Monetary analysis and policy: an aggregated model for the Italian economy

Autor:	VACIAGO, G.
Jazyk:	angličtina
Rok vydání:	2013
Předmět:	E44 E47 E52 Italy monetary theory transmission mechanism policy Italian money sector
DOI:	10.13133/2037-3643/11427
Popis:	There have been notable developments in monetary theory over the last twenty years which have done much to clarify the role of monetary variables in economic activity and the related “transmission mechanism” of monetary policy. Even so, there are still conflicting theories and correspondingly lively debates between their proponents. The present article, within a general framework of the mechanism of monetary policy, looks at the relation between the results of these developments and their successive approximations used in empirical analyses of the effects of monetary policy. The author puts forward an aggregated model of the Italian monetary sector designed for short-term forecasting and policy, and considers the results of the economic estimates, its predictive performance and its policy implications. JEL: E44, E47, E52 PSL Quarterly Review, V. 26, N. 105 (1973)
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::2db5431a29762296aa0569577b8c7cd9 Zobrazit plný text záznamu