The Euro Changeover and Price Adjustments in Italy
13 Pages Posted: 25 Mar 2011
There are 2 versions of this paper
The Euro Changeover and Price Adjustments in Italy
CESifo Working Paper Series No. 3386
Number of pages: 11
Posted: 29 Mar 2011
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Date Written: March 1, 2011
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.
Keywords: Euro changeover, staggered price adjustments, inflation
JEL Classification: C22, E31
Suggested Citation: Suggested Citation
Caporale, Guglielmo Maria and Girardi, Alessandro and Ventura, Marco, The Euro Changeover and Price Adjustments in Italy (March 1, 2011). DIW Berlin Discussion Paper No. 1114, Available at SSRN: https://ssrn.com/abstract=1793183 or http://dx.doi.org/10.2139/ssrn.1793183
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