Regional inflation persistence : evidence from Italy
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Vaona, Andrea
Istituto di ricerche economiche (IRE), Facoltà di scienze economiche, Università della Svizzera italiana, Svizzera
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Ascari, Guido
Department of Economics and Quantitative Methods, University of Pavia, Italy
21 p
English
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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Economics
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License undefined
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Persistent URL
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https://susi.usi.ch/usi/documents/318048
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