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The paper presents the results of a reconstruction of the Italian public debt series since national unification. Computations use today�s statistical methodology to obtain a database consistent with the national accounts. The reference sector is general government, not the state sector, as...
Persistent link: https://www.econbiz.de/10005609417
Three industrial organization (IO) models suggested by Dornbusch (1987) are here adapted to study the labor-cost effects on relative prices of tradable goods between the regions of a monetary union. The assumption of imperfect and segmented goods and labor markets makes the analysis best suited...
Persistent link: https://www.econbiz.de/10005687789
This paper examines regional inflation divergence within the European EMU aiming at characterizing the properties of inflation differentials. The empirical evidence suggests that a process of price level convergence in the EMU is well on its way.
Persistent link: https://www.econbiz.de/10005731542