7 articles in this issue
G. DEMARIA G.
The paper is a contribution to a series of recollections and reflections on the professional experiences of distinguished economists which the Banca Nazionale del Lavoro Quarterly Review started in 1979. In it Giovanni Demaria looks back on a period of pa... see more
J. STEINDL
With the exception of Marx and Schumpeter, the subjects of “long run” and technical progress have lain dormant from the Classics to the end of World War II. Since then, curiosity has again been aroused on two fronts. The first is from former colonies in d... see more
P. GRAY
The work broadens the concept of oil-push inflation by introducing the possibility of inflation-impeti deriving from other primary product sectors. The author argues that strict monetary analysis is less appropriate to analysis of a situation in which rea... see more
R. OSSOLA
Many authors welcomed the shift to floating exchange rates as they expected it to result in lower inflation, unemployment and balance of payments disequilibria. However, the new system exhibits two sharp daily fluctuations of exchange rates, imposing unwe... see more
G.S. TAVLAS,J. ASCHHEIM
The work takes up a series of issues pertaining to the monetary interpretation of Friedman and Simons. The authors find that espousal of a monetary rule involves, foremost, confidence in the extrapolability of long-term statistical trends, particularly wi... see more
C. DEMATTÈ
The growth of international financial intermediation through the Euromarket and other regional financial centres is one of the most remarkable phenomena of the last 15 years. The present work elucidates the nature of international financial activity throu... see more
R. SOLOMON
This brief note serves as a response to Karl Brunner’s characterisation of the author’s views on the Bretton Woods system. The author also raises some questions about Brunner’s interpretation of post-World War II international monetary developments. ... see more