RECENT SELECTED PUBLICATIONS

• Liquidity Effects of Litigation Risk: Evidence from a Legal Shock (with Min Park and Hong Zhou) - Journal of Law and Economics, 2024, vol.67 (1), pp. 103-141

• Low price-to-book ratios and bank dividend payout policies (with Leonardo Gambacorta and Hyun Song Shin) - Economic Policy, 2023, vol.38 (115), pp. 675-701

• Relationship lending and employment decisions in firms' bad times (with Pierluigi Murro and Alberto Zazzaro) - Journal of Financial and Quantitative Analysis, 2023, vol. 58 (6), pp. 2657-2691

PUBLICATIONS BY FIELD

Empirical banking 

• Low price-to-book ratios and bank dividend payout policies (with Leonardo Gambacorta and Hyun Song Shin) - Economic Policy, 2023, vol.38 (115), pp. 675-701

• Job protection and mortgage conditions: Evidence from Italian administrative data (with Paolo Mistrulli, Zeno Rotondi and Alberto Zazzaro) - Oxford Bulletin of Economics and Statistics, 2023, vol. 85 (6), pp. 1157-1361

• Relationship lending and employment decisions in firms' bad times (with Pierluigi Murro and Alberto Zazzaro) - Journal of Financial and Quantitative Analysis, 2023, vol. 58 (6), pp. 2657-2691

• Deposit Insurance and Banks' Deposit Rates: Evidence from the 2009 EU policy (with Matteo Gatti) - International Journal of Central Banking, 2021, vol. 17 (2), pp. 171-206

• How post-crisis regulation has affected bank CEO compensation (with Vittoria Cerasi, Sebastian M. Deininger and Leonardo Gambacorta) - Journal of International Money and Finance, 2020, vol. 104, pp. 102-153

Blog post on VoxEu.org: link

• CEO Compensation, Regulation and Risk in Banks: Theory and Evidence from the Financial Crisis (with Vittoria Cerasi) - International Journal of Central Banking, 2015, vol. 11 (3), pp. 241 - 297

Corporate finance

• Liquidity Effects of Litigation Risk: Evidence from a Legal Shock (with Min Park and Hong Zhou) - Journal of Law and Economics, 2024, vol.67 (1), pp. 103-141

Blog post on the Columbia Law School Blue Sky: link

• Green firms, environmental hazards, and investment (with Sandro Rondinella and Alberto Zazzaro) - Sustainability, 2024, 16(2), 542

• The COVID-19 shock and equity shortfall: Firm-level evidence from Italy (with Elena Carletti, Marco Pagano, Loriana Pelizzon and Marti G. Subrahmanyam) - The Review of Corporate Finance Studies, 2020, vol. 9 (3), pp. 534-568

RCFS paper spotlight. Featured by FAZ: link.  Blog post on VoxEu.org: link

• Family firms, Soft Information and Bank Lending in a Financial Crisis (with Leandro D'Aurizio and Livio Romano) - Journal of Corporate Finance, 2015, vol. 33 (3), pp. 279-292

Economics of the household

• The gen AI gender gap (with Inaki Aldasoro, Olivier Armantier, Sebastian Doerr, Leonardo Gambacorta) - Economics Letters, 2024, vol. 241, 111814

• Consumption and Income expectations during Covid-19 (with Giovanni Immordino and Tullio Jappelli) - Review of Economics of the Household,  2024, vol. 22 (1), pp. 95-116

• Income Losses, Cash Transfers and Trust in Financial and Political Institutions: Survey Evidence from the Covid-19 Crisis (with Giovanni Immordino and Alberto Zazzaro) - The B.E. Journal of Economic Analysis and Policy, 2022, vol.22 (3), 647-654 

• Fear of Covid-19 Contagion and Consumption: Evidence from a survey of Italian households (with Giovanni Immordino, Tullio Jappelli and Alberto Zazzaro) - Health Economics, 2022, vol.31 (3), pp. 496-507

• Financial Intermediation, House Prices and the Welfare Effects of the U.S. Great Recession (with Dominik Menno) - European Economic Review, 2020, vol. 129, 103568.

Public economics 

• The economic effects of immovable property taxation: a review of the Italian experience (with Edoardo Di Porto and Annalisa Tirozzi) - The Italian Journal of Public Economics and Law, 2021, n.1, pp. 25-43.

• Property tax and property values: Evidence from the 2012 Italian Tax Reform (with Annalisa Scognamiglio) - European Economic Review, 2019, vol.118, pp. 227 - 251

Featured by Corriere della Sera: link

• House prices and immovable property tax: evidence from OECD countries (with Agnese Sacchi, Annalisa Scognamiglio and Alberto Zazzaro) - Metroeconomica, 2019, vol. 70, pp. 776 - 792

PAPERS IN PROGRESS

• Company payout policies: are financial firms different? (with Emmanuel Caiazzo, Leonardo Gambacorta and Hyun Song Shin) - BIS working paper no 1168

• Are green firms more financially constrained? The sensitivity of investment to cash flow (with Sandro Rondinella and Alberto Zazzaro) - CSEF working paper no 700

• Mafia Infiltration and Ownership Dynamics in Italian Companies Amidst Covid-19 (with Roberta De Luca, Rossella Greco and Giovanni Immordino)

• Judicial efficiency and the default of zombie firms (with Serena Fatica and Michela Rancan)

• Mutual funds and climate news (with Giulio Cornelli, Leonardo Gambacorta and Koji Takahashi)

• The role of repeated interactions: evidence from the Italian Court of Cassation (with Giovanni Immordino and Matteo Vasca)

• Environmental hazard and the labor share of Italian firms (with Sandro Rondinella and Alberto Zazzaro)

• Labor supply and firm responses to relative pay differences: evidence from a personal income tax reform (with Edoardo Di Porto and Enrico Rubolino)

POLICY PAPERS & BOOK CHAPTERS

• Generative artificial intelligence and cybersecurity in central banks (with Inaki Aldasoro, Sebastian Doerr, Leonardo Gambacorta,  Sukhvir Notra and David Whyte), BIS Papers, no. 145

• Survey evidence of gen AI and households: job prospects amid trust concerns (with Inaki Aldasoro, Olivier Armantier, Sebastian Doerr, Leonardo Gambacorta), BIS Bulletin 86, 2024

• On the determinants of corporate default in the EU-27: Evidence from a large sample of companies (with Serena Fatica and Michela Rancan), EUR 31342 EN, Publications Office of the European Union, Luxembourg, 2022, JRC131613

• Financial Accelerator Framework (with Giovanni W. Puopolo) - chapter 3 in "A Modern Guide to Financial Shocks and Crises", Elgar Modern Guides, 2021, edited by Giovanni Ferri and Vincenzo D’Apice

PUBLICATIONS IN ITALIAN

• Le banche e i fondi - vol.12 di Economia per tutti, 2023, in Quaderni della Gazzetta (anno 29)

• I modelli di business in Europa (with Vincenzo D'Apice, Francesco Masala and Giovanni W. Puopolo) - Bancaria, 2019, n.10, pp. 54-61

• Strategie e performance delle imprese familiari negli anni della crisi (with Leandro D'Aurizio and Livio Romano) - Economia Italiana, 2014, n. 1, pp. 63-84