Inflation Bias after the Euro: Evidence from the UK and Italy
Alessandro Piergallini () and
CEIS Research Paper from Tor Vergata University, CEIS
This paper presents an indirect approach to investigate the possible existence of measurement error bias in the Harmonized Index of Consumer Prices for the UK and Italy. Our empirical results show that there is no significant evidence for a bias in the UK, nor for Italy prior to the introduction of the Euro. Since January 2002, however, the inflation rate in Italy has been underestimated by at least 6 percentage points.
Keywords: Inflation; Measurement bias (search for similar items in EconPapers)
JEL-codes: C22 C43 D14 E31 (search for similar items in EconPapers)
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Journal Article: Inflation bias after the Euro: evidence from the UK and Italy (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:rtv:ceisrp:60
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