Research

PUBLICATIONS

Can We Measure Inflation Expectations Using Twitter? with J. Marcucci, M. Miccoli, F. Quarta, Journal of Econometrics, (2022), 228 (2): 259-277 
Old version: Bank of Italy Working papers n. 1318
Media coverage: Reuters, USNews, Forbes, Corriere.it, Ansa, Spieghel.de

Climate change and credit risk: the effect of carbon tax on Italian banks' business loan default rates with M. A. Aiello, Journal of Policy Modeling, (2023), 45 ( 1 ): 187-201
Old version: Bank of Italy Occasional papers, n. 688

The Green Transition and Firms’ Expectations on Future Prices: Survey Evidence, Journal of Economic Behavior & Organization, (2024), 221: 519-543

WORKING PAPERS

Can GenAI fill banks’ emissions data gap? with E. Bernardini
Second Prize: European Federation of Financial Analysts ( EFFAS ) Gasperini Award 

Banks’ carbon pledges: amazing or a maze? with E. Bernardini, Bank of Italy Occasional Papers, n. 906, February 2025

Heterogeneous inflation expectations and forecast errors across the income distribution: the role of memory with F. Di Giacomo [Download Working Paper]

Household Expectations and the Credit Cycle [Working paper on SSRN]

POLICY WORK

Climate risk for Italian banks: an update based on the Regional Bank Lending Survey with I. Faiella and V. Michelangeli, Notes on Financial Stability and Supervision, n.29, June 2022

Climate-related risks for Italy: an analysis based on the latest NGFS scenarios with M. A. Aiello, P. Cova, V. Michelangeli, Bank of Italy Occasional Papers, n. 847, April 2024

Greening the present to decarbonise the future: an analysis of Italian banks' decarbonisation strategies with V. Lionetti, L. Ridi, EUI, RSC, Working Paper, 2025/46, Florence School of Banking and Finance, Banking Supervision Policy and Bank of Italy Occasional Papers, n. 939, June 2025