The paper examines the 1947 monetary stabilization in Italy, tracing the domestic and international political dynamics that allowed ideas and theoretical concepts developed within the Bank of Italy to be applied in a successful action to subdue spiraling inflation. The combination of events and...

We generalize some recent results developed in static policy games with multiple players, to a dynamic context. We find that the classical theory of economic policy can be usefully applied to a strategic context of difference games: if one player satisfies the Golden Rule, then either all other...

Over the past two decades, China has been the worlds fastest-growing economy. My dissertation focuses on several important issues in Chinas recent development and reform:(1) Financial development and economic growth. It is widely recognized that financial sector reform is crucial to Chinas...