Despite the launch of a new strategy for growth in Europe (the Europe 2020 strategy) and the ongoing efforts to design a new international financial architecture, prospects for an economic recovery of Europe remain dim. Public deficits and debts will have to be reduced at a faster pace, with...

Up to now, the G20 has supervised the process to revitalize the real economy affected by the Great Recession through fiscal stimuli and a very easy monetary policy, and to rescue the battered financial system by injecting capital into giant banks and firms. The G20 is now turning its attention...

The article, in memory of Ezio Tarantelli, discusses the relevance today of a number of his ideas and proposals on economic policy. Among these, the reduction of working time and the opportunity to create a European currency that would finance the European Social Fund with the aim to fight...

Articolo originariamente pubblicato in Moneta e Credito, vol. 57 n. 227, settembre 2004, pp. 233-277.

The chapter introduces some biographical notes of Ezio Tarantelli and relates the formation of his ideas to the influence of his intellectual formation at the two Cambridges (Cambridge, England, and Cambridge, Mass); the end of the Sixties student uprisings, the bitter strikes of Italy’s hot...

Even if financial innovation contributed to the instability of the financial system, it plays a social role in the economy on the basis of the following principles: the inter-temporal transfer of money value, the capability to construct contracts based on future results and the tradability of...

The paper traces the principle of monetary stability throughout the political and cultural debates, which Luigi Einaudi contributed to since 1943, and the discussions in the Sub-Committees, the Committee and the full House of the Constituent Assembly in 1946-47 up to the approval of the Charter....