IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Teoria macroeconomica e politica monetaria:i contributi di Franco Modigliani e il dibattito in corso

Listed author(s):
  • Lucas Papademos

    (Banca Centrale Europea, Francoforte sul Meno (Germania))

Registered author(s):

    In this article will discuss several topics of macroeconomics and monetary policy and relate them with the contributions and ideas of Franco Modigliani. I will focus in particular on the structure and main features of theoretical systems able to adequately describe the role of money in the macroeconomic environment and the effects of monetary policy on aggregate output and the price level. One of these facilities, which will sum itself theoretical advances discussed above, can be considered in line with the common point of view about the basic components and operation of the transmission mechanism of monetary policy. Will highlight also the elements of uncertainty and unresolved issues that exist with respect to some structural and dynamic characteristics of the model. As the second argument, I want to briefly discuss the nature and strength of the empirical relationships linking important economic variables - such as the price level and aggregate output – to the tools of monetary policy. Finally, I will focus on the consequences of the theoretical macroeconomic and as we know now, empirical results regarding the links between the objectives and instruments of monetary policy for the selection of an appropriate strategy in this area and for its effective implementation .

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    Article provided by Economia civile in its journal Moneta e Credito.

    Volume (Year): 58 (2005)
    Issue (Month): 230-231 ()
    Pages: 203-232

    in new window

    Handle: RePEc:psl:moneta:2005:211
    Contact details of provider: Web page:

    Order Information: Web:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:psl:moneta:2005:211. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Carlo D'Ippoliti)

    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.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.

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

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.