promptly identifying turning points in inflation. The focus of this paper is the so-called "cost-of-living" index, the most … used measure of Italian inflation. Our aim is to identify and test a model of its seasonal component, which is important in …

The question addressed by this study is whether consumers remember past prices correctly. We test Italian citizensï …¿½ memory for cinema prices with questionnaires distributed to moviegoers. The analysis concentrates on the memory of pre …-euro prices, but the recall for a more recent period is also investigated. The results show that only a small percentage of …

This paper reviews the existing empirical evidence on the short-term impact on prices of fiscal variables and assesses … Commission and the OECD models. Overall, a broad consensus appears on the impact on prices of changes in individual government … limited impact on prices in the first year while, in contrast, changes in indirect taxes and employers� social security …

In the past decade changes in oil prices have played a significant role in shaping inflation dynamics in the US and in … the euro area, largely through their direct effect on fuels prices, reviving the controversy over whether the prices of … petrol and diesel prices. Inference is based on the dynamic response of downstream prices to upstream shocks, rather than on …

The empirical literature on the transmission of monetary policy to inflation in Italy has stressed the importance of … the exchange rate and, to some extent, of the demand channel; recently, the roles of inflation expectations and the fiscal … situation have been emphasized. This paper uses vector auto-regression to address this issue. The results suggest that inflation …

The paper analyzes the short-run impact of periods of strong monetary growth on inflation dynamics for 15 … industrialized economies. We find that when robust money growth is accompanied by large increases in stock and house prices and loose … dynamics in other asset prices seem to be less likely to have inflationary consequences and thus, less worrying from a policy …

,000 Italian firms, the paper tests whether a change in the link between capacity utilisation and prices is confirmed at company … level, after controlling for inflation expectations, and whether it is concentrated among those firms that are more exposed …

This study investigates inflation perceptions in both qualitative and quantitative terms and their relationship with … Italian consumers carried out at the end of 2006. The results show that reported inflation is, on average, much higher than … measured by official statistics. Inflation perceptions are higher for women, the unemployed and less educated individuals, as …