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The Euro Changeover and Price Adjustments in Italy

Discussion Papers 1114, 9 S.

Guglielmo Maria Caporale, Alessandro Girardi, Marco Ventura

2011

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Abstract

By estimating a staggered price model over the period 1980q1-2010q2, this paper 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.



JEL-Classification: C22;E31
Keywords: Euro changeover, staggered price adjustments, inflation
Frei zugängliche Version: (econstor)
http://hdl.handle.net/10419/55298

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