Download The Oxford Handbook of the Italian Economy Since Unification by Gianni Toniolo PDF

By Gianni Toniolo

This Oxford instruction manual presents a clean total view and interpretation of the trendy monetary development of 1 of the most important ecu international locations, whose fiscal heritage is much less recognized across the world than that of alternative comparably huge and profitable economies. it is going to offer, for the 1st time, a accomplished, quantitative "new monetary historical past" of Italy.

The instruction manual deals an interpretation of the most successes and screw ups of the Italian financial system at a macro point, the research--conducted via a wide overseas crew of students --contains fullyyt new quantitative effects and interpretations, spanning the complete 150-year interval because the unification of Italy, on loads of concerns. via delivering a accomplished view of the successes and screw ups of Italian organizations, employees, and coverage makers in responding to the demanding situations of the foreign enterprise cycle, the booklet crucially shapes suitable questions about the explanations for the present unsatisfactory reaction of the Italian financial system to the continuing "second globalization." such a lot chapters of the guide are co-authored via either an Italian and a overseas student.

Show description

Read Online or Download The Oxford Handbook of the Italian Economy Since Unification PDF

Similar economic policy & development books

The Third World Beyond the Cold War: Continuity and Change

This booklet provides an summary of the alterations caused in 3rd global nations because the finish of the chilly struggle. the topics selected by way of the editors--economics, politics, security--are largely interpreted for you to surround the key parts of switch between 3rd international nations. The nearby case-studies--Asia-Pacific, Latin the United States, South Asia, Africa, the center East--were chosen to deliver out either the topics and the range of expertise.

Lectures on Regulatory & Competition Policy (Occasional Paper, 120)

For a few years, Dr Irwin Stelzer, the industrial commentator and journalist, has been stimulating audiences all over the world with lectures on a variety of fiscal themes. during this quantity, the IEA reprints revised types of twelve lectures in 3 components the place Dr Stelzer is said as a professional - pageant coverage and the shape it's going to take; the correct position of rules in aggressive and monopolised markets; and the content material of strength and environmental regulations.

The Voice from China: An CHEN on International Economic Law

Briefly, the 24 chosen and consultant articles written in English through the writer during the last 30-odd years, frequently released in overseas top journals and now accumulated and compiled during this monograph, can be deemed the goods of foreign educational debates. They list, replicate and embrace the author’s own perspectives on a couple of modern simple concerns in foreign financial legislations & the foreign financial order.

Extra resources for The Oxford Handbook of the Italian Economy Since Unification

Example text

At the end of the 1970s, however, consensus built up about bringing inflation under control. Three main decisions were made: (1) participation in the European Monetary System, (2) the introduction of a form of incomes policy, and (3) repeal of the agreement between the central bank and the Treasury whereby the latter bought unsubscribed government bonds at every auction (the so-called divorce between the Treasury and the Bank of Italy). It was hoped (in vain as it turned out) that the latter decision would also increase fiscal responsibility by making policy-makers come to terms with budget constraints.

The Italian economy, now well integrated into the world economy, participated in the events that affected the latter, notably the negative productivity shock, although with an evolution that reflected its own peculiar features. 5 percent per year. The convergence on US per capita GDP reached 76 percent(up from 65 percent in 1973). The convergence on Western Europe was virtually complete: in 1992, per capita GDP in Italy was equal to that in Germany and the United Kingdom. Convergence of product per hour worked was also almost complete.

A third “novelty” of the 1990s and 2000s was the overvaluation of the real exchange rate, in contrast to Italy’s previous economic history when it was almost always undervalued or close to parity. Chapter 13 argues that undervaluation fosters growth by shifting resources from protected sectors to high productivity growth export-oriented industries. The authors of chapter 13 maintain, however, that this effect became weaker as the economy grew. It was probably a fairly significant factor until the start of the 1970s, much less so thereafter.

Download PDF sample

Rated 4.76 of 5 – based on 46 votes