Download This PaperThe Euro Changeover and Price Adjustments in Italy
11 Pages Posted: 29 Mar 2011
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The Euro Changeover and Price Adjustments in Italy
The Euro Changeover and Price Adjustments in Italy
Date Written: March 24, 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: C220, E310
Suggested Citation: Suggested Citation
CESifo (Center for Economic Studies and Ifo Institute)
Poschinger Str. 5
Munich, DE-81679
Germany
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