Econometrics of the Energy Transition
In recent years attention has increased among applied economists on monitoring the behavior and the interconnections between key energy variables, indicators of climate change, the macroeconomy, commodities and financial markets.
In the light of the importance of energy vectors for the transition to more sustainable societies, Fondazione Eni Enrico Mattei is promoting research aimed at modelling and forecasting fundamental energy variables and their interrelations with climate and financial indicators, commodity markets and macroeconomic aggregates, where the common denominator is the use of advanced econometric techniques.
The research program Econometrics of the Energy Transition (EET) develops along three, intertwinned research lines, namely:
- Climate econometrics;
- Energy finance econometrics;
- Oil market econometrics.
EET naturally encourages interactions with the other research programs currently active at Fondazione Eni Enrico Mattei.
Research Team
Director of the Research Programme "Econometrics of the Energy Transition - EET" and Coordinator of the MUR-FRES project
Matteo Manera
Milano
Projects
15.10.2023 / 31.12.2025
Research Project | Ongoing Project
The provision of research advice and papers on topic related to "ESG practices in emerging economies and climate transition in Europe"
22.02.2023 / 21.02.2025
Research Project | Past Project
ECS – Dependencies and volatility spillovers among carbon, energy, and stock markets in the EU
01.01.2021 / 31.12.2024
Research Project | Past Project
Climate Econometrics
01.01.2021 / 31.12.2024
Research Project | Past Project
Energy Finance Econometrics
01.01.2021 / 31.12.2024
Research Project | Past Project
Oil Market Econometrics
01.10.2023 / 30.09.2024
Research Project | Past Project
International Workshop "Econometrics of the Energy Transition"
Publications
Scientific Publications
Working Paper | 15.10.2025
Income Tax Treatment and Labour Supply in a multi-level hierarchical Difference-in-Differences model
Bruno Paolo Bosco (Department of Economics, Management and Statistics, University of Milano-Bicocca), Carlo Federico Bosco (Independent Researcher), Paolo Maranzano (Department of Economics, Management and Statistics, University of Milano-Bicocca and Fondazione Eni Enrico Mattei)
Journal Articles | 30.09.2025
Vis Inertiae and Statistical Inference: A Review of Difference-in-Differences Methods Employed in Economics and Other Subjects
Bruno Paolo Bosco (Department of Economics, Management and Statistics-DEMS, University of Milan-Bicocca), Paolo Maranzano (Fondazione Eni Enrico Mattei; Department of Economics, Management and Statistics-DEMS, University of Milan-Bicocca)
Journal Articles | 08.08.2025
A comprehensive analysis of the Italian school system using harmonised open data via the SchoolDataIT R package
Leonardo Cefalo (Department of Economics and Finance, Università degli Studi di Bari Aldo Moro), Paolo Maranzano (Department of Economics, Management and Statistics, University of Milano-Bicocca, Fondazione Eni Enrico Mattei)
Journal Articles | 22.07.2025
Regioni italiane verso regioni europee: i fattori della mancata convergenza
Paolo Maranzano (Fondazione Eni Enrico Mattei and DEMS, Università degli Studi di Milano-Bicocca), Roberto Romano (EStà)
Journal Articles | 04.06.2025
Labour responsiveness to income tax changes: empirical evidence from a DID analysis of an income tax treatment in Italy
Bruno Paolo Bosco (Department of Economics, Management and Statistics – DEMS, University of Milano-Bicocca), Carlo Federico Bosco (University of Pavia), Paolo Maranzano (Department of Economics, Management and Statistics – DEMS, University of Milano-Bicocca, and Fondazione Eni Enrico Mattei)
Journal Articles | 31.05.2025
Comprehensive analysis of factors influencing EU-countries household energy consumption (2000–2022): Trends and vulnerability to COVID-19 and the Russia-Ukraine war
