The Euro Changeover and Price Adjustments in Italy
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چکیده
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.
منابع مشابه
CENTRE FOR EMEA BANKING, FINANCE & ECONOMICS The Euro Changeover and Price Adjustments in Italy
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.
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تاریخ انتشار 2011