Porqueddu, Mario; Fabiani, Silvia - Task Force on Low Inflation (LIFT) - 2017
This paper examines the process of adjustment of prices in Italy to determine whether nominal flexibility, measured by … the frequency of price changes, has increased in the recent years of protracted stagnation and double-dip recession. The … Consumer Price Index. We find that both the percentage of prices adjusted monthly and the average size of the adjustment have …