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.

Using data from Ufficio italiano dei cambi for the period 1997-2001, the study analyses the distribution of foreign direct investment (FDI) outflows by sector and local area of origin. It tries to identify which local industrial structures determine a larger propensity to invest abroad, focusing...

Statistical measurement of Italy�s international investment position is subject to considerable uncertainty, owing essentially to the presence of errors and omissions in the balance of payments. The entries under this item became very substantial at the start of the 1990s, coinciding with...