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  • Author or Editor: Alessandro Vercelli x
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Giampaolo Gabbi, Alesia Kalbaska and Alessandro Vercelli

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Domenica Tropeano and Alessandro Vercelli

In the chapter, ‘Debt deflation theory and the Great Recession,’ on the basis of the theory of Irving Fisher, the authors analyse the accumulation of debt in the USA and Europe, emphasizing that the monetary policy deployed in the former did manage to save the banking system, and this did not happen in Europe due to the European Central Bank being less able to intervene in the economy, and the absence of an authority empowered to coordinate spending.
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Simone Borghesi and Alessandro Vercelli

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Alessandro Vercelli

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Alessandro Vercelli