By estimating a staggered price model over the period 1980Q1 to 2010Q2, this article documents that, after the euro changeover, Italian retailers have increased the number of price adjustments, which has translated into a higher inflation rate, with a detrimental effect on the competitiveness of...

This article examines the process of price discovery in the Mercato Telematico dei Titoli di Stato (MTS) system, which builds on the parallel quoting of euro-denominated government securities on a number of (relatively large) domestic markets and on a (relatively small) European marketplace...