Wirtschaftspolitik
In 1963 he graduated in Economics from the “Sapienza University of Rome” with a thesis on ‘"Time lags in economic policy"’, under the supervision of Federico Caffè. After becoming full professor (1980), he got a reputation for his holistic contribution to systematisation and development of Economic policy. He also introduced remarkable innovations in the theory of economic policy as well as in monetary and fiscal policy and the theory of social pacts.