Alessandro Notarpietro

Bank of Italy

Via Nazionale 91

Rome, 00184

Italy

SCHOLARLY PAPERS

37

DOWNLOADS
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Top 22,211

in Total Papers Downloads

4,404

SSRN CITATIONS
Rank 1,782

SSRN RANKINGS

Top 1,782

in Total Papers Citations

705

CROSSREF CITATIONS

277

Scholarly Papers (37)

1.

Low Inflation in the Euro Area: Causes and Consequences

ECB Occasional Paper No. 181
Number of pages: 89 Posted: 03 Feb 2017
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Banque de France, European Central Bank (ECB), European Central Bank (ECB) - Directorate General Research, Bank of Italy, European Central Bank (ECB) and National Bank of Belgium
Downloads 1,121 (37,347)
Citation 55

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low inflation, Phillips curve, inflation expectations, unconventional monetary policy

2.

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
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 - Research Department, 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 260 (222,417)
Citation 6

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

3.

The Evolution of Bad Debts in Italy During the Global Financial Crisis and the Sovereign Debt Crisis: A Counterfactual Analysis

Bank of Italy Occasional Paper No. 350
Number of pages: 15 Posted: 02 Feb 2017
Alessandro Notarpietro and Maria Lisa Rodano
Bank of Italy and Bank of Italy
Downloads 255 (226,822)
Citation 5

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business cycle, global financial crisis, sovereign debt crisis, banking, Italian economy

4.

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 240 (242,683)
Citation 2

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digital currency, CBDC, monetary policy, international finance

5.

An Inquiry into the Determinants of the Profitability of Italian Banks

Bank of Italy Occasional Paper No. 364
Number of pages: 43 Posted: 15 Feb 2017
Ugo Albertazzi, Alessandro Notarpietro and Stefano Siviero
ECB -DG Monetary Policy, Bank of Italy and Bank of Italy
Downloads 238 (242,683)
Citation 10

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bank profits, bank capital, non-performing loans, Italian banks, Italian economy

6.

Inflation Expectations in the Euro Area: Indicators, Analyses and Models Used at Banca d’Italia

Bank of Italy Occasional Paper No. 612
Number of pages: 28 Posted: 24 May 2021
Bank of Italy, Bank of Italy, Bank of Italy, Bank of Italy, Bank of Italy, Bank of Italy and Bank of Italy
Downloads 229 (251,847)
Citation 6

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inflation expectations, anchoring, surveys

7.

Monetary Policy and Housing Prices in an Estimated DSGE for the US and the Euro Area

ECB Working Paper No. 972
Number of pages: 69 Posted: 29 Nov 2008
Matthieu Darracq Paries and Alessandro Notarpietro
European Central Bank (ECB) and Bank of Italy
Downloads 179 (315,481)
Citation 8

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Housing, credit frictions, optimal monetary policy, new open economy macro-economics, Bayesian estimation

8.

The COVID-19 Shock and a Fiscal-Monetary Policy Mix in a Monetary Union

Bank of Italy Temi di Discussione (Working Paper) No. 1313
Number of pages: 61 Posted: 14 Apr 2021
Anna Bartocci, Alessandro Notarpietro and Massimiliano Pisani
Bank of Italy, Bank of Italy and Bank of Italy
Downloads 118 (441,868)

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monetary policy, fiscal policy, effective lower bound

9.

Challenges for Monetary and Fiscal Policy Interactions in the Post-Pandemic Era

ECB Occasional Paper No. 2024/337
Number of pages: 114 Posted: 05 Feb 2024
De Nederlandsche Bank, European Central Bank (ECB), Bank of Portugal, Banque de France, European Central Bank (ECB), Bank of Latvia, Bank of Portugal, European Central Bank (ECB), Banco de España, Bank of Finland, European Central Bank (ECB), Banco de España, Kiel Institute for the World Economy, Banque de France, De Nederlandsche Bank, Bank of Finland, Deutsche Bundesbank - Research Centre, Croatian National Bank, Bank of Italy, Bank of Greece, Central Bank of Ireland, Česká národní banka, Central Bank of Ireland, Bank of Greece, National Bank of Slovakia, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) - Directorate General Economics, European Central Bank (ECB), European Central Bank (ECB), Warsaw School of Economics (SGH), Banco de España, Warsaw School of Economics (SGH), Banco de España, Sapienza University of Rome and Geneva Graduate Institute
Downloads 116 (447,547)

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fiscal policy, monetary policy, public investment

10.

