We examine Italian inflation rates and the Phillips curve with a very long-run perspective, one that covers the entire existence of the Italian lira from political unification (1861) to the entry of Italy in the European Monetary Union (end of 1998). We first study the volatility, persistence...

Governance amid globalisation : corporations, governments, and the G8 / Michele Fratianni, Paolo Savona, and John J. Kirton -- Globalisation's challenges for governance -- The needs and challenges of global governance / Olivier Giscard d'Estaing -- Globalisation, governance and the G8 summit /...

Is the world globalized as so many pundits claim? The facts say otherwise. Consumption, for example, has a strong domestic bias. Distance and borders are two important reasons for this bias and are a powerful deterrent to globalization. Also, multinational corporations the organizations that...