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Le principali recessioni italiane: un confronto retrospettivo

Author

Listed:
  • Antonio Bassanetti
  • Martina Cecioni,
  • Andrea Nobili
  • Giordano Zevi

Abstract

Il lavoro propone un’analisi comparata dell’andamento dei principali aggregati macroeconomici, reali e creditizi, nonché delle reazioni della politica monetaria in occasione delle più gravi recessioni attraversate dall’economia italiana. L’indagine, di tipo descrittivo, si concentra soprattutto sugli ultimi quarant’anni, per i quali il quadro informativo disponibile è ampio e dettagliato. In particolare, si confronta l’evidenza relativa alla profonda recessione del 2008-09 con quelle registrate nel 1974-75 e nel 1992-93, in corrispondenza delle crisi petrolifera e valutaria. Per un numero ridotto di variabili si propone anche un raffronto con gli andamenti negli anni trenta.

Suggested Citation

  • Antonio Bassanetti & Martina Cecioni, & Andrea Nobili & Giordano Zevi, "undated". "Le principali recessioni italiane: un confronto retrospettivo," Working Papers wp2010-9, Department of the Treasury, Ministry of the Economy and of Finance.
  • Handle: RePEc:itt:wpaper:wp2010-9
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    File URL: http://www.dt.tesoro.it/export/sites/sitodt/modules/documenti_it/analisi_progammazione/working_papers/wp9_2010.pdf
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    References listed on IDEAS

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    1. Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "The Aftermath of Financial Crises," American Economic Review, American Economic Association, vol. 99(2), pages 466-472, May.
    2. Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "Is the 2007 U.S. Sub-Prime Financial Crisis So Different? An International Historical Comparison," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 56(3), pages 291-299, September.
    3. Stijn Claessens & M. Ayhan Kose & Marco E. Terrones, 2009. "What happens during recessions, crunches and busts?," Economic Policy, CEPR;CES;MSH, vol. 24, pages 653-700, October.
    4. Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "Varieties of Crises and Their Dates," Introductory Chapters,in: This Time Is Different: Eight Centuries of Financial Folly Princeton University Press.
    5. Raffaele Miniaci & Guglielmo Weber, 1999. "The Italian Recession Of 1993: Aggregate Implications Of Microeconomic Evidence," The Review of Economics and Statistics, MIT Press, vol. 81(2), pages 237-249, May.
    6. Carmen M. Reinhart & Vincent Reinhart, 2010. "After the fall," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 17-60.
    7. Claudio Borio & Mathias Drehmann, 2009. "Assessing the risk of banking crises - revisited," BIS Quarterly Review, Bank for International Settlements, March.
    8. Del Giovane, Paolo & Eramo, Ginette & Nobili, Andrea, 2011. "Disentangling demand and supply in credit developments: A survey-based analysis for Italy," Journal of Banking & Finance, Elsevier, vol. 35(10), pages 2719-2732, October.
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    Citations

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    Cited by:

    1. Silvia Fabiani & Mario Porqueddu, 2015. "Changing prices ... changing times: evidence for Italy," Questioni di Economia e Finanza (Occasional Papers) 275, Bank of Italy, Economic Research and International Relations Area.
    2. Roberto Cellini & Paolo Di Caro & Gianpiero Torrisi, 2017. "Regional resilience in Italy: do employment and income tell the same story?," Chapters,in: Handbook of Regions and Competitiveness, chapter 14, pages 308-331 Edward Elgar Publishing.
    3. Edda Zoli, 2013. "Italian Sovereign Spreads; Their Determinants and Pass-through to Bank Funding Costs and Lending Conditions," IMF Working Papers 13/84, International Monetary Fund.
    4. Michele Caivano & Lisa Rodano & Stefano Siviero, 2010. "The transmission of the global financial crisis to the Italian economy. A counterfactual analysis, 2008-2010," Questioni di Economia e Finanza (Occasional Papers) 64, Bank of Italy, Economic Research and International Relations Area.
    5. Di Caro, Paolo, 2014. "Recessions, recoveries and regional resilience: Evidence on Italy," MPRA Paper 60297, University Library of Munich, Germany.
    6. Bartoli, Francesca & Ferri, Giovanni & Murro, Pierluigi & Rotondi, Zeno, 2013. "Bank–firm relations and the role of Mutual Guarantee Institutions at the peak of the crisis," Journal of Financial Stability, Elsevier, vol. 9(1), pages 90-104.
    7. Di Giulio, Daniele, 2009. "Bank lending to the production sector: credit crunch or extra-credit?," MPRA Paper 26824, University Library of Munich, Germany.
    8. Francesca Bartoli & Giovanni Ferri & Pierluigi Murro & Zeno Rotondi, 2011. "Soft information and loan supply crisis. Evidence from the credit files of a large bank," Rivista Bancaria - Minerva Bancaria, Istituto di Cultura Bancaria Francesco Parrillo, issue 5-6, november.
    9. Matteo Bugamelli & Riccardo Cristadoro & Giordano Zevi, 2009. "The international crisis and the Italian productive system: a firm-level study," Questioni di Economia e Finanza (Occasional Papers) 58, Bank of Italy, Economic Research and International Relations Area.
    10. International Monetary Fund, 2010. "Italy; 2010 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; Staff Statement; Statement by the Executive Director for Italy," IMF Staff Country Reports 10/157, International Monetary Fund.

    More about this item

    Keywords

    Fluttuazioni cicliche; recessioni; offerta di credito; politica monetaria;

    JEL classification:

    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-

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