Chiades, Paolo; Gambacorta, Leonardo - In: German Economic Review 5 (2004) 1, pp. 1-34
This paper analyzes the functioning of monetary policy transmission mechanisms in Italy from 1984 to 1998, highlighting the role performed by the credit system. We extend the <link rid="b10">Bernanke and Blinder model (1988)</link> to the case of an open economy under a quasi-fixed exchange rate regime, deriving...