Behnam Ata (Department of Social Geography and Regional Development Planning, University of Debrecen), János Pénzes (Department of Social Geography and Regional Development Planning, University of Debrecen), Parisa Pakrooh (Marie Sklodowska-Curie Postdoctoral Research Fellow, Fondazione Eni Enrico Mattei), Aynaz Lotfata (Department of Pathology, Microbiology, and Immunology, School of Veterinary Medicine, University of California), Safwan Mohammed (Earth Science Institute, Slovak Academy of Sciences, Institutes for Agricultural Research and Educational Farm, University of Debrecen, Böszörmény)
Journal Articles | 20.05.2025
A Hodrick–Prescott filter with automatically selected breaks
Paolo Maranzano (Department of Economics, Management and Statistics, University of Milano-Bicocca, and Fondazione Eni Enrico Mattei), Matteo Pelagatti (Department of Economics, Management and Statistics, University of Milano-Bicocca)
Journal Articles | 24.04.2025
The Geography of the Italian Citizenship Income: The Role of Poverty and Inequality in Determining Spatial Heterogeneity Across the Italian Municipalities
Paolo Maranzano (Department of Economics, Management and Statistics-DEMS, University of Milano-Bicocca, and Fondazione Eni Enrico Mattei), Gianluca Monturano (Department of Economics, Management and Business Law, University of Bari, and Department of Economics, University of Modena and Reggio Emilia), Pasquale Tridico (Department of Economics, Roma Tre University)
Journal Articles | 01.04.2025
Energy transition and CO2 emissions: Fresh insight from low, middle and high-income countries
Parisa Pakrooh (Marie Sklodowska-Curie Postdoctoral Research Fellow at Fondazione Eni Enrico Mattei), Hela Nammouri (UCLy – Lyon Catholic University, ESDES), Sami Ben Jabeur (UCLy-Lyon Catholic University)
Journal Articles | 28.03.2025
Climate shocks, economic activity and cross-country spillovers: Evidence from a new global model
Maryam Ahmadi (Rabobank), Chiara Casoli (InsIDE lab, Department of Economics, University of Insubria, and Fondazione Eni Enrico Mattei), Matteo Manera (Department of Economics, Management and Statistics, University of Milano-Bicocca, and Fondazione Eni Enrico Mattei), Daniele Valenti (Department of Management, Economics and Industrial Engineering, Politecnico di Milano, and Fondazione Eni Enrico Mattei)
Working Paper | 05.02.2025
Green Investment in the EU and the US: Markup Insights
Anastasia Bruni (Fondazione Eni Enrico Mattei and Catholic University of the Sacred Heart)
Journal Articles | 04.02.2025
Multidimensional Spatiotemporal Clustering – An Application to Environmental Sustainability Scores in Europe
Caterina Morelli (Department of Economics, Management and Statistics – DEMS, University of Milano-Bicocca), Simone Boccaletti (Department of Economic and Social Sciences, Università Cattolica del Sacro Cuore di Piacenza), Paolo Maranzano (Department of Economics, Management and Statistics – DEMS, University of Milano-Bicocca and Fondazione Eni Enrico Mattei), Philipp Otto (School of Mathematics and Statistics, University of Glasgow)
Journal Articles | 11.12.2024
A review of regularised estimation methods and cross-validation in spatiotemporal statistics
Philipp Otto (School of Mathematics and Statistics, University of Glasgow), Alessandro Fassò (University of Bergamo) and Paolo Maranzano (Department of Economics, Management and Statistics-DEMS, University of Milano-Bicocca and Fondazione Eni Enrico Mattei)
Journal Articles | 18.11.2024
Causality, Connectedness, and Volatility pass-through among Energy-Metal-Stock-Carbon Markets: New Evidence from the EU
Parisa Pakrooh (Marie Sklodowska-Curie Postdoctoral Research Fellow, Fondazione Eni Enrico Mattei); Matteo Manera (Department of Economics, Management and Statistics, University of Milano-Bicocca, and Fondazione Eni Enrico Mattei)
Journal Articles | 01.08.2024
Energy shocks in the Euro area: Disentangling the pass-through from oil and gas prices to inflation
Chiara Casoli (Fondazione Eni Enrico Mattei – FEEM); Matteo Manera (University of Milano-Bicocca; Fondazione Eni Enrico Mattei – FEEM); Daniele Valenti (Politecnico di Milano; Fondazione Eni Enrico Mattei – FEEM)
Working Paper | 01.08.2024
