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Economic stabilization and growth policies in Augusto Graziani?s approach

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  • Antonio Pedone

Abstract

In his analysis of Italian post-war economic growth, Augusto Graziani has pointed out the main shortcomings of Italy?s economic policy, particularly after the end of the so-called "economic miracle". He was very critical of Italian short-term stabilization policy founded mainly on deflationary monetary policy with negative consequences on employment and investment. He was in favour of a short-term stabilization policy strictly linked to policies designed to boost growth and to mitigate the many "dualisms" affecting the Italian economy. To this end, he proposed a large programme of public investment, not only of public works but also of industrial investment from state-owned enterprises.

Suggested Citation

  • Antonio Pedone, 2014. "Economic stabilization and growth policies in Augusto Graziani?s approach," STUDI ECONOMICI, FrancoAngeli Editore, vol. 2014(112), pages 172-181.
  • Handle: RePEc:fan:steste:v:html10.3280/ste2014-112013
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    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination

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