Disinflazione e re-inflazione in Italia: le implicazioni per la transizione all'unità monetaria
This paper presents a detailed discussion of inflation in Italy during the 1980s. The early 1980s witnessed disinflation but in the second-half inflation has re-emerged. The paper is relevant to the EMS debate, between the ‘monetarists’ (advocating immediate and irreversible fixity of exchange rates...
| Main Authors: | , |
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| Format: | Article |
| Language: | Italian |
| Published: |
Associazione Economia civile
2013-10-01
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| Series: | Moneta e Credito |
| Subjects: | |
| Online Access: | https://rosa.uniroma1.it/rosa04/moneta_e_credito/article/view/10909 |
| _version_ | 1811172842936467456 |
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| author | S. DE NARDIS S. MICOSSI |
| author_facet | S. DE NARDIS S. MICOSSI |
| author_sort | S. DE NARDIS |
| collection | DOAJ |
| description | This paper presents a detailed discussion of inflation in Italy during the 1980s. The early 1980s witnessed disinflation but in the second-half inflation has re-emerged. The paper is relevant to the EMS debate, between the ‘monetarists’ (advocating immediate and irreversible fixity of exchange rates) and the ‘economists’ (warning of systemic rigidities and urging caution). The evidence is mixed: the EMS seems to have been accompanied by a convergence of inflation, but at a cost of stubborn unemployment suggesting that the policy has not been cost-free. Italian data is reviewed in the context of this discussion.
JEL Codes: E32, E42, F15
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| first_indexed | 2024-04-10T17:37:12Z |
| format | Article |
| id | doaj.art-cf94d29dcf17486190e1c9e27e7be5ad |
| institution | Directory Open Access Journal |
| issn | 2037-3651 |
| language | Italian |
| last_indexed | 2024-04-10T17:37:12Z |
| publishDate | 2013-10-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | Moneta e Credito |
| spelling | doaj.art-cf94d29dcf17486190e1c9e27e7be5ad2023-02-03T16:35:34ZitaAssociazione Economia civileMoneta e Credito2037-36512013-10-014417410.13133/2037-3651/10909Disinflazione e re-inflazione in Italia: le implicazioni per la transizione all'unità monetariaS. DE NARDISS. MICOSSIThis paper presents a detailed discussion of inflation in Italy during the 1980s. The early 1980s witnessed disinflation but in the second-half inflation has re-emerged. The paper is relevant to the EMS debate, between the ‘monetarists’ (advocating immediate and irreversible fixity of exchange rates) and the ‘economists’ (warning of systemic rigidities and urging caution). The evidence is mixed: the EMS seems to have been accompanied by a convergence of inflation, but at a cost of stubborn unemployment suggesting that the policy has not been cost-free. Italian data is reviewed in the context of this discussion. JEL Codes: E32, E42, F15 https://rosa.uniroma1.it/rosa04/moneta_e_credito/article/view/10909ItalyInflationMonetary union |
| spellingShingle | S. DE NARDIS S. MICOSSI Disinflazione e re-inflazione in Italia: le implicazioni per la transizione all'unità monetaria Moneta e Credito Italy Inflation Monetary union |
| title | Disinflazione e re-inflazione in Italia: le implicazioni per la transizione all'unità monetaria |
| title_full | Disinflazione e re-inflazione in Italia: le implicazioni per la transizione all'unità monetaria |
| title_fullStr | Disinflazione e re-inflazione in Italia: le implicazioni per la transizione all'unità monetaria |
| title_full_unstemmed | Disinflazione e re-inflazione in Italia: le implicazioni per la transizione all'unità monetaria |
| title_short | Disinflazione e re-inflazione in Italia: le implicazioni per la transizione all'unità monetaria |
| title_sort | disinflazione e re inflazione in italia le implicazioni per la transizione all unita monetaria |
| topic | Italy Inflation Monetary union |
| url | https://rosa.uniroma1.it/rosa04/moneta_e_credito/article/view/10909 |
| work_keys_str_mv | AT sdenardis disinflazioneereinflazioneinitalialeimplicazioniperlatransizioneallunitamonetaria AT smicossi disinflazioneereinflazioneinitalialeimplicazioniperlatransizioneallunitamonetaria |