A cross-sectional approach to regional long-run inflation in Italy

Considering a sample of about 70 Italian regions, this paper goes beyond the assumption that there exists a unique core inflationary process in a macroeconomy. We show that local long-run inflation rates can display remarkable variability. On the one hand they are negatively correlated with productivity growth, on the other the less competitive is the local retail sector and the higher is long-run inflation.

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Year of publication:	2007
Authors:	Vaona, Andrea
Publisher:	Pavia : Università degli Studi di Pavia, Dipartimento di Economia Politica e Metodi Quantitativi (EPMQ)
Subject:	purchasing power parity \| long-run inflation \| Balassa-Samuelson model \| Kaldor-Verdoorn model

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Series:	Quaderni di Dipartimento - EPMQ ; 204
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	576930563 [GVK] hdl:10419/87108 [Handle]
Classification:	R1 - General Regional Economics ; E31 - Price Level; Inflation; Deflation ; F49 - Macroeconomic Aspects of International Trade and Finance. Other
Source:	EconStor

Persistent link: https://www.econbiz.de/10010326090