This paper proposes a comparative analysis of the main macroeconomic aggregates (both real and credit aggregates), and the monetary policy response during the most severe recessions experienced by the Italian economy. This descriptive study focuses mainly on the last forty years, a period for...

Il presente saggio contiene una disamina e valutazione dell’attività di Pasquale Jannaccone come opinion maker mediante un’analisi degli editoriali pubblicati su “La Nuova Stampa”. Dopo un breve profilo scientifico dell’autore, vengono affrontati tre elementi relativi al suo lavoro di...

We study monetary policy in a New Keynesian (NK) model with endogenous growth and knowledge spillovers external to each firm. We find the following results: (i) technology and government spending shocks have different effects on growth; (ii) disinflationary monetary policies entail positive...