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Stagnazione e crescita in Italia


  • Francesco Carlucci

    () (Università di Roma "La Sapienza")


In the last decades the economy in Italy has been growing less and less, with a clear evidence of decline. Such a situation is mostly due to the weakness of its socio-economic system, but two questions rise naturally: 1) Has its monetary policy been contributing to the decline, by alternating periods of heavy devaluation and periods of pegging its currency to those in the DM area? And 2) Could a different monetary policy have supported a strong economic growth? Subject matter of this work is the quest of answers to the two questions by means of simulation experiments.

Suggested Citation

  • Francesco Carlucci, 2011. "Stagnazione e crescita in Italia," Rivista di Politica Economica, SIPI Spa, issue 1, pages 155-188, January-M.
  • Handle: RePEc:rpo:ripoec:y:2011:i:1:p:155-188

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    More about this item


    Italian economy; monetary policy; simulation experiments;

    JEL classification:

    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook


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