Back to the long-run: the “Development Operation” as a supply-side policy by the Italian Industrial Association during the Seventies

Alessandro Dafano

MPRA Paper from University Library of Munich, Germany

Abstract: The aim of this paper is to stress the proposal made by the Italian Industrial Association against the stagflation during the Seventies, labeled “Development Operation”, which tried to give Italy a long-run growth path, through a strong reduction of public debt, boosting the supply-side in order to gain more productive independence; all of this in close connection with the European Community framework and in line with IMF/OECD directives. Moreover, this policy statement provided for a synthesis of different schools and joined the crowding-out debate occurring at that time in Italy.

Keywords: supply-side; Guido Carli; economic planning; crowding-out; Italian economists; oil shock. (search for similar items in EconPapers)
JEL-codes: B22 B31 E65 N14 (search for similar items in EconPapers)
Date: 2016-05-25
New Economics Papers: this item is included in nep-his
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Citations: View citations in EconPapers (1)

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