The Euro Changeover and Price Adjustments in Italy

11 Pages Posted: 29 Mar 2011

See all articles by Guglielmo Maria Caporale

Guglielmo Maria Caporale

Brunel University London - Department of Economics and Finance; London South Bank University; CESifo (Center for Economic Studies and Ifo Institute); German Institute for Economic Research (DIW Berlin)

Alessandro Girardi

National Institute of Statistics (ISTAT)

Marco Ventura

Istituto di Studi e Analisi Economica (ISAE)

Multiple version iconThere are 2 versions of this paper

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

Caporale, Guglielmo Maria and Girardi, Alessandro and Ventura, Marco, The Euro Changeover and Price Adjustments in Italy (March 24, 2011). Available at SSRN: https://ssrn.com/abstract=1793743 or http://dx.doi.org/10.2139/ssrn.1793743

Guglielmo Maria Caporale (Contact Author)

Brunel University London - Department of Economics and Finance ( email )

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London South Bank University ( email )

Centre for Monetary and Financial Economics
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CESifo (Center for Economic Studies and Ifo Institute)

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German Institute for Economic Research (DIW Berlin) ( email )

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Alessandro Girardi

National Institute of Statistics (ISTAT) ( email )

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Italy

Marco Ventura

Istituto di Studi e Analisi Economica (ISAE) ( email )

Piazza dell' Indipendenza 4
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