La Costituzione italiana e la moneta: un incontro mancato
The paper traces the principle of monetary stability throughout the political and cultural debates, which Luigi Einaudi contributed to since 1943, and the discussions in the Sub-Committees, the Committee and the full House of the Constituent Assembly in 1946-47 up to the approval of the Charter. The safeguard of savings was given a constitutional umbrella, which was denied to its premise, i.e. the commitment to defend the purchasing power of the currency. This principle is today enshrined in the Maastricht Treaty and the Ecb statute, a clear proof that economic constitutionalism can be helpful in pointing the direction of monetary policy.
Volume (Year): 96 (2006)
Issue (Month): 4 (July-August)
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References listed on IDEAS
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- Wicksell, Knut, 1907. "The Influence of the Rate of Interest on Prices," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 17, pages 213-220.
- Barro, Robert J. & Gordon, David B., 1983.
"Rules, discretion and reputation in a model of monetary policy,"
Journal of Monetary Economics,
Elsevier, vol. 12(1), pages 101-121.
- Robert J. Barro & David B. Gordon, 1983. "Rules, Discretion and Reputation in a Model of Monetary Policy," NBER Working Papers 1079, National Bureau of Economic Research, Inc.
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