Italy
Article Abstract:
Italy saw domestic demand start to recover in 1994 with an estimated growth of 2% in that year after a 5% fall in 1993. Political uncertainty has contributed to an increase in long-term interest rates and this is likely to continue since political problems mean that fiscal reform has not been tackled. The budget deficit will rise as interest payments increase. Consumer price inflation looks set to rise to more than 5% in 1998 from 4.7% in 1995. If fiscal reform is implemented, unemployment will stay at 12%.
Publication Name: Economic Outlook
Subject: Economics
ISSN: 0140-489X
Year: 1995
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Money and inventories in an economy with uncertain and sequential trade
Article Abstract:
A model of uncertain and sequential trade shows several findings. The model reveals that quoted prices have no reaction to the innovation in the money supply. Inventories serve as venues wherein monetary shocks have persistent effects. A monetary contraction is related with a decline in real balances prior to an increase in real balances. Moreover, items on 'sales' are depreciated inventories carried from the previous period.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 1996
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The long-run stability of the demand for money: Italy 1861-1996
Article Abstract:
The stability of money demand in Italy between 1861-1996 was examined.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2000
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