

Stefano Pica
135 posts

@pica_ste
Advisor at @bancaditalia. Views/opinions are my own.








We tend to think that *expectations matter*: for equilibrium dynamics, policy outcomes... But: how do households perceive relationships between inflation and other variables? How do perceptions shape expectations? How do these react to MP? A🧵1/12 papers.ssrn.com/sol3/papers.cf…


Stefano Pica @pica_ste of @bancaditalia presented his research paper “The Distortive Effects of Deposit Insurance on Bank Funding and Credit Allocation”. Discussant: Francesc Rodriguez Tous of @BayesBSchool








🏠 A shrinking pool of younger borrowers is being disproportionately hit by rising rates #Echobox=1688305697" target="_blank" rel="nofollow noopener">telegraph.co.uk/business/2023/…