“Green” fiscal policy measures and non-standard monetary policy in the euro area

Bank of Italy Temi di Discussione (Working Paper) No. 1377
Number of pages: 68 Posted: 07 Dec 2022
Anna Bartocci, Alessandro Notarpietro and Massimiliano Pisani
Bank of Italy, Bank of Italy and Bank of Italy
Downloads 103 (488,147)

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environmental policy, energy policies, dynamic general equilibrium model, fiscal policy, monetary policy, euro area

11.

Banks’ Balance Sheets and the Macroeconomy in the Bank of Italy Quarterly Model

Bank of Italy Occasional Paper No. 135
Number of pages: 34 Posted: 17 Nov 2012
Claudia Miani, Giulio Nicoletti, Alessandro Notarpietro and Massimiliano Pisani
Single Resolution Board, European Central Bank (ECB), Bank of Italy and Bank of Italy
Downloads 101 (494,741)
Citation 1

Abstract:

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bank regulatory capital, loan interest rates, Italian economy

12.

Inflation, Debt and the Zero Lower Bound

Bank of Italy Occasional Paper No. 242
Number of pages: 16 Posted: 25 Mar 2015
Stefano Neri and Alessandro Notarpietro
Bank of Italy and Bank of Italy
Downloads 100 (498,158)
Citation 9

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zero lower bound, monetary policy, disinflation, debt-deflation channel

13.

Macroeconomic Effects of Non-Standard Monetary Policy Measures in the Euro Area: The Role of Corporate Bond Purchases

Bank of Italy Temi di Discussione (Working Paper) No. 1136
Number of pages: 50 Posted: 12 Oct 2017
Anna Bartocci, Lorenzo Burlon, Alessandro Notarpietro and Massimiliano Pisani
Bank of Italy, European Central Bank (ECB), Bank of Italy and Bank of Italy
Downloads 94 (518,579)
Citation 18

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DSGE models, financial frictions, open-economy macroeconomics, non-standard monetary policy, corporate bonds, forward guidance, euro area

14.

Medium-Term Forecasting of Euro-Area Macroeconomic Variables with DSGE and BVARX Models

Bank of Italy Occasional Paper No. 257
Number of pages: 21 Posted: 18 Apr 2015
Lorenzo Burlon, Simone Emiliozzi, Alessandro Notarpietro and Massimiliano Pisani
European Central Bank (ECB), Bank of Italy, Bank of Italy and Bank of Italy
Downloads 94 (518,579)

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forecasting, DSGE, BVARX, euro area

15.

The Effects of Structural Reforms: Evidence from Italy

Bank of Italy Temi di Discussione (Working Paper) No. 1303
Number of pages: 56 Posted: 10 Dec 2020
Sauro Mocetti, Emanuela Ciapanna and Alessandro Notarpietro
Bank of Italy, Bank of Italy and Bank of Italy
Downloads 91 (529,362)
Citation 16

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structural reforms, DSGE models, liberalization, innovation, civil justice

16.

The Macroeconomic Effects of Low and Falling Inflation at the Zero Lower Bound

Bank of Italy Temi di Discussione (Working Paper) No. 1040
Number of pages: 49 Posted: 12 Feb 2016
Stefano Neri and Alessandro Notarpietro
Bank of Italy and Bank of Italy
Downloads 91 (529,362)
Citation 21

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DSGE models, zero lower bound, debt-deflation channel, downward nominal wage rigidities

17.

Optimal Monetary Policy Rules and House Prices: The Role of Financial Frictions

Bank of Italy Temi di Discussione (Working Paper) No. 993
Number of pages: 1 Posted: 28 Feb 2015
Alessandro Notarpietro and Stefano Siviero
Bank of Italy and Bank of Italy
Downloads 87 (544,479)
Citation 13

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Optimal simple interest rate rules, Housing, Credit frictions

18.

