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‘Doing good’. Ezio Tarantelli’s Approach to Political Economy

In: Social Pacts, Employment and Growth. A Reappraisal of Ezio Tarantelli’s Thought

Author

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  • Pierluigi Ciocca

    (Banca d'Italia)

Abstract

The chapter reconstructs Tarantelli’s suggestions for putting the inflation of the ’70s to an end in Italy. He proposed to pre-determine wage increases in order to guide prices along a path agreed by social partners and also advocated using incomes policy as an instrument of coordination for achieving policy goals alternative to monetarist remedies. These proposals were implemented in the course of an almost two-decade long disinflation process that also included monetary and fiscal policy measures and lasted until the end of the ‘90s.

Suggested Citation

  • Pierluigi Ciocca, 2007. "‘Doing good’. Ezio Tarantelli’s Approach to Political Economy," AIEL Series in Labour Economics, in: Nicola Acocella & Riccardo Leoni (ed.), Social Pacts, Employment and Growth. A Reappraisal of Ezio Tarantelli’s Thought, edition 1, chapter 2, pages 15-22, AIEL - Associazione Italiana Economisti del Lavoro.
    • Handle: RePEc:ail:chapts:02-02
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    File URL: http://link.springer.com/chapter/10.1007/978-3-7908-1923-6_2
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    More about this item

    Keywords

    Tarantelli’s thought; monetarism; disinflation.;
    All these keywords.

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • J52 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Dispute Resolution: Strikes, Arbitration, and Mediation

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