In this paper we study the relationships between inflation and economic growth an between inflation and inflation uncertainty, by means of a two econometric models: a VAR(1) for the economic growth and inflation variables, and a GARCH in mean model to estimate the nominal uncertainty and its...

The paper is aimed at assessing the theoretical debate as to whether an inflation-targeting-central-bank should react to asset price movements. The main theoretical tenets of the debate, the canonical model of the New Neoclassical Synthesis and the two main competing hypotheses of the debate are...

Il presente articolo esamina i vantaggi relativi dei tassi di cambio fluttuanti nei confronti di un regime di tassi di cambio a parità rigidamente ancorate (hard peg), ponendo particolare enfasi sulle implicazioni per la domanda effettiva. In particolare, esso valuta se un deprezzamento della...

The paper deals with the debt crisis in the euro zone. The literature presents two interpretations of these events. The first attributes the responsibility of the crisis to the political authorities of the countries under attack. They let the citizens live beyond the standard allowed by the...