Causality, Connectedness, and Volatility Pass-through among Energy-Metal-Stock-Carbon Markets: New Evidence from the EU
Parisa Pakrooh (Marie Sklodowska-Curie Postdoctoral Research Fellow, Fondazione Eni Enrico Mattei), Matteo Manera (Department of Economics, Management and Statistics, University of Milano-Bicocca, and Fondazione Eni Enrico Mattei)
Journal Articles | 01.08.2024
ESG Performance and Stock Market Responses to Geopolitical Turmoil: evidence from the Russia-Ukraine War
Simone Boccaletti (Università degli Studi di Milano-Bicocca), Paolo Maranzano (Università degli Studi di Milano-Bicocca, Fondazione Eni Enrico Mattei), Caterina Morelli (Università degli Studi di Milano-Bicocca), Elisa Ossola (Università degli Studi di Milano-Bicocca, Center for European Studies-CefES, The Rimini Centre for Economic Analysis-RCEA)
Working Paper | 11.07.2024
A Hodrick-Prescott filter with automatically selected jumps
Paolo Maranzano (Department of Economics, Management and Statistics, University of Milano-Bicocca and Fondazione Eni Enrico Mattei); Matteo Pelagatti (Department of Economics, Management and Statistics, University of Milano-Bicocca)
Working Paper | 27.06.2024
Income taxation and labour response. Empirical evidence from a DID analysis of an income tax treatment in Italy
Bruno Bosco (Department of Economics, Management and Statistics, University of Milano-Bicocca), Carlo Federico Bosco (University of Pavia), Paolo Maranzano (Department of Economics, Management and Statistics, University of Milano-Bicocca and Fondazione Eni Enrico Mattei)
Journal Articles | 30.05.2024
Investigating the Nexus Between GHG Emissions and AFOLU Activities: New Insights from C-Vine Copula Approach
Parisa Pakrooh (Fondazione Eni Enrico Mattei); Muhamad Abdul Kamal (Department of Economics, Abdul Wali Khan University Mardan); Cosimo Magazzino (Department of Political Science, Roma Tre University)
Journal Articles | 01.03.2024
ARPALData: an R package for retrieving and analyzing air quality and weather data from ARPA Lombardia (Italy)
Paolo Maranzano (Department of Economics, Management and Statistics-DEMS, University of Milano-Bicocca and Fondazione Eni Enrico Mattei), Andrea Algieri (Department of Lodi and Pavia, U.O. Attività Produttive e Controlli, Agenzia Regionale per la Protezione dell’Ambiente Lombardia – ARPA Lombardia)
Journal Articles | 09.02.2024
ESG Factors and Firms’ Credit Risk
Laura Bonacorsi (Department of Social and Political Sciences, Bocconi University); Vittoria Cerasi (Italian Court of Auditors, CefES & O-Fire, University of Milano-Bicocca); Paola Galfrascoli (Department of Economics, Management and Statistics, DEMS, CefES & O-Fire and University of Milano-Bicocca); Matteo Manera (Department of Economics, Management and Statistics, DEMS, University of Milano-Bicocca and Fondazione Eni Enrico Mattei)
Journal Articles | 01.02.2024
Spatiotemporal modelling of PM2.5 concentrations in Lombardy (Italy): a comparative study
Philipp Otto (School of Mathematics and Statistics, University of Glasgow), Alessandro Fusta Moro (Department of Economics, University of Bergamo), Jacopo Rodeschini (Department of Economics, University of Bergamo), Qendrim Shaboviq (Institute of Cartography and Geoinformatics, Leibniz University Hannover), Rosaria Ignaccolo (Department of Economics and Statistics "Cognetti de Martiis", University of Turin), Natalia Golini (Department of Economics and Statistics "Cognetti de Martiis", University of Turin), Michela Cameletti (Department of Economics, University of Bergamo), Paolo Maranzano (Department of Economics, Management and Statistics, University of Milan-Bicocca, and Fondazione Eni Enrico Mattei), Francesco Finazzi (Department of Economics, University of Bergamo), Alessandro Fassò (Department of Economics, University of Bergamo)
Journal Articles | 17.05.2023
Adaptive LASSO estimation for functional hidden dynamic geostatistical models
Paolo Maranzano (Department of Economics, Management and Statistics-DEMS, University of Milano-Bicocca and Fondazione Eni Enrico Mattei), Philipp Otto (Institute of Cartography and Geoinformatics-IKG, Leibniz University of Hannover), Alessandro Fassò (Department of Economics, University of Bergamo)
