The purpose of this paper is to estimate the specific impact of the introduction of the euro on Italian consumer inflation that can be attributed solely to the rounding of prices to figures that are "attractive" in euro. The empirical analysis is based on a large sub-set of prices used by Istat...

Overall growth rates mean different things to different people. Hence, they can easily misrepresent what happens to living standards and "quality of life". This paper focuses on patterns and interrelationships between the size and the distribution of the dividends of growth, not on summary...

This paper presents original evidence on price setting in the euro area at the individual level. We use micro data on consumer (CPI) and producer (PPI) prices, as well as survey information. Our main findings are: (i) prices in the euro area are sticky and more so than in the US; (ii) there is...