Sensitivity Estimation of Traditional Life BEL Using Regression Proxies

descrizione

Working Paper No. 35 - This work develops parsimonious, interpretable regression proxies to approximate traditional life liability responses to market shocks in macroprudential analysis and top-down stress testing.

Author(s)

Francesco Sciarretta, Francesco Ficarola, Stefano Pasqualini, Silvia Sacco

issue date

30 July 2026