Abstract

http://ssrn.com/abstract=76599
 
 

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In Search of Monetary Policy Measures: the Case of Italy in the 90s


Giuseppe De Arcangelis


Sapienza Università di Roma

Giorgio Di Giorgio


LUISS Guido Carli University - Facoltà di Economia

February 1998


Abstract:     
In this paper we present a structural VAR analysis of monetary policy in Italy. A monetary policy operating regime based on the control of the overnight rate seems to fit the data better than alternative quantitative monetary regimes. The model allows us to derive an overall indicator of the monetary policy stance that is able to highlight the major episodes of monetary contraction in the sample.

Number of Pages in PDF File: 40

JEL Classification: E52

working papers series


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Date posted: April 16, 1998  

Suggested Citation

De Arcangelis, Giuseppe and Di Giorgio, Giorgio, In Search of Monetary Policy Measures: the Case of Italy in the 90s (February 1998). Available at SSRN: http://ssrn.com/abstract=76599 or http://dx.doi.org/10.2139/ssrn.76599

Contact Information

Giuseppe De Arcangelis (Contact Author)
Sapienza Università di Roma ( email )
Dipartimento di Scienze Sociali ed Economiche
P.le Aldo Moro 5
Rome, 00185
Italy
+390649910489 (Phone)
HOME PAGE: http://w3.uniroma1.it/gdearc
Giorgio Di Giorgio
LUISS Guido Carli University - Facoltà di Economia ( email )
Viale di Villa Massimo, 57
Rome, 00161
Italy
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