TY - JOUR AU - BAFFI, P. PY - 2014/02/19 Y2 - 2024/03/29 TI - Monetary developments in Italy from 1961 to 1965 JF - PSL Quarterly Review JA - PSL QR VL - 19 IS - 76 SE - Editorial DO - 10.13133/2037-3643/11640 UR - https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11640 SP - AB - <!--[if gte mso 9]><xml> <o:OfficeDocumentSettings> <o:PixelsPerInch>72</o:PixelsPerInch> <o:TargetScreenSize>1024x768</o:TargetScreenSize> </o:OfficeDocumentSettings> </xml><![endif]--><p class="Default" style="text-align: justify;"><span style="font-size: 12.0pt;" lang="EN-US">The author considers </span><span style="font-size: 12.0pt;" lang="EN-US">Italy</span><span style="font-size: 12.0pt; mso-hansi-font-family: Helvetica;" lang="EN-US">’</span><span style="font-size: 12.0pt;" lang="EN-US">s </span><span style="font-size: 12.0pt; mso-hansi-font-family: Helvetica;" lang="EN-US">“</span><span style="font-size: 12.0pt;" lang="EN-US">economic miracle</span><span style="font-size: 12.0pt; mso-hansi-font-family: Helvetica;" lang="EN-US">” </span><span style="font-size: 12.0pt;" lang="EN-US">of the 1950s, during which economic expansion was coupled with price stability. The monetary developments are connected to the balance of payments surplus/deficit and the treasury cash deficits, and depend on the supply and demand for credit. The author concludes that a number of internal and external constraints hinders further economic expansion of the country.</span></p><p class="Default" style="text-align: justify;"><span style="font-size: 12.0pt;" lang="EN-US"><br /></span></p><p class="Default" style="text-align: justify;"><span style="font-size: 16px;">JEL: E40, E51, F32, O11</span></p><!--[if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:HyphenationZone>14</w:HyphenationZone> <w:Compatibility> <w:BreakWrappedTables /> <w:SnapToGridInCell /> <w:WrapTextWithPunct /> <w:UseAsianBreakRules /> </w:Compatibility> <w:DoNotOptimizeForBrowser /> </w:WordDocument> </xml><![endif]--><!--[if !mso]><object classid="clsid:38481807-CA0E-42D2-BF39-B33AF135CC4D" id=ieooui></object> <style>st1\:*{behavior:url(#ieooui) }</style> <![endif]--><!--[if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Tabella normale"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0pt 5.4pt 0pt 5.4pt; mso-para-margin:0pt; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman";}</style> <![endif]--> ER -