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Fond »Obitelj Draganić Vrančić« pravi arhivski biser
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Letter #75, 2021, Thurs , July 29: Viganò
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Praised be Jesus Christ.
This conference has the privilege of being based in a city with a glorious past, in which its rulers were able to apply with wisdom the good government of every temporal reign that finds its inspirational and informant principles in religion.
The “Serenissima” Republic unified all the positive aspects of monarchy, aristocracy and democracy, in a system intended and conceived to favor the practice of religion, the honest welfare of its citizens, the development of arts and crafts, the promotion of trades and of cultural exchanges, the careful management of public affairs and the prudent administration of justice.
Wiener Journal - Die Stadt der Sterne
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Lucrezia Reichlin, Adair Turner, Michael Woodford
The COVID-19 pandemic forces swept away some of the conventional taboos in economic thinking, such as the radical idea of helicopter money (Benigno and Nisticò 2020, Cukierman 2020, Galì 2020, Yashiv 2020, Kapoor and Buiter 2020, Velasco et al. 2020). The term uses the fanciful imagery that was originally invented by Milton Friedman (1968). Since the end of the 1990s, Friedman’s idea has received more attention in academia and policy circles.
Precedents to the unprecedented
But what we today refer to as ‘unprecedented’ monetary policies can often have historical precedents (Ugolini 2020). In a recent paper (Goodhart et al. 2021), we wonder whether the economic policy implemented during the years 1629-1631, when the Republic of Venice fought first a famine and then a pandemic, can be considered an historical case of helicopter money. In its relationship with the role of the state, money circulation and banking, the Venetia