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  3. A Monetary History of Italy
  • Cited by 64
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    • Publisher:
      Cambridge University Press
      Publication date:
      31 December 2009
      13 February 1997
      ISBN:
      9780511559686
      9780521443159
      9780521023450
      DOI:
      https://doi.org/10.1017/CBO9780511559686
      Dimensions:
      (228 x 152 mm)
      Weight & Pages:
      0.62kg, 324 Pages
      Dimensions:
      (228 x 152 mm)
      Weight & Pages:
      0.487kg, 324 Pages
      • Subjects:
      Economics, Macroeconomics, Econometrics and Mathematical Methods, History, Economic History
      Series:
      Studies in Macroeconomic History
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    • Selected: Digital
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    Subjects:
    Economics, Macroeconomics, Econometrics and Mathematical Methods, History, Economic History
    Series:
    Studies in Macroeconomic History
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    Book description

    This volume deals with the monetary history of Italy from its independence in 1861 to 1992. It provides the first complete analysis of a country which has experienced diverse and often dramatic monetary conditions. The authors interpret Italian monetary history through the looking glass of a model which, while monetarist in flavour, is open to other interpretations. A key theme is that public finance is at the root of the (relatively) high Italian inflation rates. The authors argue that there is a strong relationship between the government budget deficit and monetary policy, and that the monetary authorities are too dependent on government. The book contributes in a novel way not only to the monetary debate, but also to fiscal and institutional questions. It combines economic theory, statistical data and history in an accessible way which should prove useful to both economic historians and monetary economists.

    Reviews

    ‘This book is a breakthrough in Italian macroeconomic history both for the rigour of its approach and for the wealth of data and econometric evidence that it presents.’

    Source: Economic History Review

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