5 articles in this issue
J. STEINDL
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 Josef Steindl recalls the major advents in th... see more
P. SYLOS LABINI
The work identifies certain lessons which can be learned from Schumpeter’s analysis of the cyclical development of the economy and which may help in understanding the novel aspects presently displayed by this fundamental process. In particular, the author... see more
M. MORISHIMA,L. PROSPERETTI
The present work aims to estimate output and price elasticities of sectors as well as the whole economy, and to find out the reasons why the phenomenon of de-industrialisation has been observed in advanced countries such as the U.K. in recent decades. For... see more
A. MADDISON
The article is concerned with the large and continuous growth of “welfare state” expenditures. It analyses the reasons for the emergence of the welfare state and its impact on economic growth. The work is intended as a diagnosis of this growth since 1883,... see more
O. BLANCHARD,R. DORNBUSH
This paper reviews and assesses some of the controversies related to the role of deficits in the recovery, the relation between deficits and interest rates, costs and benefits of a strong US dollar, and finally the feasibility and desirability of enhancin... see more