Publication
Jul 2006
This paper examines inflation applying the tools of the empirical growth literature and of dynamic panel data estimation of 81 Italian provinces from the year 1986 to 1998. The author concludes that inflation is characterized by a low degree of persistence and by conditional β-convergence across provinces. He holds that its most suitable driving variable is the unemployment rate and there are long-term non neutralities at the regional level.
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English (PDF, 39 pages, 745 KB) |
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Author | Andrea Vaona |
Series | Kiel Institute Working Papers |
Issue | 1282 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2006 Kiel Institute for the World Economy |