The Euro changeover and price adjustments in Italy

Caporale, Guglielmo Maria, Girardi, Alessandro and Ventura, Marco (2011) The Euro changeover and price adjustments in Italy. Centre for EMEA Banking, Finance and Economics Working Paper Series, 2011 (13). pp. 2-11.

Abstract

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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