Monetary aggregates in Italy since 1861: evidence from a new dataset

Federico Barbiellini Amidei, Riccardo De Bonis, Miria Rocchelli (), Alessandra Salvio () and Massimiliano Stacchini
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Miria Rocchelli: Bank of Italy
Alessandra Salvio: Bank of Italy

No 328, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: The paper builds annual time series of Italian monetary aggregates. While previous contributions focused on certain periods in Italyï¿½s economic history, our work covers the years 1861-2014 uninterruptedly; we improve the quality of the existing time series and provide further details on the components of aggregates. The paper also documents the sources and methods used for the estimates. Finally, we discuss the key trends of the aggregates since 1861 and present an econometric analysis of money demand.

Keywords: moneta; circolante; M1; M2; M3; domanda di moneta (search for similar items in EconPapers)
JEL-codes: E51 E52 G21 N10 (search for similar items in EconPapers)
Date: 2016-04
New Economics Papers: this item is included in nep-cba, nep-his, nep-mac and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:bdi:opques:qef_328_16

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