The Italian economy : heaven or hell?
Author(s)
Bibliographic Information
The Italian economy : heaven or hell?
（Central issues in contemporary economic theory and policy）
St. Martin's Press , Macmillan, 1994
- : us
- : uk
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Note
Bibliography: p. 216-217
Includes index
Description and Table of Contents
Description
In recent decades, the Italian "phenomenon" has often come under close scrutiny as specialists of the field attempted to understand the workings of an economic system perceived as being somewhat strange: foreign commentators in particular incessantly wavered between forewarnings of inevitable crises and decline, and resounding praise of unexpected and surprising success. However, harsh and one-sided value judgements must be avoided if the Italian system is to be truly understood. In reality, the apparent political instability coexists alongside the stability of government, international alliances and internal affairs in other Western democracies, and better epitomized in the Japanese experience. This book contains five essays by Italian economists who give an analysis of the "new miracle" of the 1980s - the wide and deep industrial restructuring process which gave new impulse to Italy's economic growth - and the 1990s "nightmare" - the explosion of both government deficit and debt, and the difficulties of running a recovery path toward the Maastricht parameters to meet the deadlines of the European unification process.
Table of Contents
- Introduction - the 1980s' dream, the 1990s nightmare, Mario Baldassari
- Italy - the real effects of inflation and disinflation, F. Giavazzi and L. Spaventa
- restructuring processes, technological change and economic growth, I. Cipolletta and A. Heimler
- the role of monetary and financial policies in the restructuring of industry, S. Micossi and F. Trau
- disinflation in Italy - an analysis with the econometric model of the Bank of Italy, D. Gressani et al
- the government budget and the Italian economy during the 1970s and 1980s - causes of the debt, strategy for recovery and prospects for restructuring, Mario Baldassari and M. Gabriella Briotti.
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