Intra-national Purchasing Power Parity and Balassa-Samuelson Effects in Italy

Andrea Vaona

No 12/2010, Working Papers from University of Verona, Department of Economics

Abstract: Considering a sample of 71 Italian metropolitan areas, this paper goes beyond the assumption that there exists a unique core inflationary process in a macroeconomy. We show that local long-run inflation rates can display remarkable variability. On the one hand they are negatively correlated with productivity growth, on the other the less competitive is the local retail sector and the higher is long-run inflation.

Keywords: purchasing power parity; long-run inflation; Balassa-Samuelson model; Kaldor-Verdoorn model. (search for similar items in EconPapers)
JEL-codes: E31 F49 R1 (search for similar items in EconPapers)
Pages: 31
Date: 2010-07
New Economics Papers: this item is included in nep-cba, nep-geo and nep-opm
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Intra-national Purchasing Power Parity and Balassa--Samuelson Effects in Italy (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:ver:wpaper:12/2010

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