Building an institutional framework for monetary stability: the case of Italy (1979-1994)

F. Passacantando
Additional contact information
F. Passacantando: Banca d'Italia

BNL Quarterly Review, 1996, vol. 49, issue 196, 83-132

Abstract: Italy's monetary regime has experienced significant developments from 1979 to 1994. The independence of the central bank from the government was strengthened by several reforms. The period under review is characterised by monetary policy consistent with the Italian government's inflation targets following the abandonment of the European Exchange Rate Mechanism in Sep. 1992. Factors leading to the replacement of one type of institutional arrangement by another and the effects on monetary policy performance are examined. The steps followed and the problems encountered in implementing a system which would ensure monetary stability are also presented.

Keywords: Central bank independence; Italian monetary policy; Inflation (search for similar items in EconPapers)
JEL-codes: E52 E58 (search for similar items in EconPapers)
Date: 1996
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10609/10493 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:psl:bnlaqr:1996:14

Ordering information: This journal article can be ordered from
http://www.economiacivile.it

Access Statistics for this article

BNL Quarterly Review is currently edited by Alessandro Roncaglia

More articles in BNL Quarterly Review from Banca Nazionale del Lavoro
Bibliographic data for series maintained by Carlo D'Ippoliti ().