Italian Inflation Linked to Government Budget Deficit, Monetary Policy Dependency.
The article discusses Italy's monetary history from 1861 to 1992, focusing on the relationship between government finances and inflation. The authors argue that high inflation rates in Italy are linked to government budget deficits and the close ties between monetary authorities and the government. They suggest that the government's financial decisions have a significant impact on monetary policy. The book combines economic theory, statistical data, and history to shed light on these issues, offering insights that can benefit both economic historians and monetary economists.