unconventional?

IMF Working Paper No. 16/157
Number of pages: 47 Posted: 09 Dec 2016
Elif C. Arbatli, Dennis P. J. Botman, Kevin Clinton, Pietro Cova, Vitor Gaspar, Zoltan Jakab, Douglas Laxton, Constant Lonkeng Ngouana, Joannes Mongardini and Hou Wang
International Monetary Fund (IMF), International Monetary Fund (IMF) - Fiscal Affairs Department, Government of Canada - Bank of Canada, Bank of Italy, European Commission, International Monetary Fund, International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 65 (744,901)
Citation 1

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Fiscal policy, Japan, Labor markets, Wages, Incomes policy, Fiscal reforms, Unconventional monetary policy instruments, Inflation targeting, Econometric models, Japan; monetary policy; fiscal policy; incomes policy; structural reforms

19.

Relative Price Dynamics in the Euro Area: Where Do We Stand?

Bank of Italy Temi di Discussione (Working Paper) No. 1226, June 2019
Number of pages: 43 Posted: 10 Aug 2019
Pietro Cova and Maria Lisa Rodano
Bank of Italy and Bank of Italy
Downloads 38 (955,640)

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euro area inflation and unit labor costs; EMU; optimum currency area; risk sharing; current account balance

20.

Make-up Strategies and Exchange Rate Pass-through in a Low-Interest-Rate Environment

Bank of Italy Temi di Discussione (Working Paper) No. 1398
Number of pages: 75 Posted: 30 May 2023
Alessandro Cantelmo, Pietro Cova, Alessandro Notarpietro and Massimiliano Pisani
Bank of Italy, Bank of Italy, Bank of Italy and Bank of Italy
Downloads 31 (1,028,255)

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effective lower bound, exchange rate pass-through, local currency pricing, make-up strategies, monetary policy

21.

Protectionism and the Effective Lower Bound in the Euro Area

Bank of Italy Temi di Discussione (Working Paper) No. 1286
Number of pages: 43 Posted: 25 Aug 2020
Pietro Cova, Alessandro Notarpietro and Massimiliano Pisani
Bank of Italy, Bank of Italy and Bank of Italy
Downloads 31 (1,028,255)
Citation 13

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euro area, inflation, tariffs, effective lower bound, DSGE models

22.

Monetary and Fiscal Policy Responses to Fossil Fuel Price Shocks

Bank of Italy Temi di Discussione (Working Paper) No. 1431
Number of pages: 67 Posted: 02 Jun 2024
Anna Bartocci, Alessandro Cantelmo, Pietro Cova, Alessandro Notarpietro and Massimiliano Pisani
Bank of Italy, Bank of Italy, Bank of Italy, Bank of Italy and Bank of Italy
Downloads 30 (1,039,380)

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monetary policy, fiscal policy, dynamic general equilibrium model, euro area, fossil fuel price shocks

23.

Macroeconomic and Environmental Effects of Portfolio Decarbonisation Strategies

Bank of Italy Occasional Paper No. 874
Number of pages: 34 Posted: 08 May 2025
Anna Bartocci, Pietro Cova, Valerio Nispi Landi, Andrea Papetti and Massimiliano Pisani
Bank of Italy, Bank of Italy, Bank of Italy, Bank of Italy and Bank of Italy
Downloads 5 (1,313,761)

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portfolio decarbonisation strategy, financing conditions, green and brown investments, macroeconomic effects