Abstract
Italian Abstract: La politica monetaria, negli ultimi anni, e spesso invocata come una panacea per una grave recessione che sta interessando l'Europa, in particolare l'Italia a partire dal 2010. Questo documento esaminera come la politica monetaria ha reagito in tempi di crisi prima della riforma valutaria implementata con EMS, il principale passo verso la moneta unica. In questo lavoro sono state utilizzate le fonti delle relazioni della Banca d'Italia per evidenziare il ruolo svolto da questa istituzione nella politica monetaria e nell'uso di questa politica. English Abstract: Monetary policy, in recent years, is often invoked as a panacea for a severe recession that is affecting Europe, in particular Italy from 2010. This paper will examine how monetary policy reacted in times of crisis before the currency reform implemented with EMS, the main step towards the single currency. In this paper we were used the sources of the Relations of the Bank of Italy to highlight the role played by this institution in the monetary policy and the use of this policy.
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