Deflation and Public Intervention in Industry in the Inter-war Era: the British and Italian experience compared
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Abstract
This article sets to explore how deflation spurred public intervention in industry in the inter-war period. This is a generally neglected theme in current debate. While reviewing the industrial involvement of the Bank of England, this article contributes to this theme by attempting a comparison between the industrial intervention of the Bank of England and of the Italian government in the time-period under consideration.
