This paper examines the regional distribution of public employment in Italy. It documents two sets of facts. This first … the wage bill in the South of Italy can be identified as a subsidy. Both the size of public employment and the level of …

In the aftermath of World War II, Italy and France experienced high inflation. The two countries enacted remarkably … similar economic policy measures, but stabilization came at different times: for Italy at the end of 1947, for France a year … decline. We conclude that inflation was symptomatic of an unresolved distributional conflict, and carne to an end when one …

How far can shoe-leather go in explaining the welfare cost of inflation? Using a unique set of microeconomic data on … welfare cost of inflation analogous to Bailey's triangle, but based on a rigorous microeconomic framework. The welfare cost of … inflation varies considerably within the population, but never turns out to be very large (about 0.1 percent of consumption or …

We study how within-store price variation changes with inflation, and whether households exploit it to attenuate the … inflation burden. We use micro price data for food products sold by 91 large multi-channel retailers in ten countries between … discounts grew at a much lower average rate than regular prices, helping to mitigate the inflation burden. By contrast …