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First Author:
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| Edoardo Gaffeo |
| University of Trento |
| edoardo.gaffeo@unitn.it |
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| Department of Economics and Management, University of Trento, Via Inama 5 |
| Trento, 38122, Italy |
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| +39 0461282220(Phone) |
| +39 0461282220(Fax) |
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Third Author:
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| Massimo Molinari |
| Market Operations Directorate, Bank of Italy |
| massimo.molinari@bancaditalia.it |
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