IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-137-56077-3_1.html
   My bibliography  Save this book chapter

The Italian Monetary Policy in Perspective: Lessons from Monetary History of Italy before the EMU

In: Italy in a European Context

Author

Listed:
  • Mauro Rota
  • Donatella Strangio

Abstract

Italian monetary policy formally became independent in 1981 after the well-known “divorce” between the Bank of Italy and the Treasury. The policy then adopted the implicit goal of low inflation and at the same time moderating cyclical fluctuations of the economy (Clarida et al., 1998). It is also entrenched the idea that before the divorce, namely before 1979, Italian monetary policy had assumed the target of control of aggregate demand in both a countercyclical and pro-cyclical perspective through the management of domestic credit.

Suggested Citation

  • Mauro Rota & Donatella Strangio, 2015. "The Italian Monetary Policy in Perspective: Lessons from Monetary History of Italy before the EMU," Palgrave Macmillan Books, in: Donatella Strangio & Giuseppe Sancetta (ed.), Italy in a European Context, chapter 1, pages 3-27, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-56077-3_1
    DOI: 10.1007/978-1-137-56077-3_1
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-137-56077-3_1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.