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In the case of the consumer price index the importance of a seasonally adjusted measure lies in the possibility of 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...
Persistent link: https://www.econbiz.de/10005486712
We exploit the new historical national accounts data for Italy over the period 1861-2010, built by Banca d'Italia and Istat, with the collaboration of the University of Rome "Tor Vergata". In the first part of the paper, a thorough study of the new data's statistical properties is presented...
Persistent link: https://www.econbiz.de/10011105101
We present a new indicator of house prices in Italy, with more extensive geographical and time coverage. The new indicator now makes it possible to analyze medium- and long-term trends with satisfactory representation of the Italian housing market. It also allows for timely updating, for prompt...
Persistent link: https://www.econbiz.de/10005467324
This paper proposes an index of core inflation for the euro area which exploits information from a large panel of time series on disaggregated prices, industrial production, labor market indicators, financial and monetary variables. The index is the result of a smoothing operation at both the...
Persistent link: https://www.econbiz.de/10005113620
market from clearing and agents from deleveraging. The impact of a disinflationary shock on the tightness of these …
Persistent link: https://www.econbiz.de/10011265438
overwhelmingly large. This finding is confirmed under different identification strategies for the monetary policy shock. …
Persistent link: https://www.econbiz.de/10009654295
We conduct a regional analysis of the relationship between market concentration and price dynamics in the grocery retail sector, focusing on a sample of five categories of goods belonging to the 12 COICOP aggregation and on a panel of countries that includes Germany, Spain, Finland, Italy,...
Persistent link: https://www.econbiz.de/10009364558
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 petroleum products respond more promptly to positive than...
Persistent link: https://www.econbiz.de/10008626023