Euro Area and Global Oil Shocks: An Empirical Model-Based Analysis

Bank of Italy Temi di Discussione (Working Paper) No. 873
Number of pages: 61 Posted: 02 Oct 2012
Lorenzo Forni, Andrea Gerali, Alessandro Notarpietro and Massimiliano Pisani
International Monetary Fund (IMF), Bank of Italy, Bank of Italy and Bank of Italy
Downloads 81 (568,632)
Citation 29

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oil shocks, DSGE modelling, open-economy macroeconomics, Bayesian inference, euro area

19.

Public Investment and Monetary Policy Stance in the Euro Area

Bank of Italy Temi di Discussione (Working Paper) No. 1150
Number of pages: 58 Posted: 08 Dec 2017
Lorenzo Burlon, Alberto Locarno, Alessandro Notarpietro and Massimiliano Pisani
European Central Bank (ECB), Bank of Italy, Bank of Italy and Bank of Italy
Downloads 66 (636,505)
Citation 12

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public investment, fiscal policy, monetary policy, euro area

20.

Non-Standard Monetary Policy, Asset Prices and Macroprudential Policy in a Monetary Union

Bank of Italy Temi di Discussione (Working Paper) No. 1089
Number of pages: 70 Posted: 09 Feb 2017
Lorenzo Burlon, Andrea Gerali, Alessandro Notarpietro and Massimiliano Pisani
European Central Bank (ECB), Bank of Italy, Bank of Italy and Bank of Italy
Downloads 64 (646,747)
Citation 113

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

21.

Sovereign Risk, Monetary Policy and Fiscal Multipliers: A Structural Model-Based Assessment

Bank of Italy Temi di Discussione (Working Paper) No. 943
Number of pages: 68 Posted: 15 Mar 2014
Alberto Locarno, Alessandro Notarpietro and Massimiliano Pisani
Bank of Italy, Bank of Italy and Bank of Italy
Downloads 62 (657,141)
Citation 31

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fiscal multiplier, monetary policy, zero lower bound, sovereign risk

22.

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 60 (667,763)
Citation 101

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

23.

Exchange Rate Pass-Through into Euro Area Inflation. An Estimated Structural Model

Bank of Italy Temi di Discussione (Working Paper) No. 1192, September 2018
Number of pages: 65 Posted: 09 Jul 2019
Lorenzo Burlon, Alessandro Notarpietro and Massimiliano Pisani
European Central Bank (ECB), Bank of Italy and Bank of Italy
Downloads 59 (673,327)
Citation 16

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exchange rate, import prices, pass-through, monetary policy, euro area

24.

Macroeconomic Effectiveness of Non-Standard Monetary Policy and Early Exit. A Model-Based Evaluation

Bank of Italy Temi di Discussione (Working Paper) No. 1074
Number of pages: 50 Posted: 10 Nov 2016
Lorenzo Burlon, Andrea Gerali, Alessandro Notarpietro and Massimiliano Pisani
European Central Bank (ECB), Bank of Italy, Bank of Italy and Bank of Italy
Downloads 59 (673,327)
Citation 35

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

25.

Macroeconomic Effects of Simultaneous Implementation of Reforms after the Crisis

Bank of Italy Temi di Discussione (Working Paper) No. 997
Number of pages: 65 Posted: 28 Feb 2015
Andrea Gerali, Alessandro Notarpietro and Massimiliano Pisani
Bank of Italy, Bank of Italy and Bank of Italy
Downloads 58 (678,775)
Citation 43

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competition, fiscal policy, markups, monetary policy, public debt, spread

26.

Structural Reforms and Zero Lower Bound in a Monetary Union

Bank of Italy Temi di Discussione (Working Paper) No. 1002
Number of pages: 46 Posted: 24 Apr 2015
Andrea Gerali, Alessandro Notarpietro and Massimiliano Pisani
Bank of Italy, Bank of Italy and Bank of Italy
Downloads 57 (684,267)
Citation 28

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competition, markups, monetary policy, zero lower bound

27.

