Working Paper

Regional Patterns of Inflation Persistence in Italy

Regional patterns of inflation persistence have received attention only at a very coarse level of territorial disaggregation, that of EMU member states. However economic disparities within EMU member states are an equally important policy issue. This paper considers a country with a large regional divide, i.e., Italy, at a fine level of territorial disaggregation (NUTS3). Our results show that economically backward regions display greater inflation persistence. Moreover, we show that higher persistence is linked to a lower degree of competitiveness in the retail sector.

Authors

Guido Ascari
Andrea Vaona

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Publication Date
JEL Classification
E0, E30, R0, R10