Journal Articles | 18.03.2023
Agrimonia: a dataset on livestock, meteorology and air quality in the Lombardy region, Italy
Alessandro Fassò (University of Bergamo, Dept. of Economics), Jacopo Rodeschini (University of Bergamo, Dept. of Economics), Alessandro Fusta Moro (University of Torino, Dept. of Economics and Statistics), Qendrim Shaboviq (Leibniz University Hannover, Institute of Cartography and Geoinformatics), Paolo Maranzano (University of Milano-Bicocca, Dept. of Economics, Management and Statistics, and Fondazione Eni Enrico Mattei), Michela Cameletti (University of Bergamo, Dept. of Economics), Francesco Finazzi (University of Bergamo, Dept. of Economics), Natalia Golini (University of Torino, Dept. of Economics and Statistics), Rosaria Ignaccolo (University of Torino, Dept. of Economics and Statistics), Philipp Otto (Leibniz University Hannover, Institute of Cartography and Geoinformatics)
Working Paper | 20.12.2022
Modelling the effects of climate change on economic growth: a Bayesian Structural Global Vector Autoregressive approach
Maryam Ahmadi (Fondazione Eni Enrico Mattei); Chiara Casoli (Fondazione Eni Enrico Mattei); Matteo Manera (Fondazione Eni Enrico Mattei and Department of Economics Management and Statistics – DEMS, University of Milano-Bicocca); Daniele Valenti (Fondazione Eni Enrico Mattei and Department of Environmental Science and Policy – DESP, University of Milan)
Working Paper | 19.12.2022
Energy shocks in the Euro area: disentangling the pass-through from oil and gas prices to inflation
Chiara Casoli (Fondazione Eni Enrico Mattei); Matteo Manera (Fondazione Eni Enrico Mattei and Department of Economics, Management and Statistics – DEMS, University of Milano-Bicocca); Daniele Valenti (Fondazione Eni Enrico Mattei and Department of Management, Economics and Industrial Engineering, Politecnico di Milano – School of Management)
Journal Articles | 15.09.2022
Air Quality in Lombardy, Italy: an Overview of the Environmental Monitoring System of ARPA Lombardia
Paolo Maranzano (Department of Economics, Management and Statistics, University of Milano-Bicocca and Fondazione Eni Enrico Mattei)
Journal Articles | 15.09.2022
The Role of Education and Income Inequality on Environmental Quality. A Panel Data Analysis of the EKC Hypothesis on OECD Countries
Paolo Maranzano (Deptartment of Economics, Management and Statistics, University of Milano-Bicocca and Fondazione Eni Enrico Mattei); Matteo Manera (Deptartment of Economics, Management and Statistics, University of Milano-Bicocca and Fondazione Eni Enrico Mattei); Joao Paulo Bento (Department of Economics, Tourism and Management Engineering, University of Aveiro)
Journal Articles | 15.09.2022
Permanent-Transitory decomposition of cointegrated time series via dynamic factor models, with an application to commodity prices
Chiara Casoli (Fondazione Eni Enrico Mattei); Riccardo Lucchetti (Deparment of Economic and Social Sciences, Università Politecnica delle Marche)
Journal Articles | 15.09.2022
Modelling the Global Price of Oil: Is there any Role for the Oil Futures-spot Spread?
Daniele Valenti (University of Milan and Fondazione Eni Enrico Mattei)
Journal Articles | 01.09.2021
Financial Stress and Basis in Energy Markets
Niaz Bashiri Behmiri, Maryam Ahmadi (University of Milan-Bicocca), Juha-Pekka Junttila (University of Jyvaskyla School of Business and Economics), Matteo Manera (University of Milan-Bicocca and Fondazione Eni Enrico Mattei)
Working Paper | 09.07.2021
Permanent-Transitory decomposition of cointegrated time series via Dynamic Factor Models, with an application to commodity prices
Chiara Casoli (Fondazione Eni Enrico Mattei); Riccardo (Jack) Lucchetti (Università Politecnica delle Marche)
Other Pubblications
Pubblicazioni Media | 16.10.2025
Quante scuole primarie hanno la mensa, in Italia? E palestre e aule informatiche? La mappa completa, provincia per provincia
Pubblicazioni Media | 15.10.2025
Una scuola primaria su 2 senza mensa, poche palestre e aule informatiche a medie e superiori