Economic stabilization and growth policies in Augusto Graziani?s approach

Antonio Pedone

STUDI ECONOMICI, 2014, vol. 2014/112, issue 112, 172-181

Abstract: In his analysis of Italian post-war economic growth, Augusto Graziani has pointed out the main shortcomings of Italy?s economic policy, particularly after the end of the so-called "economic miracle". He was very critical of Italian short-term stabilization policy founded mainly on deflationary monetary policy with negative consequences on employment and investment. He was in favour of a short-term stabilization policy strictly linked to policies designed to boost growth and to mitigate the many "dualisms" affecting the Italian economy. To this end, he proposed a large programme of public investment, not only of public works but also of industrial investment from state-owned enterprises.

JEL-codes: E52 E61 (search for similar items in EconPapers)
Date: 2014
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