The Bank of Italy has published seven new Occasional Papers (Nos. 925–931), spanning research on monetary policy and inflation measurement, artificial intelligence, energy shocks, climate-related financial risk and EU industrial policy. The papers cover EU industrial policy in the context of recent crises and the “twin transition” (No. 931); how data dependency can affect inflation projections and interest rate decisions (No. 930); evidence from Italian households on adoption and the expected impact of generative AI (No. 929); a new “Underlying Composite Inflation (UCI)” indicator intended to track inflation developments (No. 928); the Bank of Italy’s experience applying AI to support regulatory reporting management (No. 927); the macroeconomic effects of energy price shocks using a Bayesian SVAR approach (No. 926); and an assessment of climate risk for residential mortgages in Rimini (No. 925).
Bank of Italy 2025-04-17
Bank of Italy releases seven Occasional Papers on EU industrial policy, inflation analytics, AI and climate risk
The Bank of Italy released seven Occasional Papers on monetary policy, inflation measurement, AI, energy shocks, climate-related financial risk, and EU industrial policy. Key insights include a new Underlying Composite Inflation indicator, generative AI's impact on Italian households, and climate risk assessment for Rimini's residential mortgages. The papers also explore energy price shocks' macroeconomic effects and AI's application in regulatory reporting.