The chapter first introduces Tarantelli’s thought on the role of labour economics and social pacts. The implementation of his proposals for a social pact in Italy is then discussed and compared to similar experiences in Europe. Attention is finally devoted to developing a theory of social...

The chapter adheres to a school of interpretation which is sceptic with respect to the virtues of neo-corporatism while asserting the several other institutional aspects, referred both to the labour market and the overall economic system that affect the macroeconomic performance. The chapter is...

The chapter claims that monetary authorities’ conservatism is needed to improve the macroeconomic performance, the more so the higher the degree of product market competition. Contrary to a widespread belief, central bank conservatism and market competition are complements, rather than...