The monetary policy framework As you know, my predecessor on his appointment in 1996 reached a formal agreement with Treasurer Costello on the conduct of monetary policy. 1 This was updated in 2003 at the time of his reappointment.
Ernesto Rossi and Altiero Spinelli – the first a friend and student of Einaudi’s, the second a former Communist party member – had been imprisoned by the Fascist government for 10 years, and later exiled to the tiny Mediterranean island of Ventotene.