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The theoretical basis of the CGIL's analysis of the Italian economic decline

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Listed:
  • Guglielmo Forges Davanzati
  • Nicolò Giangrande

Abstract

This paper deals with the Italian economic decline from a double perspective. First, it provides a reconstruction of the main Post Keynesian arguments explaining the bad macroeconomic performance of the Italian economy, starting from the end of the “economic miracle”. Second, it proposes a re-reading of the CGIL’s view, showing that is it consistent with a theoretical approach based on the fundamental assumptions and policy prescriptions of the Post Keynesian framework.

Suggested Citation

  • Guglielmo Forges Davanzati & Nicolò Giangrande, 2018. "The theoretical basis of the CGIL's analysis of the Italian economic decline," Working Papers PKWP1801, Post Keynesian Economics Society (PKES).
    • Handle: RePEc:pke:wpaper:pkwp1801
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    File URL: https://www.postkeynesian.net/downloads/working-papers/PKWP1801.pdf
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    References listed on IDEAS

    as
    1. Guglielmo Forges Davanzati, 2016. "Credit supply, credit demand and unemployment in the mode of Augusto Graziani," Review of Keynesian Economics, Edward Elgar Publishing, vol. 4(3), pages 264-278, July.
    2. Graziani,Augusto, 2003. "The Monetary Theory of Production," Cambridge Books, Cambridge University Press, number 9780521812115.
    3. Paolo Pini, 2013. "What Europe Needs to Be European," Economia politica, Società editrice il Mulino, issue 1, pages 3-12.
    4. Andrea Pacella, 2009. "The Effects of Employment Insecurity on Demand, Productivity and Employment Levels," Review of Political Economy, Taylor & Francis Journals, vol. 21(2), pages 273-289.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Italian economic decline; labour market; unions;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • J50 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - General

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