News ed inflazione: l'Italia all'avvento dell'euro
AbstractCan the media play a significant role in shaping pricing behaviour at retail level? What empirical evidence, particularly for inflation after the euro changeover? A model of the news impact on inflation is constructed in terms of a sticky-information Phillips curve with an epidemiology approach to information diffusion. Empirical tests are performed, referring to Italy's CPI developments since the euro's birth. The evidence confirms the news' distinctive role in influencing retail price changes. The latter seem to be im plemented slowly, as information on inflation spreads through market participants. The news impact seems to disappear when contradictory inflation data are reported.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by SIPI Spa in its journal Rivista di Politica Economica.
Volume (Year): 95 (2005)
Issue (Month): 3 (May-June)
Contact details of provider:
Find related papers by JEL classification:
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sabrina Marino).
If references are entirely missing, you can add them using this form.