Latviešu valodas versija nav pieejama
Sara Lamboglia
Monetary Policy
- Division
Capital Markets/Financial Structure
- Current Position
-
Economist
- Fields of interest
-
Microeconomics,Macroeconomics and Monetary Economics
- Education
- 2014-2018
PhD Mathematics, University of Warwick, UK
- Professional experience
- 2020-
Economist-Statistician, Financial Education Directorate, Bank of Italy
- 2018-2020
Post-Doctoral Fellow, Goethe-University, Frankfurt am Main, Germany
- 16 June 2025
- ECONOMIC BULLETIN - BOXEconomic Bulletin Issue 4, 2025Details
- Abstract
- This box explores the factors shaping the euro area inflation expectations of firms in the survey on the access to finance of enterprises (SAFE). It finds that the short-term inflation expectations of firms are more volatile and closely tied to current inflation trends compared with their medium-term and long-term expectations. The determinants of these expectations considered in the analysis include the individual characteristics of firms, the sectors these operate in, their country of operation, their anticipated business decisions and euro area inflation. Among these factors, individual characteristics emerge as the primary driver of cross-section variation in inflation expectations of firms, followed by country-specific factors. At the same time, the uncertainty surrounding firms’ five-year inflation expectations is mainly influenced by the country in which they operate.
- JEL Code
- C83 : Mathematical and Quantitative Methods→Data Collection and Data Estimation Methodology, Computer Programs→Survey Methods, Sampling Methods
E20 : Macroeconomics and Monetary Economics→Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy→General
E31 : Macroeconomics and Monetary Economics→Prices, Business Fluctuations, and Cycles→Price Level, Inflation, Deflation
E52 : Macroeconomics and Monetary Economics→Monetary Policy, Central Banking, and the Supply of Money and Credit→Monetary Policy
- 29 October 2024
- ECONOMIC BULLETIN - ARTICLEEconomic Bulletin Issue 7, 2024Details
- Abstract
- The Survey on the Access to Finance of Enterprises (SAFE) provides information on the financing needs of euro area firms, their economic performance, and the availability of external funding. The article illustrates the role that the SAFE has played over the past 15 years. First, it discusses the contribution of the survey to assessing the transmission of monetary policy decisions to firms’ access to finance and their financing conditions. Second, the article shows how SAFE-based data provide timely evidence of the impact of economic crises on firms’ performance. Third, the article documents the ability of SAFE-based indicators to track important shifts in the economic business cycle. Finally, the article discusses new survey modules that facilitate the analysis of the pricing and wage-setting behaviour of firms, along with their inflation expectations.
- JEL Code
- C83 : Mathematical and Quantitative Methods→Data Collection and Data Estimation Methodology, Computer Programs→Survey Methods, Sampling Methods
D22 : Microeconomics→Production and Organizations→Firm Behavior: Empirical Analysis
E58 : Macroeconomics and Monetary Economics→Monetary Policy, Central Banking, and the Supply of Money and Credit→Central Banks and Their Policies
G32 : Financial Economics→Corporate Finance and Governance→Financing Policy, Financial Risk and Risk Management, Capital and Ownership Structure, Value of Firms, Goodwill
- 2024
- Empirical Economics