The present paper investigates 28 episodes of transition from a fixed to a relatively more flexible exchange rate regime, taking place together with a depreciation of the national currency by more than 25% with respect to the US dollar, in the time period between 1980 and 2013. On average, the...

Messori’s paper analyzes the impact of the recent crises on the teaching of macroeconomics. In contrast with what happened during the Thirties, today we do not have a new macroeconomic paradigm. This is why the mainstream textbook of Blanchard, Amighini, Giavazzi (2010) remains irreplaceable...