Caporale, Guglielmo Maria Girardi, Alessandro Ventura, Marco
Year of Publication:
CESifo working paper: Monetary Policy and International Finance 3386
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.
Euro changeover staggered price adjustments inflation