Nino, Virginia Di; Eichengreen, Barry; Sbracia, Massimo - Banca d'Italia - 2011
What is the relationship between real exchange rate misalignments and economic growth? And what effect, if any, did undervaluations or overvaluations of the lira/euro have on Italy's growth? We address these questions by presenting, first, three main facts: (i) there is a positive relationship...