Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/87108
Authors: 
Vaona, Andrea
Year of Publication: 
2007
Series/Report no.: 
Quaderni di Dipartimento, EPMQ, Università degli Studi di Pavia 204
Abstract: 
Considering a sample of about 70 Italian regions, 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.
Subjects: 
purchasing power parity
long-run inflation
Balassa-Samuelson model
Kaldor-Verdoorn model
JEL: 
R1
E31
F49
Document Type: 
Working Paper

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