The Bank of Italy has released three new Occasional Papers (Nos. 963 to 965) presenting research on the macroeconomic effects of United States trade policies, the bank-based transmission of monetary policy easing in the euro area, and how corporate redomiciliations can affect macroeconomic statistics. Occasional Paper No. 965 examines the domestic macroeconomic consequences of US trade policies, including tariffs. No. 964 analyses how the 2024–25 monetary policy easing in the euro area transmits through banks, focusing on the bank lending channel and the interest rate channel. No. 963 studies corporate mobility and macroeconomic measurement, drawing evidence from the redomiciliations of Italian companies, including corporate inversions.
Bank of Italy 2025-09-17
Bank of Italy releases three Occasional Papers on US trade policy spillovers, euro area monetary easing transmission and Italian company redomiciliations
The Bank of Italy published three Occasional Papers (Nos. 963 to 965) exploring the macroeconomic effects of US trade policies, the transmission of euro area monetary policy easing through banks, and the impact of corporate redomiciliations on macroeconomic statistics. Paper No. 965 focuses on US trade policies, No. 964 on euro area monetary policy transmission, and No. 963 on corporate mobility and macroeconomic measurement.