Monetary stability and economic development in Italy, 1946-1960

Authors

  • P. BAFFI

DOI:

https://doi.org/10.13133/2037-3643/11890

Keywords:

Monetary stability, economic development, Italy, inflation, growth

Abstract

The article analyses the relationship between monetary stability and economic development in the case of Italy. After a bout of inflation in 1946, the country went on to achieve thirteen years of reasonable monetary stability, together with a high and constant rate of growth, bringing with it an improvement in the level of employment. The author examines the aims and methods of the monetary policy followed and the basic conditions which have made it possible to preserve monetary stability and at the same time achieve a high rate of growth. A short description of the two related processes of income and liquidity creation is also presented.

 

JEL: E31, O23, O11, O52

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Published

2014-03-26

How to Cite

BAFFI, P. (2014). Monetary stability and economic development in Italy, 1946-1960. PSL Quarterly Review, 14(56). https://doi.org/10.13133/2037-3643/11890

Issue

Vol. 14 No. 56 (1961)

Section

Editorial

License

 
 
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