The Euro Changeover and Price Adjustments in Italy

Guglielmo Maria Caporale, Alessandro Girardi and Marco Ventura

No 1114, Discussion Papers of DIW Berlin from DIW Berlin, German Institute for Economic Research

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 (search for similar items in EconPapers)
JEL-codes: C22 E31 (search for similar items in EconPapers)
Pages: 9 p.
Date: 2011
New Economics Papers: this item is included in nep-cba, nep-eec and nep-mon
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https://www.diw.de/documents/publikationen/73/diw_01.c.369413.de/dp1114.pdf (application/pdf)

Related works:
Journal Article: The euro changeover and price adjustments in Italy (2012)
Working Paper: The Euro Changeover and Price Adjustments in Italy (2011)
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