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NEW EVIDENCE ON THE TRANSMISSION MECHANISMS OF MONETARY POLICY IN ITALY BEFORE STAGE III OF EUROPEAN MONETARY UNION

By Luca Fanelli and Paolo Paruolo

Abstract

The transmission mechanisms of monetary policy have been at the centre of a vast debate in the last decade and it is currently receiving increasing attention because of Stage III of European Monetary Union (EMU). It is common knowledge that focusing on a closed economy

Year: 2011
OAI identifier: oai:CiteSeerX.psu:10.1.1.196.9141
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