Inflation, Financial Conditions and Non-Standard Monetary Policy in a Monetary Union. A Model-Based Evaluation

Bank of Italy Temi di Discussione (Working Paper) No. 1015
Number of pages: 56 Posted: 19 Aug 2015
Lorenzo Burlon, Andrea Gerali, Alessandro Notarpietro and Massimiliano Pisani
European Central Bank (ECB), Bank of Italy, Bank of Italy and Bank of Italy
Downloads 53 (707,451)
Citation 30

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

28.

Monetary Policy Strategies in the New Normal: A Model-Based Analysis for the Euro Area

Bank of Italy Temi di Discussione (Working Paper) No. 1308
Number of pages: 49 Posted: 14 Apr 2021
Fabio Busetti, Stefano Neri, Massimiliano Pisani and Alessandro Notarpietro
Bank of Italy, Bank of Italy, Bank of Italy and Bank of Italy
Downloads 52 (713,590)

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monetary policy, natural interest rate, effective lower bound

29.

Macroeconomic Effects of an Open-ended Asset Purchase Programme

Bank of Italy Temi di Discussione (Working Paper) No. 1185, July 2018
Number of pages: 43 Posted: 09 Jul 2019
Lorenzo Burlon, Alessandro Notarpietro and Massimiliano Pisani
European Central Bank (ECB), Bank of Italy and Bank of Italy
Downloads 50 (726,142)
Citation 69

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central bank communication, open-ended announcement, non-standard monetary policy, DSGE models, open-economy macroeconomics, euro area

30.

Every Cloud Has a Silver Lining. The Sovereign Crisis and Italian Potential Output

Bank of Italy Temi di Discussione (Working Paper) No. 1010
Number of pages: 46 Posted: 19 Aug 2015
Andrea Gerali, Alberto Locarno, Alessandro Notarpietro and Massimiliano Pisani
Bank of Italy, Bank of Italy, Bank of Italy and Bank of Italy
Downloads 46 (751,898)
Citation 102

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sovereign risk, fiscal policy, potential output

31.

Revisiting Monetary Policy Objectives and Strategies: International Experience and Challenges from the ELB

Bank of Italy Occasional Paper No. 660
Number of pages: 33 Posted: 24 Jan 2022
Martina Cecioni, Adriana Grasso, Alessandro Notarpietro and Massimiliano Pisani
Bank of Italy, Bank of Italy, Bank of Italy and Bank of Italy
Downloads 31 (865,793)
Citation 1

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central banking, monetary policy rules, effective lower bound

32.

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 26 (910,447)
Citation 13

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

33.

Macroeconomic Effects of Growth-Enhancing Measures in the Euro Area

Bank of Italy Temi di Discussione (Working Paper) No. 1384
Number of pages: 52 Posted: 03 Feb 2023
Alessandro Cantelmo, Alessandro Notarpietro and Massimiliano Pisani
Bank of Italy, Bank of Italy and Bank of Italy
Downloads 23 (939,107)

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endogenous growth, R&D spending, new keynesian model, monetary policy, euro area

34.

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 21 (969,378)

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

35.

Approaching the Terminal Rate and the Way Forward: A Model-based Analysis

Bank of Italy Occasional Paper No. 791
Number of pages: 19 Posted: 03 Jun 2024
Bank of Italy, Bank of Italy, Bank of Italy, Bank of Italy, Bank of Italy and Bank of Italy
Downloads 10 (1,073,026)

Abstract:

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Central banking, monetary policy

36.

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
Bank of Italy, Bank of Italy, Bank of Italy, Bank of Italy and Bank of Italy
Downloads 5 (1,120,688)

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

37.

Monetary Policy Tightening in Response to Uncertain Stagflationary Shocks: A Model-Based Analysis

Bank of Italy Temi di Discussione (Working Paper) No. 1433
Number of pages: 54 Posted: 31 May 2024
Bank of Italy, Bank of Italy, Bank of Italy and Bank of Italy
Downloads 4 (1,129,705)

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monetary policy, uncertainty, robustness, minimax, bayesian decision making