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Regional Inflation Persistence: Evidence from Italy

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Author Info
Andrea Vaona () (Facoltà di Economia, Università di Lugano, Svizzera)
Guido Ascari () (Dipartimento di Economia e Metodi Quantitativi, Facoltà di Economia, Università di Pavia, Italia)

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Abstract

Regional patterns of inflation persistence have received attention only at a very coarse level of territorial disaggregation, that of EMU member states. However economic disparities within EMU member states are an equally important policy issue. This paper considers a country with a large regional divide, i.e., Italy, at a fine level of territorial disaggregation (NUTS3). Our results show that economically backward regions display greater inflation persistence. Moreover, we show that higher persistence is linked to a lower degree of competitiveness in the retail sector.

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Publisher Info
Paper provided by Biblioteca universitaria di Lugano (University Library of Lugano) in its series Quaderni della facoltà di Scienze economiche dell'Università di Lugano with number 0807.

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Length: 21
Date of creation: 28 Jul 2007
Date of revision:
Handle: RePEc:lug:wpaper:0807

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Related research
Keywords: inflation persistence; retail sector; regions.;

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Find related papers by JEL classification:
E0 - Macroeconomics and Monetary Economics - - General
E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
R0 - Urban, Rural, and Regional Economics - - General
R10 - Urban, Rural, and Regional Economics - - General Regional Economics - - - General

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