Del Boca, Alessandra; Fratianni, Michele; Spinelli, Franco - In: The North American Journal of Economics and Finance 21 (2010) 2, pp. 182-197
We examine Italian inflation rates and the Phillips curve with a very long-run perspective, one that covers the entire existence of the Italian lira from political unification (1861) to Italy's entry in the European Monetary Union (end of 1998). We first study the volatility, persistence and...