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Salvatore Biasco e le interdipendenze economiche e politiche (Salvatore Biasco and the political and economic interdependencies)

Author

Listed:
  • Carlo D'Ippoliti

    (Sapienza Universita' di Roma)

  • Alessandro Roncaglia

    (Sapienza Universita' di Roma e Accademia dei Lincei)

Abstract

Questo tributo commemora Salvatore Biasco, illustre collega e amico della rivista. I molteplici contributi di Biasco hanno spaziato dall'economia internazionale alla finanza, passando per l'impegno politico in prima persona. Il lavoro di Biasco ha sempre sottolineato il ruolo centrale della politica economica ma anche la sua natura endogena. In contrasto con le teorie dominanti che attribuiscono le fluttuazioni economiche e le crisi a fattori esterni, Biasco considerava problematica l'idea di un equilibrio stabile di mercato. Il lavoro di Biasco ha gettato luce sull'importante impatto delle variabili finanziarie su quelle reali, ad esempio con articoli sull'endogenita' dei cicli valutari e sull'importanza dei flussi lordi di capitali nel sistema monetario internazionale. This tribute commemorates Salvatore Biasco, a distinguished colleague and friend of the journal. Biasco's multifaceted contributions encompassed international economics, finance, and political engagement, emphasizing the central role of economic policy and its endogenous nature. In contrast to mainstream theories that attribute economic fluctuations and crises to external shocks, Biasco considered the notion of a stable market equilibrium problematic. Biasco's work shed light on the profound impact of financial variables on the real variables, for example with articles on the endogenous nature of currency cycles, and the significant influence of gross capital flows within the global monetary system.

Suggested Citation

  • Carlo D'Ippoliti & Alessandro Roncaglia, 2023. "Salvatore Biasco e le interdipendenze economiche e politiche (Salvatore Biasco and the political and economic interdependencies)," Moneta e Credito, Economia civile, vol. 76(303), pages 197-205.
    • Handle: RePEc:psl:moneta:2023:31
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    References listed on IDEAS

    as
    1. Wynne Godley, 2001. "The developing recession in the United States," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 54(219), pages 417-425.
    2. Claudio Borio & Piti Disyatat, 2011. "Global imbalances and the financial crisis: Link or no link?," BIS Working Papers 346, Bank for International Settlements.
    3. Wynne Godley, 2001. "The developing recession in the United States," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 54(219), pages 417-425.
    4. Claudio Borio & Piti Disyatat, 2015. "Capital flows and the current account: Taking financing (more) seriously," BIS Working Papers 525, Bank for International Settlements.
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    More about this item

    Keywords

    Salvatore Biasco; crisis; cycles; international capital flows;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics

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