On the implementation of monetary programs: the Italian case
The article discusses the techniques (or instruments) through which certain monetary policies might be implemented, as opposed to the choice of the policies themselves. In particular, the author is concerned with the implementation of monetary policy in Italy. First, a simple monetary policy model i...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2014-02-01
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| Series: | PSL Quarterly Review |
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| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11676 |
| Summary: | The article discusses the techniques (or instruments) through which certain monetary policies might be implemented, as opposed to the choice of the policies themselves. In particular, the author is concerned with the implementation of monetary policy in Italy. First, a simple monetary policy model is proposed, designed to illustrate the interrelationships between the behaviour of certain magnitudes and total liquidity changes. Recent monetary trends and policies in Italy are then reviewed. The model is then employed as a tool for programming before some observations on seasonal behaviour are considered. Finally, the outlook for the Italian economy in 1964 is analysed.
JEL: E52
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| ISSN: | 2037-3635 2037-3643 |