The paper analyzes developments in bank lending in Italy during the financial crisis, assessing the relative contribution of demand and supply factors to lending deceleration. We find that the slowdown in lending was mainly due to a reduction in demand. For households, this can be attributed to...

Italian Abstract: La politica monetaria, negli ultimi anni, è spesso invocata come una panacea per una grave recessione che sta interessando l'Europa, in particolare l'Italia a partire dal 2010. Questo documento esaminerà come la politica monetaria ha reagito in tempi di crisi prima della...

Il fenomeno dell'indebitamento, insolvenza e crisi economica nel capitalismo è interpretato dall'ortodossia economica secondo la logica speculativa. La nostra intenzione, invece, è interpretare il fenomeno dell'indebitamento, insolvenza e crisi economica nel capitalismo secondo la logica...

This paper analyses the functioning of monetary policy transmission mechanisms in Italy from 1984 to 1998, highlighting the role performed by the credit system. We extend the Bernanke and Blinder model (1988) to the case of an open economy under a quasi-fixed exchange rate regime, deriving...

This paper looks at the recent debt crisis in Greece and argues that the crisis exemplifies a sequence of systematic mistakes made by International Financial Institutions, mistakes whose consequences had been clearly anticipated at the time of the first bail-out and could have been avoided. I...

Italian Abstract: Questo lavoro prende in considerazione la recente crisi di debito della Grecia e sostiene che questa mostra una serie di errori sistematici fatto dalle Istituzioni Finanziarie Internazionali, le cui conseguenze erano state chiaramente anticipate sin dal primo intervento di...

The financial crisis that started in August 2007 has led to a worsening in the conditions of credit supply to customers. Since the second half of 2008, several measures have been adopted in order to sustain access to credit for both firms and households, such as debt moratoria, provisions of...

The world recession triggered by the financial crisis has impacted with extraordinary violence on economic activity in Italy.What has been the contribution of the various channels through which the crisis was transmitted to the Italian economy? What have been the effects stemming from the...

The paper provides an evaluation of the redistribution effects stemming from the changes to the personal income tax introduced in the last decade. The analysis confirms that between 1989 and 2001 the net average tax rate increased for all taxpayers and, above all, for one-earner couples. The...

This paper looks at the recent debt crisis in Greece and argues that the crisis exemplifies a sequence of systematic mistakes made by International Financial Institutions, mistakes whose consequences had been clearly anticipated at the time of the first bail-out and could have been avoided. I...