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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CentreforEMEABankingFinanceAndEconomicsWorkingPaperSeries No.13 11.pdf
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