By estimating a staggered price model over the period 1980Q1 to 2010Q2, this article documents that, after the euro changeover, Italian retailers have increased the number of price adjustments, which has translated into a higher inflation rate, with a detrimental effect on the competitiveness of the Italian economy.
The Euro changeover and price adjustments in Italy / Girardi, Alessandro; Caporale, Guglielmo Maria; Ventura, Marco. - In: APPLIED ECONOMICS LETTERS. - ISSN 1350-4851. - 19:(2012), pp. 379-382. [10.1080/13504851.2011.579056]
The Euro changeover and price adjustments in Italy
Girardi, Alessandro;Ventura, Marco
2012
Abstract
By estimating a staggered price model over the period 1980Q1 to 2010Q2, this article documents that, after the euro changeover, Italian retailers have increased the number of price adjustments, which has translated into a higher inflation rate, with a detrimental effect on the competitiveness of the Italian economy.File allegati a questo prodotto
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