Regional Inflation Persistence: Evidence from Italy

Andrea Vaona and Guido Ascari ()

Quaderni della facoltà di Scienze economiche dell'Università di Lugano from Biblioteca universitaria di Lugano (University Library of Lugano)

Abstract: Regional patterns of inflation persistence have received attention only at a very coarse level of territorial disaggregation, that of EMU member states. However economic disparities within EMU member states are an equally important policy issue. This paper considers a country with a large regional divide, i.e., Italy, at a fine level of territorial disaggregation (NUTS3). Our results show that economically backward regions display greater inflation persistence. Moreover, we show that higher persistence is linked to a lower degree of competitiveness in the retail sector.

Keywords: inflation persistence; retail sector; regions. (search for similar items in EconPapers)
JEL-codes: E0 E30 R0 R10 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba, nep-eec, nep-geo, nep-mac and nep-mon
Date: 2007-07-28
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Persistent link: http://EconPapers.repec.org/RePEc:lug:wpaper:0807

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