Serena Fatica - Publications

Publications in international journals

Not only green: sustainability and debt capital markets [link]

Journal of International Money and Finance, Vol. 154, April 2025, 103319

with A. Becker & M. Rancan

Sustainable investing in times of crisis: evidence from bond holdings and the COVID-19 pandemic [link]

Journal of Banking & Finance, Vol. 166, September 2024, 107238

with R. Panzica

[Coverage: AllianceBernstein Investment Insights]

Liability taxes, risk, and the cost of banking crises [link]

Journal of Corporate Finance, vol. 79, April 2023, 102387

with A. Bellucci, W. Heynderickx, V. Kvedaras & A. Pagano

Venture capital financing and green patenting [link]

Industry and Innovation, vol. 30 (7), 2023, pages 947–983

with A. Bellucci, A. Georgakaki, G. Gucciardi, S. Letout & F. Pasimeni

The pricing of green bonds: Are financial institutions special? [link]

Journal of Financial Stability, vol. 54(C), June 2021, 100873

with R. Panzica & M. Rancan

[Coverage: EU Science Hub]

Green bonds as a tool against climate change? [link]

Business Strategy and the Environment, vol. 30(5), July 2021, pages 2688-2701

with R. Panzica

[Coverage: EU Science Hub; ilSole24Ore-Platinum]

How much profit shifting do European banks do? [link]

Economic Modelling, vol. 90(C), 2020, pages 536-551

with W.D. Gregori

(previously circulated as "Profit shifting by EU banks: evidence from country-by-country reporting")

[Coverage: ilSole24Ore; EU Tax Observatory]

Banks, Debt and Risk: Assessing The Spillovers of Corporate Taxes [link]

Economic Inquiry, vol. 58(2), April 2020, pages 1023-1044

with W. Heynderickx & A. Pagano

Business capital accumulation and the user cost: Is there a heterogeneity bias? [link]

Journal of Macroeconomics, vol. 56(C), 2018, pages 15-34

Housing and the Tax System: How Large Are the Distortions in the Euro Area? [link]

Fiscal Studies, vol. 39(2), June 2018, pages 299-342

with D. Prammer

(previous version as ECB Working Paper #2087) [link]

The Fiscal Effects of Work-related Tax Expenditures in Europe [link]

Public Finance Review, vol. 46(5), September 2018, pages 793-820

with S. Barrios, D. Martinez-Lopez & G. Mourre

Measurement and Allocation of Capital Inputs with Taxes: A Sensitivity Analysis for OECD Countries [link]

Review of Income and Wealth, vol. 63(1), March 2017, pages 1-29

Investment Liberalization and Cross‐Border Acquisitions: The Effect of Partial Foreign Ownership [link]

Review of International Economics, vol. 18(2), May 2010, pages 320-333

Book chapters

Sustainable debt markets: the European perspective

in Caporale G.M. (ed.) Handbook of financial markets and climate change, forthcoming.

How is the EU financial system getting ready to take up the climate challenge?

in Falcone, P. M. & Sica, E. (eds.) Sustainable Finance and the Global Health Crisis, 2024, pages 55-76, Routledge, Taylor & Francis Group, London and New York, doi: 10.4324/9781003284703-14

with L. Alessi

Other peer reviewed publications

Economic effects of simplified procedures for claiming cross-border tax reliefs [link]

Nordic Tax Journal, January 2025, doi: 10.2478/ntaxj-2024-0007

with J. Pycroft, A. L. Stasio & D. Stoehlker

Income shifting by multinational enterprises as a source of mismeasurement in aggregate statistics [link]

National Accounting Review, Vol. 6(4), 2024, pages 548-563, doi: 10.3934/NAR.2024025

with W. Gregori

European SMEs’ exposure to ecosystems and natural hazards: a first exploration [link]

Sustainability, 16, 4841, 2024, doi: 10.3390/su16114841

with I. Grammatikopoulou, D. Hirschbuehl, A. La Notte & D. Pisani

On the determinants of corporate default in the EU-27. Evidence from a large sample of companies [link]

Technical Report, Publications Office of the European Union, Luxembourg, 2022, doi:10.2760/580733, JRC131613

with T. Oliviero & M. Rancan

The 2021 EU Industrial R&D Investment Scoreboard [link]

Science for Policy Report, EUR 30902 EN, Publications Office of the European Union, Luxembourg, 2021, ISBN 978-92-76-44399-5, doi:10.2760/559391, JRC127360

with N. Grassano, H. Hernandez Guevara, P. Fako, A. Tuebke, S. Amoroso, A. Georgakaki, L. Napolitano, F. Pasimeni, F. Rentocchini, R. Compano & R. Panzica

Sustainable debt instruments: green bonds and beyond [link]

Argomenti, vol.20, 2021

with R. Panzica

Own resources for the EU budget: an analytical exploration of possible tax revenue instruments [link]

Current Issues in Fiscal Policy, Proceedings of the 18th Bank of Italy Public Finance Workshop, 2017

with G. Mourre

Property tax reform and the user cost of owner-occupied housing in the EU [link]

Beyond the Austerity Dispute: New Priorities for Fiscal Policy, Proceedings of the 17th Bank of Italy Public Finance Workshop, 2016

with S. Barrios & J. Pycroft

Income insurance: a theoretical exercise with empirical application for the euro area [link]

European Economy – Economic Papers 546, Directorate General Economic and Financial Affairs, European Commission, March 2015

with N. Carnot, P. Evans & G. Mourre

Housing taxation: from micro design to macro impact [link]

Quarterly Report on the Euro Area (QREA), Directorate General Economic and Financial Affairs, European Commission, vol. 14(1), March 2015, pages 27-33

Corporate taxation and the composition of capital [link]

Quarterly Report on the Euro Area (QREA), Directorate General Economic and Financial Affairs, European Commission, vol. 12(4), December 2013, pages 37-44

Do corporate taxes distort capital allocation? Cross-country evidence from industry-level data [link]

European Economy – Economic Papers 503, Directorate General Economic and Financial Affairs, European Commission, September 2013

The Debt-Equity Tax Bias: Consequences and Solutions [link]

Reflets et perspectives de la vie économique, vol. LII(1), 2013, pages 5-18

with G. Nicodeme & T. Hemmelgarn

Taxation and the Quality of Institutions: Asymmetric Effects on FDI [link]

Taxation Papers 21, Directorate General Taxation and Customs Union, European Commission, 2010

Competition in the Italian banking system: some new empirical evidence

Rivista Bancaria – Minerva Bancaria, vol. 4, 2009, pages 7-40

with R. Fiori & F. Piersante