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- W2494775198 abstract "In this chapter empirical evidence which supports a monetary explanation of Italian balance-of-payments fluctuations from 1951 to 1973 is presented. The theoretical model underlying the tests is based on the monetary approach to the balance of payments as developed under the small-country assumption by Mundell (1971), Johnson (1958, 1973), and a number of their students.1 Its main assumptions and implications, and its close similarities with the Italian tradition of balance-of-payments and exchange-rate theory, have already been outlined in detail in Chapter 1, and discussion of the derivation of the equations tested will therefore be very short.KeywordsInterest RateMonetary PolicyCentral BankExcess DemandMoney MarketThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves." @default.
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- W2494775198 date "1981-01-01" @default.
- W2494775198 modified "2023-09-27" @default.
- W2494775198 title "Fluctuations of the Italian Balance of Payments, 1951–73: An Econometric Analysis" @default.
- W2494775198 doi "https://doi.org/10.1007/978-1-349-05048-2_2" @default.
- W2494775198 hasPublicationYear "1981" @default.
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