Mucho se ha hablado sobre la relación que guarda el manejo de la tasa de interés líder de la Política Monetaria (1) con la tasa de los fondos de la Reserva Federal de los Estados Unidos (2). Un análisis simple puede demostrar que ambas tasas están altamente relacionadas.

The economic development has become crucial in the debate among economists and, more generally, of all those who deal with today's problems of the economies of various countries, characterized by the globalization of markets, where employment and the related matters concerning the labor market...

This contribution is an analysis and a comment of the Final Remarks of the Governor of the Bank of Italy and his directions of economic policy for the Italian economy. An economy that has a high unemployment and also supports a public debt that, despite the recent efforts of fiscal...

The low growth rate of Italy, also in international and European context, has led to compare the 50s with the last ten or fifteen. The analysis shows that, apart from the initial liberalization of international trade, the period that saw the most vigorous growth in Italy was characterized from a...

Questo lavoro intende mettere in luce sia l’evoluzione subita dal pensiero economico negli ultimi decenni sia gli orientamenti concreti dell’azione pubblica, con il proposito di coglierne i nessi reciproci. L’indagine si sofferma in particolare sulle ragioni che portarono ad una pronta...

Da strategie unilaterali di politica monetaria non potrà derivare nulla di positivo per nessuno dei game player. Anche considerando progressi dell'Europa nelle politiche per la crescita, se la forza dell'Euro non si collocherà presto in un progetto di nuovo ordine monetario globale, è...

This paper presents a survey of the literature on the determinants of inter-firm credit and on its implications for the transmission mechanism of monetary policy. Theoretical explanations for trade credit can be divided in two categories: a) theories based on real functions performed by trade...

En la mayoría de los países, los gobiernos realizan estudios para resolver problemas económicos y así tener un panorama que les permita ver el modo en que los individuos y las sociedades darán a los recursos insuficientes que la naturaleza y las generaciones precedentes les han...

The presence of possible distortions caused by a prolonged period of low interest rates indicates that policymakers should raise interest rates as soon as macroeconomic conditions allow. Low interest rates are good for macroeconomic stability in the short run, but could harm long-run financial...

The Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States was released on January 27th 2011.The strong political differences within the Commission prevented the draft of a shared report. In addition to the majority report, two dissenting...